P29-2A
29-3A 29-4A
P29-02A
Given P29-03A
Given P29-04A
TUTORIAL PREVIEW
P29-02A
File name: P29-2A 29-3A 29-4A.xls File
type: xls PRICE: $25
P29-02A
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Assembly Department Manufacturing Overhead Costs
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Variable Cost
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Monthly
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Element
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Fixed
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per Hour
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Cost Element
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Indirect labor
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$ 1.00
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$ 1,800
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Payroll taxes
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0.25
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100
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Indirect materials
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0.15
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100
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Utilities
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0.40
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200
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Depreciation
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1,200
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Taxes and insurance
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500
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Maintenance
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0.25
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200
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Additional Information:
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Expected production for May in direct labor hours
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2,500
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Actual production for May in direct labor hours
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1,900
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Actual Costs for May:
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Indirect labor
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$ 3,650
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Payroll taxes
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375
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Indirect materials
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400
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Utilities
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1,000
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Depreciation
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1,200
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Taxes and insurance
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475
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Maintenance
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650
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Given P29-03A
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Standard Costs per Batch of Licon
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Quantity
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Standard
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Standard
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in
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Cost
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Cost
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Material
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Gallons
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per Gallon
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per Batch
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Starter
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700
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$ 0.40
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$ 280
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Acid
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250
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1.20
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300
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Activator
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50
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12.00
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600
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Total standard cost
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$ 13.60
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$ 1,180
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Additional Information:
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Production batches in gallons
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1,000
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Number of gallons per drum of output
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50
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Number of drums of Licon produced in June, 2013
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200
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Materials Actually Used In June
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Quantity
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in
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Cost per
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Material
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Gallons
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Gallon
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Starter
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7,050
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$ 0.38
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Acid
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2,550
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1.22
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Activator
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490
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12.20
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Given P29-04A
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Standard Costs
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Cost per
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Standard
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Quantity
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Unit
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Cost
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Raw materials
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Framing
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10
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$ 0.25
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$ 2.50
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Filler
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15
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0.05
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0.75
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Standard materials cost per unit
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$ 3.25
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Direct Labor
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Cutting Dept.
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1
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14.00
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$ 14.00
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Final Dept.
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0.5
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15.00
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7.50
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Standard direct labor cost per unit
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$ 21.50
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Actual Costs
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Cost per
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Actual
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Quantity
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Unit
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Cost
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Raw materials
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Framing
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49,650.00
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$ 0.255
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$ 12,660.75
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Filler
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75,100.00
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0.045
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3,379.50
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Total actual materials cost
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$ 16,040.25
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Direct Labor
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Cutting Dept.
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4,980
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14.05
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$ 69,969.00
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Final Dept.
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2,550
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14.98
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38,199.00
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Total actual direct labor cost
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$ 108,168.00
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Additional Information
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Units of product made during March, 2013
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5,000
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TUTORIAL PREVIEW
P29-02A
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BIBEE PRODUCTS, INC.
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Flexible Budget for Manufacturing Overhead
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For Month of May, 2013
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Number of direct hours
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2,250
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2,500
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2,750
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Percent of expected capacity
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90%
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100%
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110%
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Variable costs
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Indirect labor ($1.00/hr)
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2,250.00
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2,500.00
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2,750.00
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