1.Vaughn Manufacturing budgeted manufacturing costs for 70000 tons of steel are:

Fixed manufacturing costs $50000 per month Variable manufacturing costs $12.00 per ton of steel

Vaughn produced 60000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March?

$770000

$760000

$890000

$720000

2.Sheffield Corp. prepared a fixed budget of 60000 direct labor hours, with estimated overhead costs of $300000 for variable overhead and $90000 for fixed overhead. Sheffield then prepared a flexible budget at 58000 labor hours. How much is total overhead costs at this level of activity?

$290000

$380000

$390000

$377000