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Blababa [14]
3 years ago
10

Venetian Company has two production departments, Fabricating and Assembling. At a department managers meeting, the controller us

es flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following.
1. At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $ 53,000 in the Fabricating Department and $ 43,000 in the Assembling Department.
2. At normal capacity of 46,100 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $ 131,370 in the Fabricating Department, and $ 93,710 in the Assembling Department.
State the total budgeted cost formula for each department, round to 2 decimal place.
Fabricating Department = $_____ _____ +total _____ of $_____ per direct labor hours
Assembling Department = $_____ _____ +total _____ of $_____ per direct labor hours
Compute the total budgeted cost for each department, assuming actual direct labor hours worked were 49,100 and 43,100, in the Fabricating and Assembling Departments, respectively.
Fabricating Department Assembling Department
The total budgeted cost $__________________ $__________________
Business
1 answer:
olchik [2.2K]3 years ago
6 0

Answer:

Fabricating Department = $136470=   53000 +total 49100 of $1.7 per direct labor hours

Assembling Department = $$ 90,410= 43000 +total 43100  of $ 1.10 per direct labor hours

Explanation:            

<em>When a fixed line intersects a vertical axis at the point of total budgeted cost line represents total cost of the activity . From this we can calculate the following.</em>

                                                          Fabricating            Assembling

Total Cost for 46100 DLH            $131,370                    $93,710

Fixed Costs                                     (53000)                     (43,000)

Variable Costs                               78370                        50,710

Variable Cost Per hour                78370 / 46100          50,710  / 46100

                                                      = $ 1.7                        = $1.10

                                                    Fabricating            Assembling

Total DLH                                        49100                   43100

Variable Cost Per hour                  $ 1.7                          $1.10

Variable Costs                                $ 83470                 $ 47410

Fixed Costs                                     53000                     43,000

Total Budgeted Cost                      136470                    $ 90,410

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