Answer and Explanation:
The preparation of the factory overhead budget for August month is shown below:
Total budgeted direct labor $286,000
(5,500 × 4 hours × $13)
variable factory overhead 70%
Budgeted overhead $200,200 ($286,000 × 70%)
Add: Fixed overhead $179,000
Budgeted total factory overhead $379,200
Hence, the budgeted total factory overhead is $379,200
Answer: both internal and external inventories
Explanation: In simple words, supply chain inventories refers to the raw material, finished goods and work in process inventories like factors that together constitutes a supply chain.
Management of supply chain refers tot he process in which the organisation tries to control and maintain the flow of inventories from on stage to the other with the ultimate objective of keeping the supply of finished goods smooth throughout the period.
It starts from procuring the suitable raw materials in right quantity and right time after that it monitors the manufacturing unit so that production is done in appropriate time period and finally makes sure that finished goods will be supplied to the market as per the time period specified by the wholesalers or retailers.
Answer:
A. $192,000
Explanation:
The computation of the labor related overhead cost is shown below:
= (Labor related overhead cost) ÷ (Total direct labor hours) × direct labor hours of X
= ($480,000) ÷ (16,000 hours + 24,000 hours) × 16,000 hours
= $192,000
hence, the correct option is A.
Answer:
Maximum daily production rate= 6.125 units per day.
Minimum daily production rate= 75.38 units per day
Explanation:
Production rate is defined as the number of units of a product that is produced in a process in unit time.
In this instance we are to calculate the production rate per day.
It is given that a cycle consists of 40 activities. Completion time for 40 activities is 80 minutes.
Daily production rate = Total time of production/Time to complete one cycle
Maximum daily production rate= 490/80= 6.125 units per day.
Minimum daily production rate= 490/6.5= 75.38 units per day