Turner Products uses standard costing. it allocates manufacturing overheard (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH)
Turner Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: : (Click the icon to view the data.) Read the requirement. Data Table More Info Actual MOH Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Total Output Input MOH Budget Amount Unit Unit May 2017 Turner Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 648,000 units, requiring 3,888,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 70,000 output units requiring 316,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amounted to $407,920. Costs for culation. May 2017 costs allocated Variable MOH 1.80 $ 97,200 $ 97,200 Print Done Indirect manufacturing labor Supplies $ 1,166,400 $ 777,600 0.30 $ 0.20 mplete the table for varial 1.20 64,800 121,000 Fixed MOH 583,200 0.90 0.15 48,600 42.000 Supervision Utilities 0.10 388,800 1,088,640 0.60 1.68 32,400 90,720 57,000 90,720 0.28 Depreciation $ 4,004,640 $ 6.18 $ 1.03 $ 333,720 $ Total 407,920 Print Done Turner Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: (Click the icon to view the data.) Read the requirement. 1. Calculate total manufacturing overhead costs allocated Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount. Budgeted hours per unit Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. Total MOH costs allocated For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Actual input Actual costs Allocated Flexible budget incurred budgeted rate overhead Variable MOH Next complete the table for fixed MOH. Sama hudnated Turner Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: (Click the icon to view the data.) Read the requirement. Actual costs Flexible Allocated incurred budgeted rate budget overhead Variable MOH Next complete the table for fixed MOH. Same budgeted Actual costs lump sum regardless of output level Flexible Allocated incurred budget overhead Fixed MOH Now calculate the remaining listed amounts for Turner Products for May 2017. Be sure to identify each variance as favorable (F) or unfavorable (U). 2. The variable manufacturing overhead spending variance is 3. The fixed manufacturing overhead spending variance is 4. The variable manufacturing overhead efficiency variance is 5. The production-volume variance is Choose from any list or enter any number in the input fields and then continue to the next question. ? Turner Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: : (Click the icon to view the data.) Read the requirement. Data Table More Info Actual MOH Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Total Output Input MOH Budget Amount Unit Unit May 2017 Turner Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 648,000 units, requiring 3,888,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 70,000 output units requiring 316,000 DLH was produced during May 2017. Manufacturing overhead (MOH) costs incurred for May amounted to $407,920. Costs for culation. May 2017 costs allocated Variable MOH 1.80 $ 97,200 $ 97,200 Print Done Indirect manufacturing labor Supplies $ 1,166,400 $ 777,600 0.30 $ 0.20 mplete the table for varial 1.20 64,800 121,000 Fixed MOH 583,200 0.90 0.15 48,600 42.000 Supervision Utilities 0.10 388,800 1,088,640 0.60 1.68 32,400 90,720 57,000 90,720 0.28 Depreciation $ 4,004,640 $ 6.18 $ 1.03 $ 333,720 $ Total 407,920 Print Done Turner Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: (Click the icon to view the data.) Read the requirement. 1. Calculate total manufacturing overhead costs allocated Begin by computing the budgeted hours per unit. Determine the formula, then compute the amount. Budgeted hours per unit Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. Total MOH costs allocated For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Actual input Actual costs Allocated Flexible budget incurred budgeted rate overhead Variable MOH Next complete the table for fixed MOH. Sama hudnated Turner Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (Click the icon to view additional information.) The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows: (Click the icon to view the data.) Read the requirement. Actual costs Flexible Allocated incurred budgeted rate budget overhead Variable MOH Next complete the table for fixed MOH. Same budgeted Actual costs lump sum regardless of output level Flexible Allocated incurred budget overhead Fixed MOH Now calculate the remaining listed amounts for Turner Products for May 2017. Be sure to identify each variance as favorable (F) or unfavorable (U). 2. The variable manufacturing overhead spending variance is 3. The fixed manufacturing overhead spending variance is 4. The variable manufacturing overhead efficiency variance is 5. The production-volume variance is Choose from any list or enter any number in the input fields and then continue to the next
