Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Toen hiemande o comerciant rared the towing covered cout dort for wedding Department for her of the city. The owoced to wewe the duster ut

image text in transcribed
image text in transcribed
Toen hiemande o comerciant rared the towing covered cout dort for wedding Department for her of the city. The owoced to wewe the duster ut modity of 5.300 hours V Indied fact $16.00 wand 2,34 11.04 In mata TAI Servisi 510,260 Dertion and we 26,270 Thund property taxes 2010 44,50 Toto da com 18.30 During the department 5,000 tandard hours. The actory over factory wages, 116.100 et dont 111.440 indirect mat. 110.00 10.240 depreden of andment 2020, and incroytt 1,010 Required radores con lascerepottory. To bootcomb, the bed and beared on 400 afvratte vara negative embel Wingsminnan untuk wwwce poste number Round your per unit computations to the nearest cent, required, namun daveti Tiger Equipment for Factory Overhead Cost Variance Heart Welding Department For the Month Ended May 31 Nom capacity for the month 3,300 Actual production for the month 5,600 Actual Budget Unfavorable Variances favorable Variances Vanable cast Inredatory a Pandt Isrca Total variable cost Fixed costs Servicios Depredaf landet Incurance and recettes Totale.com Total factory whead con Tutakuntable variances l0 10 000 lui 000000 Bursed over the standard rate for fred factory overhead Tiger Equipment Inc, a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of coral cocity 3.200 hour. Variable costs: Indirect factory wages $15.960 Power and light 11.024 Indirect materials 9.434 Total variable cost 537411 Fixed costs Supervisory salaries 510,240 Depreciation of plant and equipment 25 220 Insurance and property taxes 5.000 Totalfixed cost 44.520 Total factory overhead cost $81,978 During May, the department operated 5,600 standard hours. The factory overhead coats incurred were direct factory wages. 318.00:pmer and light. $11.440; Indirect materials, 510,200: supervisory salaries, $10,240; depreciation of plant and equipment, 126,270, and insurance and property taxes. $8,010 Required: Prepare a factory overhead cost variance report for May. To be useful for cost control the budgeted amounts should be baded on 5.600 hours Enter a favorable variance as a negative number using a minus sign and an unfavorable variancesportive robes Round your per unit computations to the nearest cent, if required. If an amount box does not require news Tiger Equipment Inc. Factory Overhead Cost Variance Report Welding Department For the Month Ended May 31 Normal capacity for the month 5,300 hrs Actual production for the month 5,600 hrs Unfavorable Favorable Actual Budget Variances Variances Variable costs: Indirect factory wages Power and light Indirect materials Total variable cost Fixed costs Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total feed cost 100 Doo QILI Q000 Total factory overhead cost Op Total controllable variances Excess hours used over normal at the standard rate for foued factory overhead

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

Financial Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

3rd Edition

0471372668, 978-0471372660

More Books

Students also viewed these Accounting questions

Question

Compare and contrast verbal and nonverbal codes

Answered: 1 week ago

Question

Define and discuss the nature of ethnocentrism and racism

Answered: 1 week ago

Question

Define and discuss racial and ethnic stereotypes across cultures

Answered: 1 week ago