Prepare quarterly manufacturing overhead budget

Assignment Help Financial Accounting

Reference no: EM13906774

The fixed overhead and variable costs for product manufacturing company SCANDAL Pope Rowan are listed below:

Variable overhead costs:

Indirect material $ 2.15

Indirect labor $ 1.55

Utilities $0.55

Salaries of supervisors $ 25,000

Depreciation $ 16,000

Other $ 3,000

Production (in units) budgeted for each quarter is:

First quarter 27,820

Second quarter 32,240

Third quarter 29,770

Fourth quarter 28.860

Requested:

Prepare a quarterly manufacturing overhead budget for 2016.

Reference no: EM13906774

Questions Cloud

Compute the cost that should be assigned to the inventory : Hasham purchases inventory from overseas and incurs the following costs: the merchandise cost is $80,000, credit terms 1/10, n/30, applicable only to the $80,000; FOB shipping point freight charges are $2,500; insurance during transit is $300; and im..

Determine the normal stress in section bc : The rod ABC is made of steel (E = 29 X 10^6 psi). Determine the normal stress in section BC. Determine the deflection at point B and C.

Difference between long-term and short term liabilities : What is the difference between long-term liabilities and short term liabilities? How do bonds differ from other types of debt such as mortgages?

About the conversion cost : In September direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $120,000 and the direct materials cost was $56,000, the direct labor cost was

Prepare quarterly manufacturing overhead budget : The fixed overhead and variable costs for product manufacturing company SCANDAL Pope Rowan are listed below: Prepare a quarterly manufacturing overhead budget for 2016.

Calculate the npv of the proposed expenditure decide : By calculating the NPV of the proposed expenditure decide whether the computer should be purchased. If the market rate of interest fell to 8.5% per annum would the decision reached in (a) above be altered?

Program that calculates the minimum : Write a program that calculates the minimum, maximum, average and standard deviation (s) of the exam score in a subject. The program will accepts the score and quit if negative score is enter.

Determine the axial force in each link for the loading shown : Each of the two vertical links BD has a uniform cross section 0.375 X 1.5 in. Determine the axial deformation and normal stress in each link for the loading shown. Determine the axial force in each link for the loading shown. Use E = 29 X 10^6 psi

Adjustments in good journal entry format : Prepare the following adjustments in good journal entry format. The beginning balance of the Supplies account was $315. During the month the company bought additional supplies in the amount of $830. At the end of the month a physical inventory showed..

User Account

All Pages