Question
Urgent pleas The following budget data pertain to the Machining Department of Grind Company: Maximum capacity 61,000 units Machine hours per unit 2.50 Variable factory
Urgent pleas
The following budget data pertain to the Machining Department of Grind Company:
Maximum capacity | 61,000 | units |
---|---|---|
Machine hours per unit | 2.50 | |
Variable factory overhead | $ 2.80 | per machine hour |
Fixed factory overhead | $ 435,000 |
The company prepared the budget at 75% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production. The budgeted total factory overhead for the Machining Department is:
Multiple Choice
$912,750.
$737,750.
$746,250.
$755,250.
$479,850
Information concerning Johnston Company's direct materials costs is as follows:
Standard price per pound | $ 7.85 | |
---|---|---|
Actual quantity purchased | 3,400 | pounds |
Actual quantity used in production | 3,300 | pounds |
Units of product manufactured | 840 | |
Materials purchase-price variancefavorable | $ 995 | |
Budget data for the period: | ||
Units to manufacture | 1,140 | |
Units of direct materials | 4,560 | pounds |
The direct materials usage variance for the period is:
Multiple Choice
$416.00 favorable.
$471.00 favorable.
$416.00 unfavorable.
$471.00 unfavorable.
$681.00 favorable.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started