1. Thunder Creek Company prepares its Manufacturing Overhead Budget For each Grect labor hour, the variable overhead costs are: Indirect Materials - $1.00 per DH, Indirect Labor Cost-$130 per Maintenance $1.20 per DUH 2. The Fixed Overhead Costs per month are: Salaries of $40,000 Depreciation $20,000 and Maintenance - $10,000 3. ROUND the predetermined overhead allocation rate to two decimal places Manufacturing overhead is allocated using direct labor hours 1 Total Budget: Manufacturing Overhead Budget Budgeted units to be produced VOH o per unit Budgeted VOH Budgeted FOH Depreciation Salaries and maintenance Total budgeted FOH Budgeted manufacturing overhead costs IIIIIII IN Direct labor hours (DL) Predetermined overhead allocation rate per DUT Thunder Creek Company uses the first in, first-out (FFO) inventory costing method The Beginning Finished Goods Inventory is $86, 400 consisting of 3.600 units 1. Begin by calculating the projected cost to produce each unit in 2018 based on projected sales. 2. ROUND the fixed manufacturing overhead cost per unit to two decimal places. Cost per unit Direct material cost per unit Direct labor cost per unit Manufacturing overhead cost per unit Total projected manufacturing cost per unit Budget 16: Cost of Goods Sold Budget Beginning Finished Goods Inventory, 3,600 units. Units produced and sold in 2018 Cost per unit Units per month Total cost of units produced and sold in 2018 Total budgeted cost of goods sold Thunder Creek Company's variable supplies expense per month is $3.00 per unit. The fixed selling and administrative expenses per month consist of Salaries: $245,000Advertising: $30,000; and Depreciation: $28.000 Mar 01 Total Budget : Selling and Administrative Expense Budget Salaries expense Advertising expense Depreciation expense Supplies expense Total budgeted S&A expense 1. Thunder Creek Company prepares its Manufacturing Overhead Budget For each Grect labor hour, the variable overhead costs are: Indirect Materials - $1.00 per DH, Indirect Labor Cost-$130 per Maintenance $1.20 per DUH 2. The Fixed Overhead Costs per month are: Salaries of $40,000 Depreciation $20,000 and Maintenance - $10,000 3. ROUND the predetermined overhead allocation rate to two decimal places Manufacturing overhead is allocated using direct labor hours 1 Total Budget: Manufacturing Overhead Budget Budgeted units to be produced VOH o per unit Budgeted VOH Budgeted FOH Depreciation Salaries and maintenance Total budgeted FOH Budgeted manufacturing overhead costs IIIIIII IN Direct labor hours (DL) Predetermined overhead allocation rate per DUT Thunder Creek Company uses the first in, first-out (FFO) inventory costing method The Beginning Finished Goods Inventory is $86, 400 consisting of 3.600 units 1. Begin by calculating the projected cost to produce each unit in 2018 based on projected sales. 2. ROUND the fixed manufacturing overhead cost per unit to two decimal places. Cost per unit Direct material cost per unit Direct labor cost per unit Manufacturing overhead cost per unit Total projected manufacturing cost per unit Budget 16: Cost of Goods Sold Budget Beginning Finished Goods Inventory, 3,600 units. Units produced and sold in 2018 Cost per unit Units per month Total cost of units produced and sold in 2018 Total budgeted cost of goods sold Thunder Creek Company's variable supplies expense per month is $3.00 per unit. The fixed selling and administrative expenses per month consist of Salaries: $245,000Advertising: $30,000; and Depreciation: $28.000 Mar 01 Total Budget : Selling and Administrative Expense Budget Salaries expense Advertising expense Depreciation expense Supplies expense Total budgeted S&A expense
