ACCT 225 - Assignment 8-3

ACCT 225 - Assignment 8-3 - 1.10 Total variable cost...

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Problem 9-24A 1 Cost Formula Overhead Costs (per MH) Variable costs: Utilities  $2.40  Maintenance  1.20 Machine setup  0.50 Indirect labor   Total variable cost  5.20 Fixed costs: Maintenance  Indirect labor  Depreciation  Total fixed cost  Total overhead cost    1.10
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Seward Corporation Flexible Budget For the Month Ended June 30 Machine-Hours 15,000 20,000 25,000 $ 48,000 $ 60,000 18,000 24,000 30,000 7,500 10,000 12,500 65,000 65,000 65,000 210,000 210,000 210,000 $413,000  $439,000  $465,000  $ 36,000     16,500     22,000     27,500     78,000   104,000   130,000     60,000     60,000     60,000   335,000   335,000   335,000
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2 25,000 Actual machine-hours  18,000 Overhead Costs Variable costs Utilities  2.40 Maintenance  1.20 Machine setup  0.50 Indirect labor  5.20 Fixed costs Maintenance  Budgeted machine-hours  Cost Formula  (per MH)
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Unformatted text preview: 1.10 Total variable cost Indirect labor Depreciation Total fixed cost Total overhead cost Seward Corporation 30-Jun Actual 18,000 Hours $ 42,600 $ 43,200 23,100 (88100-65000=23100 var) 21,600 1,500 9,200 9,000 200 65,000 65,000 Overhead Performance Report Budget 18,000 Hours Spend Bud Varia $ 600 18,100 19,800 1,700 93,000 93,600 600 210,000 210,000 $428,200 $428,600 60,200 60,000 200 335,200 335,000 200 $ 400 F U U F F ding or dget iance U U F Question #3 In order to compute an overhead efficiency variance, we need to know the sta andard hours allowed for the 32,000 units produced during June....
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This note was uploaded on 05/02/2008 for the course ACCT 225 taught by Professor H during the Winter '08 term at Franklin.

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ACCT 225 - Assignment 8-3 - 1.10 Total variable cost...

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