Indirect labor costs1 beres corporation has developed the

Reference no: EM13361348

Indirect labor costs

1. Beres Corporation has developed the following flexible budget formula for annual indirect labor cost:

Total costs = $9,600 + $0.75 per machine hour
Operating budgets for the current month are based on 30,000 hours of planned machine time. The amount of indirect labor costs included in this planned budget is

A. $2,425. C. $23,300.
B. $22,500. D. $32,100.

2. The Johns Company budgeted overhead at $125,000 for the period for Department A based on a budgeted volume of 50,000 direct labor hours. At the end of the period, the factory overhead control account for Department A had a balance of $126,000. The actual (and allowed) direct labor hours were 52,000. What was the overapplied (underapplied)
overhead for the period?

A. $(4,000) C. $(6,500)
B. $4,000 D. $6,500

3. The fixed overhead application rate is a function of a predetermined normal activity level. If standard hours allowed for good output equal this normal activity level for a given period, the volume variance will be

A. zero.
B. favorable.
C. unfavorable.
D. either favorable or unfavorable depending on the budgeted overhead.

Reference no: EM13361348

Questions Cloud

Question about income statement amp balance sheetyou are : question about income statement amp balance sheetyou are the chief financial officer cfo of this struggling airline

Question about labor rate variance1 several people play an : question about labor rate variance1. several people play an essential part in setting standards. which of the following

Definitions of public relationsstate your personal : definitions of public relationsstate your personal definition of public relations and list down definitions from three

Cost accounting for wilson productionpart 2 the following : cost accounting for wilson productionpart 2 the following information has been taken from the cost records of wilson

Indirect labor costs1 beres corporation has developed the : indirect labor costs1. beres corporation has developed the following flexible budget formula for annual indirect labor

Cogs direct labor percentage increases1 a manufacturing : cogs direct labor percentage increases1. a manufacturing company has a beginning finished goods inventory of 14600 raw

Process cost accounting1 if the factory labor cost for a : process cost accounting1. if the factory labor cost for a month was 123000 paid in cash the following journal entry

Collective bargaining would a union for non-professional : collective bargaining would a union for non-professional jobs at a nursing home help with retention?the nonprofessional

Human resource managementemployees still resist unions : human resource managementemployees still resist unions almost 60 years after the passage of the national labor

User Account

All Pages