90.2K

Verified Solution

Link Copied!

in the current year, Becker Sofa Company expected to sell 12,000 leather sofas, Foxed costs for the year were expected to be $8,400,000 unit sales price was budgeted at $4,600; and unit variable costs were expected to be $2.200. Becker Sofa Company's margin of safety ratio (MOS) is (rounded to two decimal placesx 70.83 73.35% 79.27% 71.29% 27.989 2,090 Apr Audio Zone Co. needs to prepare pro forma financial statements for the next fiscal year. To do so, the company must forecast its total overhead cost. The actual machine hours and total overhead cost are presented below for the past six months Month Total Overhead Machine Hours Jan $ 6,288 1,980 Feb. 6,460 Mar 5,987 1,745 5,559 1.560 May 6,032 1.865 June 6,341 2,012 Using the high low method, total monthly fixed overhead cost is calculated to be: $2,907 $2,626 $2,512 52,833 $2,698 Wings Co. budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Budgeted Level Overhead Cost for Cost Driver Overhead Cost Driver Materials handling $ 160,000 3,200 pounds Weight of materials Machine setup 13,260 390 setups Number of setups Machine repair 1,380 30,000 machine hours Machine hours Inspections 10,560 160 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 130 pounds Machine setup 30 setups Machine hours 15,000 machine hours Inspections 15 inspections The total overhead of job #971 under the ABC costing is: $9,200. $2,300. 595. $1,520. $380

Answer & Explanation Solved by verified expert

See Answer