23 Jun How much cost, in total, would be all
. How much cost, in total, would be allocated to the Working on Engagements activity cost pool?
b. How much cost, in total, would be allocated to the Business Development activity cost pool?
c. How much cost, in total, would be allocated to the Other activity cost pool?
Use the following to answer questions 3 & 4: Please Show the work
Franklin Glass Works uses a standard cost system in which manufacturing overhead is
applied to units of product on the basis of direct labor-hours. Each unit requires two
standard hours of labor for completion. The denominator activity for the year was based
on budgeted production of 200,000 units. Total overhead was budgeted at $900,000 for
the year, and the fixed overhead rate was $3.00 per unit. The actual data pertaining to
the manufacturing overhead for the year are presented below:
Actual production.. 198,000 units
Actual direct labor-hours… 440,000 direct labor-hours
Actual variable overhead… $352,000
Actual fixed overhead… $575,000
3. Franklins variable overhead efficiency variance for the year is:
A) $33,000 unfavorable.
B) $35,200 favorable.
C) $35,200 unfavorable.
D) $33,000 favorable
Please mention how to calculate Standard rate
4. Franklins fixed overhead budget variance for the year is:
A) $19,000 favorable.
B) $25,000 favorable
C) $25,000 unfavorable.
D) $19,000 unfavorable.
Q# 5
The Carlquist Company makes and sells a product call Product K. Each unit of Product K sells for
$24 dollars and has a unit variable cost of $18. The company has budgeted the following data for
November:
o Sales of $1,152,000, all in cash.
o A cash balance on November 1 of $48,000.
o Cash disbursements (other than interest) during November of $1,160,000.
o A minimum cash balance on November 30 of $60,000.
If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of
$1,000 and will bear interest at 2% per month. All borrowing will take place at the beginning of the
month. The November interest will be paid in cash during November.
The amount of cash that must be borrowed on November 1 to cover all cash disbursements and to
obtain the desired November 30 cash balance is:
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