Belden Frozen Foods packages a variety of frozen meals and vegetables. In its Saratoga Street plant,...
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Belden Frozen Foods packages a variety of frozen meals and vegetables. In its Saratoga Street plant, the company packages frozen corn only. The cost analyst at the Saratoga plant has conducted an analysis of the plant overhead cost accounts. Partial information from the analysis, based on the month studied, is shown here: Fixed Portion Account Indirect labor Supervision Maintenance $ 44,560 17,260 ?? Depreciation 53,260 From this information, the cost analyst used the account analysis method to derive a cost estimation equation of the form Total cost Monthly fixed cost + (Variable cost per case x Number of cases) Using the newly derived equation, the cost analyst estimated overhead costs for the following two months: Variable Portion $ 53,740 a. Estimated variable overhead cost b. Estimated monthly fixed overhead cost c. Fixed maintenance cost d. Variable depreciation cost 18,540 32,620 ?? Estimated Production (cases) 80,000 100,000 Month 1 Month 2. Overhead Cost $ 292,140 318,940 In the month the study was conducted, the plant produced 89,300 cases. Required: a. What is the estimated variable overhead cost per case? Note: Round your answer to 2 decimal places. b. What is the estimated monthly fixed overhead cost? c. What was the fixed maintenance cost in the month the study was conducted? d. What was the variable depreciation cost in the month the study was conducted? per case $ 44,560 Indirect labor Supervision Maintenance Depreciation 17,260 ?? 53,260 From this information, the cost analyst used the account analysis method to derive a cost estimation equation of the form Total cost = Monthly fixed cost+ (Variable cost per case x Number of cases) Using the newly derived equation, the cost analyst estimated overhead costs for the following two months: Month 1 Month 2 Production (cases) 80,000 100,000 Estimated Overhead Cost $ 292,140 318,940 In the month the study was conducted, the plant produced 89,300 cases. $ 53,740. 18,540 32,620 ?? Required: a. What is the estimated variable overhead cost per case? Note: Round your answer to 2 decimal places. b. What is the estimated monthly fixed overhead cost? c. What was the fixed maintenance cost in the month the study was conducted? d. What was the variable depreciation cost in the month the study was conducted? a. Estimated variable overhead cost b. Estimated monthly fixed overhead cost c. Fixed maintenance cost d. Variable depreciation cost per case Belden Frozen Foods packages a variety of frozen meals and vegetables. In its Saratoga Street plant, the company packages frozen corn only. The cost analyst at the Saratoga plant has conducted an analysis of the plant overhead cost accounts. Partial information from the analysis, based on the month studied, is shown here: Fixed Portion Account Indirect labor Supervision Maintenance $ 44,560 17,260 ?? Depreciation 53,260 From this information, the cost analyst used the account analysis method to derive a cost estimation equation of the form Total cost Monthly fixed cost + (Variable cost per case x Number of cases) Using the newly derived equation, the cost analyst estimated overhead costs for the following two months: Variable Portion $ 53,740 a. Estimated variable overhead cost b. Estimated monthly fixed overhead cost c. Fixed maintenance cost d. Variable depreciation cost 18,540 32,620 ?? Estimated Production (cases) 80,000 100,000 Month 1 Month 2. Overhead Cost $ 292,140 318,940 In the month the study was conducted, the plant produced 89,300 cases. Required: a. What is the estimated variable overhead cost per case? Note: Round your answer to 2 decimal places. b. What is the estimated monthly fixed overhead cost? c. What was the fixed maintenance cost in the month the study was conducted? d. What was the variable depreciation cost in the month the study was conducted? per case $ 44,560 Indirect labor Supervision Maintenance Depreciation 17,260 ?? 53,260 From this information, the cost analyst used the account analysis method to derive a cost estimation equation of the form Total cost = Monthly fixed cost+ (Variable cost per case x Number of cases) Using the newly derived equation, the cost analyst estimated overhead costs for the following two months: Month 1 Month 2 Production (cases) 80,000 100,000 Estimated Overhead Cost $ 292,140 318,940 In the month the study was conducted, the plant produced 89,300 cases. $ 53,740. 18,540 32,620 ?? Required: a. What is the estimated variable overhead cost per case? Note: Round your answer to 2 decimal places. b. What is the estimated monthly fixed overhead cost? c. What was the fixed maintenance cost in the month the study was conducted? d. What was the variable depreciation cost in the month the study was conducted? a. Estimated variable overhead cost b. Estimated monthly fixed overhead cost c. Fixed maintenance cost d. Variable depreciation cost per case
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Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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