Web1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. WebCost Behavior Period ( Selling or Product Cost Cost Item Administrative) Variable Fixed Cost Direct Indirect Direct labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment Lease cost, factory equipment Indirect materials, factory Depreciation ...
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Webmixed, fixed, and variable. d. Variable, fixed, ... Variable Cost per Unit Total Fixed Cost Total Cost (@ 5,000 units) Direct labor (variable) $69,000 $92,000 Factory supervision (semi-variable) 50,000 65,000 Factory depreciation (fixed) 39,000 39,000 23 ... WebIf fixed costs equal $120, variable costs equal $800, and output is 10, average variable cost equals: a.) $92. b.) $120. c.) $80. d.) $40. Briefly describe variable, fixed, mixed, …
Web54. In the Dichter Co., indirect labor is budgeted for $72,000 and factory supervision is budgeted for $24,000 at normal capacity of 160,000 direct labor hours. If 180,000 direct labor hours are worked, ... Materials $ 10,416 Labor 31,899 Variable overhead 20,615 Fixed overhead 44,485 Total $107,415 Sandhill also incurs 7% sales commission ($0. ... WebDirect labor Advertising Factory supervision Property taxes, factory building Sales commissions Insurance, factory Depreciation, administrative office equipment ... Variable $522, Product Cost - Fixed $282, Total Product Costs $804, Annual Demand for Patios $4,200 Sets Average Product Cost per set $ Given Change: $1,
Web1) Three types of costs accumulated on job cost records that include direct materials, and: a. variable factory overhead; fixed factory overhead b. direct labor; budgeted factory overhead c. direct ; Job 196 was charged $41,000 for direct materials and $38,000 for direct labor. The total charges to the job-cost record for job 196 were $134,000. WebVariable-per direct labor hour indirect labor $0.44, indirect materials $0.48, factory utilities $0.32, and factory repairs $0.25. Fixed: same as budgeted. Fixed: same as budgeted. (a) & ( b ) (a) Prepare a monthly manufacturing overhead flexible budget for the year ending December 31, 2024, assuming production levels range from 35,000 to ...
WebMay 4, 2024 · A company’s planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed Indirect materials $50000 Depreciation $37500 Indirect labor 80000 Taxes 7500 Factory supplies 9000 Supervision 30000
WebMar 9, 2024 · Factory overheads may be classified based on the following: By Nature Indirect materials Indirect labor Indirect expenses By Normality Normal factory … recyclinghof laudaWebAnnual budgeted overhead costs total 787,200, of which 556,800 is fixed overhead. A total of 119,400 units using 478,000 direct labor hours were produced during the year. Actual variable overhead costs for the year were 230,600, and actual fixed overhead costs were 556,250. Required: 1. Compute the fixed overhead spending and volume variances. klga whitestone climbWebThe per unit variable factory overhead is $8.00 ($64,000 ÷ 8,000). Therefore, for 9,000 units produced, variable factory overhead was expected to be $72,000 ($8.00 X 9,000). … recyclinghof leipzigWebEnter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost ora product cost. klgates.com seattleWebLewistown Company is producing a subassembly used in the production of a product. The costs incurred for the subassembly follow: Per Unit Direct materials $5.00 Direct labor 3.50 Variable factory overhead 2.00 Fixed supervisor salary 4.00 Depreciation exp; Which of the following is an example of a period cost for a manufacturing company? A. klgcc business centreWebCost of new equipment needed $ 420.000 Sale of old equipment no longer needed $ 80.000 Working capital needed $ 65.000 Equipment maintenance in each of Years 3 … recyclinghof lankenWeb83. A company’s planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed Indirect materials $120,000 Depreciation $50,000 Indirect labor 160,000 Taxes 10,000 Factory supplies 20,000 Supervision 40,000 A flexible budget … klgb inc new smyrna beach fl