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ACC- Thome Company, DEWITT COMPANY and Cook Company

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Question;Thome Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows.Indirect labor$1.20Indirect materials0.80Utilities0.30Fixed overhead costs per month are: Supervision $4,478, Depreciation $1,698, and Property Taxes $543. The company believes it will normally operate in a range of 6,100?10,300 direct labor hours per month.Assume that in July 2014, Thome Company incurs the following manufacturing overhead costs.VariableFixed CostsCostsIndirect labor$10,457Supervision$4,478Indirectmaterials6,954Depreciation1,698Utilities2,249Property taxes543(a)Prepare a flexible budget performance report, assuming that the company wo during the month. (List variable costs before fixed costs.)THOME COMPANYManufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2014BudgetActual Costs$$Click if you wouldlike to Show Work Open Show Workfor this question:The actual selling expenses incurred in March 2014 by DeWitt Company are as follows.VariableExpensesFixed ExpensesSalescommissions$12,660Advertising12,000Depreciation7,158Travel8,470Insurance1,377Delivery3,476Salessalaries$35,202LINK TO TEXT(a)Prepare a flexible budget performance report for March, assuming that Marchcosts and their percentage relationship to sales are: Sales CommissionsDelivery 2%. Fixed selling expenses will consist of Sales Salaries $35,202, De$7,158, and Insurance on Delivery Equipment $1,377. (List variable costs beDEWITT COMPANYSelling Expense Flexible Budget ReportFor the Month Ended March 31, 2014BudgetActual$$$Click if you wouldlike to Show WorkOpen Show Workfor this question:The actual selling expenses incurred in March 2014 by DeWitt Company are as follows.VariableExpensesFixed ExpensesSalescommissions$12,660Advertising12,000Depreciation7,158Travel8,470Insurance1,377Delivery3,476Salessalaries$35,202LINK TO TEXT(a) Prepare a flexible budget performance report for March, assuming that March costs and their percentage relationship to sales are: Sales Commissions Delivery 2%. Fixed selling expenses will consist of Sales Salaries $35,202, De $7,158, and Insurance on Delivery Equipment $1,377. (List variable costs be;DEWITT COMPANYSelling Expense Flexible Budget ReportFor the Month Ended March 31, 2014BudgetActual$$$Click if you would like to Show WorkOpen Show Workfor this question:Cook Company estimates that 398,500 direct labor hours will be worked during the coming year, 2014, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year.Fixed OverheadVariable Overhead CostsCosts Supervision$92,880Indirect labor$171,355Depreciation71,040Indirect materials95,640Insurance26,400Repairs67,745Rent29,640Utilities79,700Property taxes17,640Lubricants39,850$237,600$454,290It is estimated that direct labor hours worked each month will range from 20,500 to 27,700 hours.During October, 20,500 direct labor hours were worked and the following overhead costs were incurred.Fixed overhead costs: Supervision $7,740, Depreciation $5,920, Insurance $2,174, Rent $2,470, and Property taxes $1,470.Variable overhead costs: Indirect labor $9,800, Indirect materials, $4,615, Repairs $3,445, Utilities $4,526, andLubricants $2,349.LINK TO TEXTLINK TO VIDEO(a) Prepare a monthly manufacturing overhead flexible budget for each incremen the relevant range for the year ending December 31, 2014. (List variable cost COOK COMPANYPackaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2014

 

Paper#44152 | Written in 18-Jul-2015

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