Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 10,000 hours of productive capacity in the department:
| Variable overhead cost: | ||
| Indirect factory labor | $86,000 | |
| Power and light | 4,100 | |
| Indirect materials | 31,000 | |
| Total variable overhead cost | $121,100 | |
| Fixed overhead cost: | ||
| Supervisory salaries | $42,390 | |
| Depreciation of plant and equipment | 26,640 | |
| Insurance and property taxes | 16,950 | |
| Total fixed overhead cost | 85,980 | |
| Total factory overhead cost | $207,080 |
Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 8,000, 10,000, and 12,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers.
| Leno Manufacturing Company | |||
| Factory Overhead Cost Budget-Press Department | |||
| For the Month Ended November 30 | |||
| Direct labor hours | 8,000 | 10,000 | 12,000 |
| Variable overhead cost: | |||
| Indirect factory labor | $ | $ | $ |
| Power and light | |||
| Indirect materials | |||
| Total variable factory overhead | $ | $ | $ |
| Fixed factory overhead cost: | |||
| Supervisory salaries | $ | $ | $ |
| Depreciation of plant and equipment | |||
| Insurance and property taxes | |||
| Total fixed factory overhead | $ | $ | $ |
| Total factory overhead cost | $ | $ | $ |
In: Accounting
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 11,000 hours of productive capacity in the department:
| Variable overhead costs: | ||
| Indirect factory labor | $95,700 | |
| Power and light | 3,850 | |
| Indirect materials | 27,500 | |
| Total variable overhead cost | $127,050 | |
| Fixed overhead costs: | ||
| Supervisory salaries | $44,470 | |
| Depreciation of plant and equipment | 27,950 | |
| Insurance and property taxes | 17,790 | |
| Total fixed overhead cost | 90,210 | |
| Total factory overhead cost | $217,260 |
Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 9,000, 11,000, and 13,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers.
| Leno Manufacturing Company | |||
| Factory Overhead Cost Budget-Press Department | |||
| For the Month Ended November 30 | |||
| Direct labor hours | 9,000 | 11,000 | 13,000 |
| Variable overhead costs: | |||
| Indirect factory labor | $ | $ | $ |
| Power and light | |||
| Indirect materials | |||
| Total variable factory overhead | $ | $ | $ |
| Fixed factory overhead costs: | |||
| Supervisory salaries | $ | $ | $ |
| Depreciation of plant and equipment | |||
| Insurance and property taxes | |||
| Total fixed factory overhead | $ | $ | $ |
| Total factory overhead | $ | $ | $ |
In: Accounting
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 13,000 hours of productive capacity in the department:
| Variable overhead cost: | ||
| Indirect factory labor | $118,300 | |
| Power and light | 4,030 | |
| Indirect materials | 32,500 | |
| Total variable overhead cost | $154,830 | |
| Fixed overhead cost: | ||
| Supervisory salaries | $54,190 | |
| Depreciation of plant and equipment | 34,060 | |
| Insurance and property taxes | 21,680 | |
| Total fixed overhead cost | 109,930 | |
| Total factory overhead cost | $264,760 |
Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 11,000, 13,000, and 15,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers.
| Leno Manufacturing Company | |||
| Factory Overhead Cost Budget-Press Department | |||
| For the Month Ended November 30 | |||
| Direct labor hours | 11,000 | 13,000 | 15,000 |
| Variable overhead cost: | |||
| Indirect factory labor | $ | $ | $ |
| Power and light | |||
| Indirect materials | |||
| Total variable factory overhead | $ | $ | $ |
| Fixed factory overhead cost: | |||
| Supervisory salaries | $ | $ | $ |
| Depreciation of plant and equipment | |||
| Insurance and property taxes | |||
| Total fixed factory overhead | $ | $ | $ |
| Total factory overhead | $ | $ | $ |
In: Accounting
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 20,000 hours of productive capacity in the department:
| Variable overhead costs: | ||
| Indirect factory labor | $180,000 | |
| Power and light | 12,000 | |
| Indirect materials | 64,000 | |
| Total variable overhead cost | $256,000 | |
| Fixed overhead costs: | ||
| Supervisory salaries | $ 80,000 | |
| Depreciation of plant and equipment | 50,000 | |
| Insurance and property taxes | 32,000 | |
| Total fixed overhead cost | 162,000 | |
| Total factory overhead cost | $418,000 |
Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 18,000, 20,000, and 22,000 hours of production. Enter all amounts as positive numbers. Round your interim computations to the nearest cent, if required.
| Leno Manufacturing Company | |||
| Factory Overhead Cost Budget-Press Department | |||
| For the Month Ended November 30 | |||
| Direct labor hours | 18,000 | 20,000 | 22,000 |
| Variable overhead costs: | |||
| Indirect factory labor | $ | $ | $ |
| Power and light | |||
| Indirect materials | |||
| Total variable factory overhead | $ | $ | $ |
| Fixed factory overhead costs: | |||
| Supervisory salaries | $ | $ | $ |
| Depreciation of plant and equipment | |||
| Insurance and property taxes | |||
| Total fixed factory overhead | $ | $ | $ |
| Total factory overhead | $ | $ | $ |
In: Accounting
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 10,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $90,000 Power and light 3,200 Indirect materials 25,000 Total variable overhead cost $118,200 Fixed overhead cost: Supervisory salaries $41,370 Depreciation of plant and equipment 26,000 Insurance and property taxes 16,550 Total fixed overhead cost 83,920 Total factory overhead cost $202,120 Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 8,000, 10,000, and 12,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers. Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours 8,000 10,000 12,000 Variable overhead cost: Indirect factory labor $ $ $ Power and light Indirect materials Total variable factory overhead $ $ $ Fixed factory overhead cost: Supervisory salaries $ $ $ Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead $ $ $ Total factory overhead $ $ $
In: Accounting
Question one
For this question, refer to the Bank of Ghana’s Monetary Policy
Committee Press Release of March 18, 2020.
a) In ordinary language, explain the meaning of monetary policy.
What is the difference between monetary policy and fiscal
policy?
b) Explain the difference between monetary loosening and monetary
tightening.
c) According to the statement, the MPC reduced the monetary policy
rate by 150 basis points. Does this constitute a monetary loosening
or monetary tightening? Explain
d) When deciding whether to tighten or loosen monetary policy,
central banks weigh the relative risks to price stability and
growth. Mention two indicators that the MPC use to gauge the risk
to inflation and two indicators the MPC use to gauge the risk to
growth.
e) Based on the information in the Press Release, in the thinking
of the MPC did the risk to growth outweighed the risk to inflation
or vice versa? Refer to specific points from the press release to
back up your argument.
f) Using the money market diagram, explain the effect of this
policy measure on the real interest rate and real money
holdings.
g) In ordinary language, explain how the reduction in the Monetary
Policy Rate will help the relative risk identified in part (e)
above.
h) In addition to the reduction in MPR, the MPC also reduced the
Primary reserve requirement from 10% to 8%. Explain how this
In: Economics
in R.
Estimate, by simulation, the average number of children there would be in a family if all people had children until they had a girl. Do the same if all people had children until they had at least one boy and at least one girl. How many more children would you expect to find under the second scheme than under the first in 100,000 families? (Assume that girls and boys are equally likely.)
In: Statistics and Probability
1. A married couple decides that they will continue to have children until they have 3 girls. It is assumed that having a boy or a girl is equally likely.
a. What is the probability that the couple has 5 children until they have 3 girls? (specify the variable and what distribution is being used)
b. How many children does this couple expect to have until they have girls? (specify the variable and what distribution is being used)
In: Statistics and Probability
please write in c++
2. Write a function sumOfArray that recursively finds the sum of a one-dimensional array. A sample run is below.
|
The elements of the array are: 0 8 -4 6 7 The sum of the array is: 17 Press any key to continue . . . |
In: Computer Science
Von Maur average weeks sales in 2017 were $1,336,780. The CEO stated in a press conference today that FY 2018 sales are forecasted to increase 4.35% increase. What would the average weekly sales be in FY 2018?
Please show work!
In: Finance