Pinugo Company is preparing its factory overhead cost budget for the third quarter of 2008. The...
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Pinugo Company is preparing its factory overhead cost budget for the third quarter of 2008. The management plans to produce 200,000 units for the said quarter. Past experience has shown that the company's product is produced at the rate of 4 units per hour. Varlable rates per direct labor hour are as follows: Indirect materials and supplies P0.76 Power Repairs and maintenance Other varlable overhead Total P5.88 Total fixed overhead cost is budgeted at P147, 200. For product costing purposes, a fixed factory overhead rate of 3.20 per direct labor hour has been established. 6. How much is the total budgeted factory overhead for the quarter? 7. The total factory overhead cost per unit of product is 8. How much is the expected capacity variance? 1.36 2.80 0.96 9. Gargalicana Company is preparing its cash budget for the next year Budgeted sales for four months are as follows: April May June P80, 000 160,000 240,000 July 80,000 Fifty percent of total sales is cash sales. The balance, or the credit sales, is collected in the following manner: 70% in the month following the sale 20% in the second month following the sale 10% in the third month following the sale How much is the budgeted cash receipts in July? Pinugo Company is preparing its factory overhead cost budget for the third quarter of 2008. The management plans to produce 200,000 units for the said quarter. Past experience has shown that the company's product is produced at the rate of 4 units per hour. Varlable rates per direct labor hour are as follows: Indirect materials and supplies P0.76 Power Repairs and maintenance Other varlable overhead Total P5.88 Total fixed overhead cost is budgeted at P147, 200. For product costing purposes, a fixed factory overhead rate of 3.20 per direct labor hour has been established. 6. How much is the total budgeted factory overhead for the quarter? 7. The total factory overhead cost per unit of product is 8. How much is the expected capacity variance? 1.36 2.80 0.96 9. Gargalicana Company is preparing its cash budget for the next year Budgeted sales for four months are as follows: April May June P80, 000 160,000 240,000 July 80,000 Fifty percent of total sales is cash sales. The balance, or the credit sales, is collected in the following manner: 70% in the month following the sale 20% in the second month following the sale 10% in the third month following the sale How much is the budgeted cash receipts in July?
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