Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wilson 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

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Wilson 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. - Actual DLH Budgeted hours per unit Budgeted DLH 1,008,000 56,000 180 Now calculate the total manufacturing overhead (MOH) costs allocated. Determine the formula, then complete the calculation. Actual hrs per unit Total MOH costs allocated Budgeted hrs per unit 10 Budgeted MOH per DHL 180 X For items 2 through 5, complete the following tables before calculating the remaining amounts in the requirement. Complete the table for variable MOH. Choose from any list or enter any number in the input fields and then continue to the next question. ? PEDRO Resu....docx Show All Wilson 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. me calculation, Total Moh costs Actual hrs per unit X Budgeted hrs per unit allocated Budgeted MOH per DHL 180 X 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 X Flexible Allocated incurred budgeted rate budget overhead Variable MOH Next complete the table for fixed MOH. Sama hudrated Choose from any list or enter any number in the input fields and then continue to the next question. ? Wilson 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 input Actual costs X Flexible Allocated incurred budgeted rate budget overhead Variable MOH Next complete the table for fixed MOH. Same budgeted lump sum Actual costs regardless of Flexible Allocated incurred output level budget overhead Fixed MOH inte fA-IARRARD-adrato fa- NA, 47 Dentaidentificar Choose from any list or enter any number in the input fields and then continue to the next question. ? PEDRO Resu....docx Show All Wilson 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. Jame puugeleu lump sum Actual costs regardless of Flexible Allocated incurred output level budget overhead Fixed MOH Now calculate the remaining listed amounts for Wilson Products for May 2017. Be sure to identify each variance as favorable (F) or unfavorable (U). U 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 F F Choose from any list or enter any number in the input fields and then continue to the next question. 0 ? PEDRO Resu....docx Show All X Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing Labor bours (DLL 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.) (Clid Requirement Fixed M Calculate the following amounts for Wilson Products for May 2017 1. Total manufacturing overhead costs allocated 2. Variable manufacturing overhead spending variance 3. Fixed manufacturing overhead spending variance 4. Variable manufacturing overhead efficiency variance 5. Production-volume variance Be sure to identify each variance as favorable (F) or unfavorable (U). Now cald variance 2. The 3. The 4. The Print Done 5. The production ume variance is Choose from any list or enter any number in the input fields and then continue to the next question. ? Denno 1 Data Table Annual Manufacturing Overhead Budget 2017 - Per Per DLH Monthly Actual MOH Total Output Input MOH Budget Costs for Amount Unit Unit May 2017 May 2017 Variable MOH Indirect manufacturing labor oc $ 1,008,000 $ 1.50 $ 0.30 $ 84,000 $ 84,000 Supplies 672,000 1.00 0.20 56,000 117,000 Fixed MOH 571,200 0.85 0.17 47,600 41,000 Supervision Utilities 100 0.55 0.11 369,600 705,600 30,800 58,800 55,000 58,800 Depreciation 1.05 0.21 Total $ 3,326,400 $ 4.95 $ 0.99 $ 277,200 $ 355,800 000 C Print Done ? PEDRO Resu....docx Show All OCT

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

For Wahlen/jones/pagachs Intermediate Accounting Reporting And Analysis, , 2 Terms

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

2nd Edition

1305405676, 9781305405677

More Books

Students also viewed these Accounting questions

Question

How can partnership profits and losses be allocated?

Answered: 1 week ago

Question

=+ Do you think it is a wise investment of the firm?

Answered: 1 week ago