Im only missing a few, please help me out in the same format please. Thanks! Que
ID: 2591308 • Letter: I
Question
Im only missing a few, please help me out in the same format please. Thanks!
Question 1 Bumblebee Company estimates that 362,200 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year Fixed Overhead Costs Variable Overhead Costs Supervision Depreciation Insurance Rent Property taxes $159,368 94,172 50,708 54,330 25,354 $383,932 $93,840 Indirect labor 71,520 Indirect materials 24,360 Repairs 19,920 Utilities 15,960 Lubricants $225,600 It is estimated that direct labor hours worked each month will range from 28,000 to 38,500 hours. During October, 28,000 direct labor hours were worked and the following overhead costs were incurred Fixed overhead costs: supervision $7,820, Depreciation $5,960, Insurance $1,985, Rent $1,660, and Property taxes $1,330. Variable overhead costs: Indirect labor 13,310, Indirect materials, $6,940, Repairs $3,880, Utilities $4,560, and Lubricants $2,360.Explanation / Answer
As per Your Calculation of Budgeted figures
As per My calculation of Budgeted Figures
Particulars Budget Actual Cost Difference Amount Favourable or unfavourable neither both Direct Labour Hours 28000 28000 variable Cost Indirect material 7280 6940 340 Favourable Indirect labour 12320 13310 -990 Unfavourabe repairs 3920 3880 40 Favourable utilities 4200 4560 -360 Unfavourabe Lubricants 1960 2360 -400 Unfavourabe Total variable Cost 29680 31050 -1370 Unfavourabe Fixed Cost Supervision Cost 7820 7820 0 Neither Unfavourable nor Favourable Depreciation 5960 5960 0 Neither Unfavourable nor Favourable Insurance 1985 1985 0 Neither Unfavourable nor Favourable Rent 1660 1660 0 Neither Unfavourable nor Favourable Property taxes 1330 1330 0 Neither Unfavourable nor Favourable Total Fixed Cost 18755 18755 0 Neither Unfavourable nor Favourable Total Cost 48435 49805 -1370 Unfavourabe