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Annette [7]
3 years ago
11

Before the year​ began, Tardis Manufacturing estimated that manufacturing overhead for the year would be $175,700 and that 25,90

0 direct labor hours would be worked. Actual results for the year included the​ following:Actual manufacturing overhead cost $182,900Actual direct labor hours 20,900If the company allocates manufacturing overhead based on direct labor​ hours, the manufacturing overhead for the year would have been ?(Round intermediary calculations to the nearest​ cent.)A. $41,198 underallocated.B. $7,200 underallocated.C. $41,198 overallocated.D. $7,200 overallocated.
Business
1 answer:
____ [38]3 years ago
5 0
Sss#undeijideddede3dss
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3 0
3 years ago
Q1. Big Money Monster is a business school. The school bases its budgets on two measures of activity: number of students and num
maxonik [38]

Answer:

Big Money Monster

The spending variance for course supplies is:

$50 Unfavorable.

Explanation:

a) Data and Calculations:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20

Course supplies                $1,000             $10                  $50

Administrative expenses $2,000            $20                  $30

Budgeted number of students = 300

Budgeted number of courses = 15

Actual number of students = 280

Actual number of courses = 18

Actual Faculty wages = $4,200

Actual Course supplies = $4,800

Budgeted Costs:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20          $4,300

Course supplies                $1,000             $10                  $50            4,750

Administrative expenses $2,000            $20                  $30            8,450

Budgeted costs:

Faculty wages = $4,000 + $0 + $20 * 15 = $4,300

Course supplies = $1,000 + $10 * 300 + $50 * 15 = $4,750

Administrative expenses = $2,000 + $20 * 300 + $30 * 15 = $8,450

Budgeted Cost of Course Supplies = $4,750

Actual Cost of Course Supplies =         4,800

Spending variance for Course Supplies = 50 Unfavorable

4 0
3 years ago
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