Homework Help: college accounting

Posted by Xan on Thursday, November 4, 2010 at 7:12pm.

Jim’s Landscaping is in a business of maintaining and improving yards in the surrounding areas. The company bases its overhead cost budgets on the following data: Variable overhead costs: Supplies $4 per yard Machine maintenance $2 per yard Chemicals $6 per yard Fixed Overhead: Salaries and wages $2,300 per month Depreciation $800 per month Utilities $400 per month Rent $1,100 per month In June the following actual costs were incurred for 83 yards: Supplies $320 Machine maintenance $180 Chemicals $500 Salaries and wages $2,500 Depreciation $800 Utilities $450 Rent $1,100 Construct a flexible budget performance report using the data provided: Show computations

college accounting - Anonymous, Saturday, December 11, 2010 at 3:23pm
Jim's Landscaping is the business of maintaining and improving yards in surrounding areas. The company bases its overhead cost budgets on the following data
Variable overhead costs:
Supplies $4 per yard
Machine maintenance $2 per yard
Chemicals $6 per yard

Fixed overhead costs:
Salaries and wages $2300 per month
Machine maintenance $800 per month
Utilities $400 per month
Rent $1100 per month

In June, the following actual costs were incurred for 83 yards:
Supplies $320
Machine maintenance $180
Chemicals $500
Salaries and wages $2500
Depreciation $800
Utilities $450
Rent $1100
college accounting - Anonymous, Sunday, April 8, 2012 at 11:35am
Variable cost per unit

12

Fixed overhead cost

Salaries and wages

2300

Machine maintenance

800

Utilities

400

Rent

1100

Total

4600

So overhead applied

Variable = 83*12

996

Fixed

4600

Total overhead applied

5596

Actual cost incurred

Supplies

320

Machine maintenance

180

Chemicals

500

Salaries and wages

2500

Depreciation

800

Utilities

450

Rent

1100

Actual cost incurred

5850

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