Question
In: Accounting
Halle Brothers Water Pump Company, Inc. uses a flexible budget for manufacturing overhead based on machine...
Halle Brothers Water Pump Company, Inc. uses a flexible budget
for manufacturing overhead based on machine hours. Variable
manufacturing overhead costs per machine hour are as follows:
Indirect labor$5.00
Indirect materials2.50
Maintenance.80
Utilities.30
Fixed overhead costs per month are:
Supervision$2,800
Insurance1,200
Property taxes700
Depreciation1,500
The company believes it will normally operate in a range of
2,000 to 5,000 machine hours per month.
Required
1. Prepare a flexible manufacturing overhead budget for the
expected range of activity, using increments of 1,000 machine
hours.
Solutions
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ekkarill92 answered 1 year agoRelated Solutions
Halle Brothers Water Pump Company, Inc. uses a flexible budget for manufacturing overhead based on machine...
Halle Brothers Water Pump Company, Inc. uses a flexible budget
for manufacturing overhead based on machine hours. Variable
manufacturing overhead costs per machine hour are as follows:
Indirect labor$5.00
Indirect materials2.50
Maintenance.80
Utilities.30
Fixed overhead costs per month are:
Supervision$2,800
Insurance1,200
Property taxes700
Depreciation1,500
The company believes it will normally operate in a range of
2,000 to 5,000 machine hours per month.
Required
2. Prepare a budget report with variances based on the actual
costs incurred as detailed below when...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
$1.10
Indirect materials
0.50
Utilities
0.40
Fixed overhead costs per month are Supervision $3,900, Depreciation
$1,100, and Property Taxes $700. The company believes it will
normally operate in a range of 5,900–9,800 direct labor hours per
month.
Assume that in July 2020, Myers Company incurs the following
manufacturing overhead costs.
Variable Costs
Fixed...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
$1.20
Indirect materials
0.80
Utilities
0.40
Fixed overhead costs per month are Supervision $3,600, Depreciation
$1,000, and Property Taxes $900. The company believes it will
normally operate in a range of 8,000–13,700 direct labor hours per
month.
Assume that in July 2020, Myers Company incurs the following
manufacturing overhead costs.
Variable Costs
Fixed...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows: Indirect labor $1.00 Indirect
materials 0.50 Utilities 0.30 Fixed overhead costs per month are
Supervision $4,400, Depreciation $1,100, and Property Taxes $900.
The company believes it will normally operate in a range of
7,500–10,500 direct labor hours per month. Prepare a monthly
manufacturing overhead flexible budget for 2020 for the expected
range of activity, using...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
$ 1.10
Indirect materials
0.50
Utilities
0.40
Fixed overhead costs per month are Supervision $ 3,900 ,
Depreciation $ 1,100 , and Property Taxes $ 700 . The company
believes it will normally operate in a range of 5,900 – 9,800
direct labor hours per month.
Assume that in July 2017, Myers Company...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
$ 1.00
Indirect materials
0.50
Utilities
0.30
Fixed overhead costs per month are Supervision $ 3,500 ,
Depreciation $ 1,000 , and Property Taxes $ 500 . The company
believes it will normally operate in a range of 5,500 – 8,500
direct labor hours per month.
Assume that in July 2017, Myers Company...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
$1.00
Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,000, Depreciation
$1,200, and Property Taxes $800. The company believes it will
normally operate in a range of 7,000–10,000 direct labor hours per
month.
Assume that in July 2020, Myers Company incurs the following
manufacturing overhead costs.
Variable Costs
Fixed...
Snyder Stampings allocates overhead to products based on machine hours. It uses a flexible overhead budget...
Snyder Stampings allocates overhead to
products based on machine hours. It uses a flexible overhead budget
to calculate a predetermined overhead rate at the beginning of the
year. This rate is used during the year to allocate overhead to the
various stampings produced. The following table summarizes
operations for the last year:
Budgeted fixed
overhead
$ 3,800,000
Over-absorbed overhead
variance
$ 220,000
Actual machine
hours
46,000
Variable overhead per machine
hour
$ 100
Actual overhead
incurred
$ 8,750,000
Required:
In...
Webster Manufacturing uses a flexible budget for manufacturing costs based on machine hours. Variable manufacturing costs...
Webster Manufacturing uses a flexible budget for manufacturing
costs based on machine hours. Variable manufacturing costs per
machine hour are as follows:
Indirect
labor $5.00
Indirect
materials 2.50
Maintenance .50
Utilities .30
Fixed costs per month are:
Supervision $1,200
Insurance 400
Property
taxes 600
Depreciation 1,800
Part A: The Company believes it will
normally operate in a range of 4,000 to 8,000 machine hours per
month, selling at a price of $10 per machine hour.
Instructions
Prepare a flexible budget using increments of 2,000 machine
hours within the activity...
Exercise 22-4 Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours....
Exercise 22-4 Myers Company uses a flexible budget for
manufacturing overhead based on direct labor hours. Variable
manufacturing overhead costs per direct labor hour are as follows.
Indirect labor $1.10 Indirect materials 0.80 Utilities 0.40 Fixed
overhead costs per month are Supervision $4,000, Depreciation
$1,300, and Property Taxes $800. The company believes it will
normally operate in a range of 7,600–10,600 direct labor hours per
month. Assume that in July 2017, Myers Company incurs the following
manufacturing overhead costs. Variable...
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