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?
21.How many pool cues need to be produced in 20x4?
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?
37.What is the flexible-budget amount for variable manufacturing overhead?
*d.none of the above
38.What is the flexible-budget variance for variable manufacturing overhead?
*d.none of the above
This question was answered on: Sep 16, 2020
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