6.42 1 points ! Required information [The following information applies to the questions displayed below.] Hart...
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6.42 1 points ! Required information [The following information applies to the questions displayed below.] Hart Company made 3,160 shelves using 22,160 pounds of wood costing $285,864. The company's direct materials standards for one shelf are 8 pounds of wood at $12.80 per pound. eBook Hint Hart Company uses a standard costing system. Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances. Print View transaction list References Journal entry worksheet A Record direct materials price and quantity variances. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal 2 Tempo Company's fixed budget (based on sales of 12,000 units) folllows. 6.42 points Skipped eBook Hint Print References Fixed Budget Sales (12,000 units x $204 per unit) Costs 2,448,000 Direct materials Direct labor Indirect materials 300,000 504,000 312,000 Supervisor salary 100,000 Sales commissions 84,000 Shipping 168,000 Administrative salaries 150,000 Depreciation-Office equipment 120,000 Insurance 90,000 Office rent 100,000 Income 520,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Variable costs Fixed costs TEMPO COMPANY Flexible Budget Variable Amount per Unit Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 10,000 14,000 0.00 0 0 6.42 1 points ! Required information [The following information applies to the questions displayed below.] Hart Company made 3,160 shelves using 22,160 pounds of wood costing $285,864. The company's direct materials standards for one shelf are 8 pounds of wood at $12.80 per pound. eBook Hint Hart Company uses a standard costing system. Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances. Print View transaction list References Journal entry worksheet A Record direct materials price and quantity variances. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal 2 Tempo Company's fixed budget (based on sales of 12,000 units) folllows. 6.42 points Skipped eBook Hint Print References Fixed Budget Sales (12,000 units x $204 per unit) Costs 2,448,000 Direct materials Direct labor Indirect materials 300,000 504,000 312,000 Supervisor salary 100,000 Sales commissions 84,000 Shipping 168,000 Administrative salaries 150,000 Depreciation-Office equipment 120,000 Insurance 90,000 Office rent 100,000 Income 520,000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a flexible budget at activity levels of 10,000 units and 14,000 units. Variable costs Fixed costs TEMPO COMPANY Flexible Budget Variable Amount per Unit Total Fixed Cost Flexible Budget for: Units Sales Unit Sales of of 10,000 14,000 0.00 0 0
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