This topic contains a solution. Click here to go to the answer

Author Question: The Alex Miller Corporation operates one central plant that has two divisions, the Flashlight ... (Read 97 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549

Question 1

The static-budget variance is the difference between an actual result and the corresponding budgeted amount in the static budget.
◦ true
◦ false

Question 2

The Alex Miller Corporation operates one central plant that has two divisions, the Flashlight Division and the Night Light Division. The following data apply to the coming budget year:

Budgeted costs of the operating the plant
for 10,000 to 20,000 hours:
Fixed operating costs per year$280,000
Variable operating costs$10per hour
Practical capacity20,000hours per year
Budgeted long-run usage per year:
Lamp Division800 hours × 12 months =9,600hours per year
Flashlight Division450 hours × 12 months =5,400hours per year 

Assume that practical capacity is used to calculate the allocation rates. Further assume that actual usage of the Lamp Division was 700 hours and the Flashlight Division was 400 hours for the month of June. 

Required:
a.  If a single-rate cost-allocation method is used, what amount of operating costs will be budgeted for the Lamp Division each month? For the Flashlight Division each month? 

b.  For the month of June, if a single-rate cost-allocation method is used, what amount of cost will be allocated to the Lamp Division? To the Flashlight Division? Assume actual usage is used to allocate operating costs. 

c.  If a dual-rate cost-allocation method is used, what amount of operating costs will be budgeted for the Lamp Division each month? For the Flashlight Division each month? 

d.  For the month of June, if a dual-rate cost-allocation method is used, what amount of cost will be allocated to the Lamp Division? To the Flashlight Division? Assume budgeted usage is used to allocate fixed operating costs and actual usage is used to allocate variable operating costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joesmith1212 on Mar 6, 2021

janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Mar 6, 2021
Wow, this really help


flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

For a complete list of videos, visit our video library