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ASAP PLEASE Soriano Company expects variable costs to fluctuate with production volume on the basis of the following rates per direct labor hour: indirect materials
ASAP PLEASE Soriano Company expects variable costs to fluctuate with production volume on the basis of the following rates per direct labor hour: indirect materials $1.00, indirect labor $1.50, utilities $0.40, and maintenance $0.20. Thus, for the 6,200 direct labor hours to produce 3,100 units, budgeted indirect materials are $7,200(6,200$1), and budgeted indirect labor is $10,800(7,200$1.50). Hayes also recognizes that some maintenance is fixed. The amounts reported for fixed costs are assumed. Prepare a Manufacturing Overhead Budget
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