Question: A company's planned activity level for next year is expected to be 200,000 machine hours. At this level of activity, the company budgeted the following

A company's planned activity level for next year is expected to be 200,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs:

Variable Fixed

Indirect materials $280,000 Depreciation $120,000

Indirect labor 400,000 Taxes 20,000

Factory supplies 40,000 Supervision 100,000

A flexible budget prepared at the 160,000 machine hours level of activity would show total manufacturing overhead costs of

a. $576,000.

b. $720,000.

c. $768,000.

d. $816,000.

A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month, 1,500 pounds of direct materials were purchased for $5,700. The direct materials price variance for last month was

a. $5,700 favorable.

b. $300 favorable.

c. $150 favorable.

d. $300 unfavorable.

A company budgeted unit sales of 204,000 units for January, 2013 and 240,000 units for February, 2013. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 61,200 units of inventory on hand on December 31, 2013, how many units should be produced in January, 2013 in order for the company to meet its goals?

a. 214,800 units

b. 204,000 units

c. 193,200 units

d. 276,000 units

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 80,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for materials for June were

a. 90,000 equivalent units.

b. 100,000 equivalent units.

c. 104,000 equivalent units.

d. 80,000 equivalent units.

Mah, Inc. completed Job No. B14 during 2013. The job cost sheet listed the following:

Direct materials $55,000

Direct labor $30,000

Manufacturing overhead applied $20,000

Units produced 3,000 units

Units sold 1,800 units

How much is the cost of the finished goods on hand from this job?

a. $105,000

b. $63,000

c. $42,000

d. $51,000

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