1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tia_tia [17]
3 years ago
6

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). Wilson Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2014 is based on budgeted output of 672,000 units, requiring 3,360,000 DLH. The company is able to schedule production uniformly throughout the year.
A total of 72,000 output units requiring 321,000 DLH was produced during May 2014. Manufacturing overhead (MOH) costs incurred for May amounted to $ 355,800. The actual costs, compared with the annual budget and 1/12 of the annual budget, are as follows:
Calculate the following amounts for Wilson Products for May 2014:

Total Amount Per Output Unit Per DLH Input Unit Monthly MOH Budget May 2017 Actual MOH Costs for May 2017
Variable MOH
Indirect manufacturing labor $1,008,000 $1.50 $0.30 $84,000 $84,000
Supplies 672,000 1.00 0.2 56,000 117,000
Fixed MOH
Supervision 571,200 0.85 0.17 47,600 41,000
Utilities 369,600 0.55 0.11 30,800 55,000
Depreciation 705,600 1.05 0.21 58,800 88,800
Total $33,26,400 $4.95 $0.99 $277,200 $355,800

Required:
a. Total manufacturing overhead costs allocated.
b. Variable manufacturing overhead spending variance.
c. Fixed manufacturing overhead spending variance.
d. Variable manufacturing overhead efficiency variance.
e. Production-volume variance Be sure to identify each variance as favorable (F) or unfavorable(U).

Business
1 answer:
mrs_skeptik [129]3 years ago
5 0

Answer:

Please see attached solution

Explanation:

a. Total manufacturing overhead costs allocated $356,400

b. Variable manufacturing overhead spending variance $40,500U

c. Fixed manufacturing overhead spending variance $17,600U

d. Variable manufacturing overhead efficiency variance $19,500F

e. Production volume variance $39,200F

Please find attached detailed solution to the above questions

You might be interested in
If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan
Anni [7]

Answer:

7,540

Explanation:

Principle is $13,000

Rate is 5.8%

Time is 10 years

Therefore the simple interest can be calculated as follows

= principle × rate × time

= 13,000 × 5.8/100 × 10

= 13,000 × 0.058×10

= 7,540

Hence the simple interest is 7,540

4 0
3 years ago
Valutech Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the
lyudmila [28]

Answer:

$65 per unit

Explanation:

For computing the cost per unit first we have to determine the cost of goods manufactured which is shown below:

Cost of goods manufactured = Opening work in process + direct material cost + direct labor cost + manufacturing overhead cost - ending work in process

= $10,000 + $12,000 + $6,000 + $4,000 - $6,000

= $26,000

And, there is a production of 400 MP3 players

So, the cost per unit is

= $26,000 ÷ 400 MP3 players

= $65 per unit

8 0
2 years ago
At a price of $5/hour, bob wants to hire three workers. when the price rises to $7/hour, bob wants to hire only two workers. bob
Rashid [163]
$5 per worker
5*3=15
$7 per worker
7*2=14
total of what he pays the workers per hour
15+14=29
he pays the workers 29 dollars per hour
7 0
3 years ago
________ is a promotional tool in which a person communicates one-on-one with potential customers.
katen-ka-za [31]
I chose direct marketing
3 0
3 years ago
I need help with question 1 and 2!!
Mila [183]
Pneumonoultramicroscopicsilicovolcanoconiosis
5 0
3 years ago
Other questions:
  • What is capital budgeting?
    9·1 answer
  • Suppose your opportunity cost rate is 11 percent compounded annually. (a) How much must you deposit in an account today if you w
    9·1 answer
  • Adidas decides to invest $100,000,000 into a shoe factory in Vietnam from its money market account. The money market account was
    8·1 answer
  • Sam has contracted with dave to purchase dave's racing bike, with payment and delivery of the bicycle to be in 10 days. three da
    9·1 answer
  • What is the present value of $5,000 due in ten years assuming money grows according to compound interest and the annual effectiv
    12·1 answer
  • Given the following information, what is the market value of XYZ Corporation?Common stock 13.6 million shares outstanding, selli
    7·1 answer
  • Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity co
    9·1 answer
  • Carla Vista Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,480 per month. One of the
    6·1 answer
  • What are the key choices a company must make before reaching the final decision to go global?
    12·1 answer
  • 7200 shares of treasury stock of Coronado, Inc., previously acquired at $13 per share, are sold at $19 per share. The entry to r
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!