1. Thunder Creek Company prepares its Manutacturing Overhead Budget. For each direct labor hour, the variable overhead costs are: 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 2018 Budget #5: Manufacturing Overhead Budget Budgeted units to be produced VOH cost per unit Budgeted VOH Budgeted FOH Jan Feb Mar Q1 Total Depreciation Salaries and maintenance Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours (DLHr) Predetermined overhead allocation rate per DLHr Thunder Creek Company uses the first-in, first-out (FIFO) 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 2018 Budget #6: Cost of Goods Sold Budget Beginning Finished Goods Inventory, 3,600 units Units produced and sold in 2018 Jan Feb Mar Q1 Total 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: $245,000;Advertising: $30,000; and Depreciation: $28,000 2018 Budget #7: Selling and Administrative Expense Budget Salaries expense Advertising expense Depreciation expense Supplies expense Total budgeted S&A expense Jan Feb Mar Q1 Total 1. Thunder Creek Company prepares its Manutacturing Overhead Budget. For each direct labor hour, the variable overhead costs are: 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 2018 Budget #5: Manufacturing Overhead Budget Budgeted units to be produced VOH cost per unit Budgeted VOH Budgeted FOH Jan Feb Mar Q1 Total Depreciation Salaries and maintenance Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours (DLHr) Predetermined overhead allocation rate per DLHr Thunder Creek Company uses the first-in, first-out (FIFO) 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 2018 Budget #6: Cost of Goods Sold Budget Beginning Finished Goods Inventory, 3,600 units Units produced and sold in 2018 Jan Feb Mar Q1 Total 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: $245,000;Advertising: $30,000; and Depreciation: $28,000 2018 Budget #7: Selling and Administrative Expense Budget Salaries expense Advertising expense Depreciation expense Supplies expense Total budgeted S&A expense Jan Feb Mar Q1 Total
