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(Solved) (Latest ver. Aug 2020) - Marguerite, Inc. Shimon Corporation -- manu OH, budgets

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THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 20 THROUGH 22.
Marguerite, Inc., expects to manufacture and sell 20,000 pool cues for $12.00 each. Direct materials costs are $2.00, direct manufacturing labor is $4.00, and manufacturing overhead is $0.80 per pool cue. The following inventory levels apply to 20x4:

Beginning inventoryEnding inventory
Direct materials 24,000 units 24,000 units
Work-in-process inventory 0 units 0 units
Finished goods inventory2,000 units 2,500 units
20.On the 20x4 budgeted income statement, what amount will be reported for sales?
a.$246,000
*b.$240,000
c.$312,000
d.$318,000

21.How many pool cues need to be produced in 20x4?
a.22,500 cues
b.22,000 cues
*c.20,500 cues
d.19,500 cues

22.What are the 20x4 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?
a.$0; $96,000; $19,200
b.$39,000; $78,000; $15,600
c.$80,000; $40,000; $16,000
d.$41,000; $82,000; $16,400

THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 36 THROUGH 38.
Shimon Corporation manufactures industrial-sized water coolers and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data.

Budgeted output units15,000 units
Budgeted machine-hours5,000 hours
Budgeted variable manufacturing overhead costs for 15,000 units$161,250

Actual output units produced22,000 units
Actual machine-hours used7,200 hours
Actual variable manufacturing overhead costs$242,000

36What is the budgeted variable overhead cost rate per output unit?
*a.$10.75
b.$11.00
c.$32.25
d.$48.40

37.What is the flexible-budget amount for variable manufacturing overhead?
a.$165,000
b.$236,500
c.$242,000
*d.none of the above

38.What is the flexible-budget variance for variable manufacturing overhead?
a.$5,500 favorable
b.$5,500 unfavorable
c.$4,300 favorable
*d.none of the above

 







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