Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Thompson Foods processes bags of organic frozen fruits sold a specialty grocery stores Click the icon to view additional information.) Read the requirements Requirement 1.

image text in transcribed
image text in transcribed
image text in transcribed
Thompson Foods processes bags of organic frozen fruits sold a specialty grocery stores Click the icon to view additional information.) Read the requirements Requirement 1. How much variable overhead would have been allocated to production? How much foued overhead would have been allocated to production? The vanatie overhead allocated to production is $ Requirements More info The company i s wantedung overhead based on direct labor hours. Thompsonas budged Toed mwachung overhead for the year to be 5629,000. The predetermined forced manufacturing overhead rate is $16.60 per direct laborhout, while the standard variable manufacturing overhead rate is $0.85 per direct labor hour. The direct labor standard for each case is one quarter 10.25) of an hour 1. How much variable overhead would have been allocated to production? How much fored overhead would have been allocated to production? 2. Compute the variable MOH rate variance and the variable M e ncy are. What do those wanances et manager 3. Compute the feed MOH budget variance and the feed overhead vorence What do these are toll managers? The company actual processed 160.000 cases the organic fruits during the yen and incurred 560.400 of manufacturing overhead of this amount 5045.000 The company cured A190 Enterinumber the domenica 1/4/2020 9 aming Backspace W ISID FG much fixed overhead would have been allocated to production? i Requirements 1. How much variable overhead would have been allocated to production? How much fixed overhead would have been allocated to production? Compute the variable MOH rate variance and the variable MOH efficiency variance. What do these variances tell managers? Compute the fixed MOH budget variance and the fixed overhead volume variance. What do these variances tell managers? Print Done Check Answer E11-43B (similar to) Thompson Foods processes bags of organic frozen fruits sold at specialty grocery stores. (Click the icon to view additional information.) Read the requirements. Requirement 1. How much variable overhead would have been allocated to production? How much fixed The variable overhead allocated to production is $ * More Info The company allocates manufacturing overhead based on direct labor hours. Thompson has budgeted fixed manufacturing overhead for the year to be $629,000. The predetermined fixed manufacturing overhead rate is $16.60 per direct labor hour, while the standard variable manufacturing overhead rate is $0.85 per direct labor hour. The direct labor standard for each case is one-quarter (0.25) of an hour. The company actually processed 160,000 cases of frozen organic fruits during the year and incurred $689,400 of manufacturing overhead of this amount. $648.000 was fixed. The company also incurred a total of 41,400 direct labor hours. Print Done 252 PM W4/2020 Enter any number in the edit fields and then click Check Answer y remaining 9 parts 8 2 FE # %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting

Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie

10th Edition

9780730363224

Students also viewed these Accounting questions

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago