Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information The following information applies to the questions displayed below. Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based

image text in transcribedimage text in transcribed

Required information The following information applies to the questions displayed below. Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: $ 40 45 Direct materials: 5 pounds at $8 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $9 per hour Total standard cost per unit $112 The planning budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,000 units and incurred the following costs a. Purchased 160,000 pounds of raw materials at a cost of $6.50 per pound. All of this material was used in production b. Direct laborers worked 70,000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $655,200. . What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variable manufacturing overhead cost

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

Step: 3

blur-text-image

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

Audit Customer Satisfaction Marketing Added Value

Authors: Cindy E. Cosmas

1st Edition

089413373X, 978-0894133732

More Books

Students also viewed these Accounting questions

Question

1. Are my sources credible?

Answered: 1 week ago

Question

3. Are my sources accurate?

Answered: 1 week ago

Question

1. Is it a topic you are interested in and know something about?

Answered: 1 week ago