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Total direct
labor cost

1st Quarter

 

$

34,800

2nd Quarter

 

$

31,200

3rd Quarter

 

$

31,200

4th Quarter

 

$

31,650

Year

 

$

128,850



http://mh10.brownstone.net/modules/skin/images/grading/incorrect.gif

Total grade: 0.0×1/5 + 0.0×1/5 + 0.0×1/5 + 0.0×1/5 + 0.0×1/5 = 0% + 0% + 0% + 0% + 0%

Feedback:




Assuming that the direct labor workforce is not adjusted each quarter and that overtime wages are paid, the direct labor budget is:







 

1st
Quarter

2nd
Quarter

3rd
Quarter

4th
Quarter

Year

Units to be produced

 

8,000

 

6,500

 

7,000

 

7,500

 

 

Direct labor time per unit (hours)

 

× 0.35

 

× 0.35

 

× 0.35

 

× 0.35

 

 

Total direct labor hours needed

 

2,800

 

2,275

 

2,450

 

2,625

 

 

Regular hours paid

 

2,600

 

2,600

 

2,600

 

2,600

 

 

Overtime hours paid

 

200

 

0

 

0

 

25

 

 

Wages for regular hours (@ $12.00 per hour)

$

31,200

$

31,200

$

31,200

$

31,200

$

124,800

Overtime wages (@ 1.5 hours × $12.00 per hour)

 

3,600

 

0

 

0

 

450

 

4,050

Total direct labor cost

$

34,800

$

31,200

$

31,200

$

31,650

$

128,850














Question 5: Score 0/4










Your response

Correct response

Exercise 9-5 Manufacturing Overhead Budget [LO6]

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:







 

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Budgeted direct labor-hours

8,000

8,200

8,500

7,800



The company's variable manufacturing overhead rate is $3.25 per direct labor-hour and the company's fixed manufacturing overhead is $48,000 per quarter. The only non cash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter.




Requirement 1:

Compute the company's manufacturing overhead budget for the upcoming fiscal year. (Omit the "$" sign in your response.)










Cash disbursements for manufacturing overhead

1st Quarter

$

  1   (0%)

2nd Quarter

$

  1   (0%)

3rd Quarter

$

  1   (0%)

4th Quarter

$

  1   (0%)

Year

$

  1   (0%)




Exercise 9-5 Manufacturing Overhead Budget [LO6]

The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours:







 

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Budgeted direct labor-hours

8,000

8,200

8,500

7,800



The company's variable manufacturing overhead rate is $3.25 per direct labor-hour and the company's fixed manufacturing overhead is $48,000 per quarter. The only non cash item included in fixed manufacturing overhead is depreciation, which is $16,000 per quarter.




Requirement 1:

Compute the company's manufacturing overhead budget for the upcoming fiscal year. (Omit the "$" sign in your response.)










Cash disbursements for manufacturing overhead

1st Quarter

$

58,000

2nd Quarter

$

58,650

3rd Quarter

$

59,625

4th Quarter

$

57,350

Year

$

233,625




http://mh10.brownstone.net/modules/skin/images/grading/incorrect.gif

Total grade: 0.0×1/5 + 0.0×1/5 + 0.0×1/5 + 0.0×1/5 + 0.0×1/5 = 0% + 0% + 0% + 0% + 0%

Feedback:




Yuvwell Corporation
Manufacturing Overhead Budget




1st
Quarter

2nd
Quarter

3rd
Quarter

4th
Quarter

Year

Budgeted direct labor-hours




8,000




8,200




8,500




7,800




32,500

Variable overhead rate

$

× 3.25

$

× 3.25

$

× 3.25

$

× 3.25

$

× 3.25

Variable manufacturing overhead

$

26,000

$

26,650

$

27,625

$

25,350

$

105,625

Fixed manufacturing overhead




48,000




48,000




48,000




48,000




192,000

Total manufacturing overhead




74,000




74,650




75,625




73,350




297,625

Less depreciation




16,000




16,000




16,000




16,000




64,000

Cash disbursements for manufacturing overhead

$

58,000

$

58,650

$

59,625

$

57,350

$

233,625



















Your response

Correct response

Requirement 2:

Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)







Manufacturing overhead rate for the year

$

  1   (0%)




Requirement 2:

Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)







Manufacturing overhead rate for the year

$

9.16




http://mh10.brownstone.net/modules/skin/images/grading/incorrect.gif

Total grade: 0.0×1/1 = 0%

Feedback:




 

Total budgeted manufacturing overhead for the year (a)

$

297,625

Total budgeted direct labor-hours for the year (b)

 

32,500

Manufacturing overhead rate for the year (a) ÷ (b)

$

9.16














Question 6: Score 0/4










Your response

Correct response

Exercise 9-6 Selling and Administrative Expense Budget [LO7]

The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below:







 

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Budgeted unit sales

15,000

16,000

14,000

13,000



The company's variable selling and administrative expense per unit is $2.50. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $8,000 will be paid in the second quarter.

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