2241662-Module 5 Excercises BA225

2241662-Module 5 Excercises BA225 - Review Full Anonymous...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Review: Full, Anonymous: No  Module 5 Exercises Problem 1 Frizell Company is preparing its manufacturing overhead budget for 2011. Relevant data consist of the  following. Units to be produced (by quarters): 10,000, 12,000, 14,000, and 16,000 Direct labor: Time is 1.5 hours per unit Variable overhead costs per direct labor hour: Indirect materials $0.70; indirect labor $1.20; and maintenance  $0.50 Fixed overhead costs per quarter: Supervisory salaries $35,000; depreciation $16,000; and maintenance $12,000 Prepare the manufacturing overhead budget for the year, showing quarterly data. Problem 2 Jake Palermo has prepared the following list of statements about budgetary control. Identify each statement as  true  or  false . If false, indicate how to correct the statement. 1. Budget reports compare actual results with planned objectives.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Ask a homework question - tutors are online