At 7000 direct labor hours, the flexible budget for indirect materials is $14000. If $15400 are...
At 7000 direct labor hours, the flexible budget for indirect materials is $14000. If $15400 are incurred at 7400 direct labor hours, the flexible budget report should show the following difference for indirect materials:
$600 unfavorable.
$1400 favorable.
$1400 unfavorable.
$600 favorable.
Homework Answers
Indirect materials per direct labor hour = $14,000 / 7,000 = $2
Indirect materials for 7,400 direct labor hours = 7,400 * $2 = $14,800
Difference = Actual - Flexible
= $15,400 - $14,800
= $600
The answer is $600 Unfavorable
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A) Prepare a flexible budget performance report, assuming that
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(List variable costs before fixed
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Exercise 22-4 Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours....
Exercise 22-4
Myers 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
$1.00
Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,200, Depreciation
$1,800, and Property Taxes $600. The company believes it will
normally operate in a range of 7,000–13,000 direct labor hours per
month.
Assume that in July 2017, Myers Company incurs the following
manufacturing overhead costs.
Variable...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
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Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
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A) Prepare a flexible budget performance report, assuming that
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(List variable costs before fixed
costs.)
B) Prepare a flexible budget performance report, assuming that
the company worked 10,300 direct labor hours during the month.
(List variable costs before fixed
costs.
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Exercise 22-4
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based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Indirect labor
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Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,200, Depreciation
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normally operate in a range of 7,000–13,000 direct labor hours per
month.
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Variable...
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