B36 X fx MN0 E F G H 1 P24-1A Prepare flexible budget and budget report for manufacturing overhead 2 Bumblebee Company estimates that 300,000 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data, shown below, 4 are computed for the year. Budgeted Costs - 2017 Fixed Overhead Costs Variable Overhead Costs Variable Per Unit Supervision $96,000 Indirect labor $126,000 $0.42 Depreciation 72,000 Indirect materials 90,000 $0.30 Insurance 30,000 Repairs 69,000 $0.23 Rent 24,000 Utilities 72,000 $0 24 Property taxes 18.000 Lubricants 18.000 $0.06 $240,000 $375,000 $1.25 . It is estimated that direct labor hours worked each month will range from 27,000 to 36,000 hours. Fixed Overhead Costs Supervision $8,250 Depreciation 6,000 Insurance 2,460 Rent 2.000 Property taxes 1,280 $19.990 Actual Costs - October 2017 Variable Overhead Costs Indirect labor $12.432 Indirect materials 7.680 Repairs 6.100 Utilities 6.840 Lubricants 1.920 $34,972 25 Instructions 26 (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,000 direct labor 27 hours over the relevant range for the year ending December 31, 2017 28 (b) Prepare a flexible budget report for October. Introduction Module 10 Module 12 Download Print Note from Carter: This assignment looks huge. But it really isn't. In part (a) you can create your formulas at 27,000 units and then paste them into 30,000 units, 33.000 units, and 36,000 units. You may want to Google how to do an Absolute Cell Reference by using the 'S'as part of your formulas. In part B, you can manually enter "F" and "U" or Google "conditional formatting." 37 (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,000 direct labor hours over the relevant range for the year ending December 31, 2017 BUMBLEBEE COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2017 Activity level Direct labor hours 27,000 30.000 Variable costs Indirect labor Indirect materials Repairs Usilities Lubricants Total variable costs Fixed costs Supervision Depreciation Insurance Bent Property taxes Total forced costs Total costs 5 p) Prepare a fexible budget report for October BUMBLEBEE COMPANY Introduction Module 10 Module 12 + TOUTES MNO 66 (b) Prepare a fexible budget report for October BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2017 Actual Costs @ 27.000 DLH Flexible Budget 27,000 DLH Flexible Budget Variance Favorable F Unfavorable Value Value Direct labor hours Variable costs Indirect labor Indirect materials Repairs Utilises Lubricants Total variable costs Value Value Fixed costs Supervision Depreciation Insurance Ren! Property taxes Total fixed costs Total costs Introduction Module 10 Module 12
