Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 (5 points) A flexible budget for 10,000 hours revealed variable manufacturing overhead of $81,000 and fixed manufacturing overhead of $134,000. The budget for

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 13 (5 points) A flexible budget for 10,000 hours revealed variable manufacturing overhead of $81,000 and fixed manufacturing overhead of $134,000. The budget for 27,000 hours would reveal total overhead costs of: Your Answer: Answer Question 14 (5 points) Delicious Treats (DT) anticipated that 87,000 process hours would be worked during an upcoming accounting period when, in fact, 91,000 hours were actually worked. One of the company's cost functions is expressed as follows: Y = $16PH + $600,000 where PH is defined as process hours What budgeted dollar amount would appear in DT's static budget for the preceding cost function? Your Answer: Answer Question 15 (5 points) Farnsworth Television makes and sells portable television sets. Each television regularly sells for $204. The following cost data per television are based on a full capacity of 12,000 televisions produced each period: Direct materials $75 Direct labor. $55 Manufacturing overhead (75% variable, 25% unavoidable fixed). $48 A special order has been received by Farnsworth for a sale of 2,500 televisions to an overseas customer. The only selling costs that would be incurred on this order would be $6 per television for shipping. Farnsworth is now selling 7,200 televisions through regular distributors each period. What should be the minimum selling price per television in negotiating a price for this special order? Your Answer: Answer Question 16 (4 points) Lartey Corporation's cost formula for its selling and administrative expense is $22,200 per month plus $27 per unit. For the month of December, the company planned for activity of 5,300 units, but the actual level of activity was 5,270 units. The actual selling and administrative expense for the month was $168,150. The spending variance for selling and administrative expense in December would be closest to: $3,660 F $3,660 U $2,850 F $2,850 U

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Current Issues In Auditing

Authors: Michael J Sherer, W Stuart Turley

3rd Edition

1853963658, 978-1853963650

More Books

Students also viewed these Accounting questions