Question
Bramble Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows.
Bramble Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows.
| Indirect labor | $1.50 | |
| Indirect materials | 1.10 | |
| Utilities | 0.80 |
Fixed overhead costs per month are Supervision $5,120, Depreciation $1,536, and Property Taxes $1,024. The company believes it will normally operate in a range of 8,96012,800 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2022 for the expected range of activity, using increments of 1,280 direct labor hours. (List variable costs before fixed costs.)
| BRAMBLE COMPANY Monthly Manufacturing Overhead Flexible Budget For the Year 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| select an opening overhead flexible budget item DepreciationFixed CostsProperty TaxesIndirect MaterialsDirect Labor HoursActivity LevelVariable CostsIndirect LaborSupervisionTotal CostsTotal Variable CostsTotal Fixed CostsUtilities | ||||||||
| select an item Total Variable CostsIndirect LaborVariable CostsSupervisionActivity LevelTotal Fixed CostsTotal CostsUtilitiesDepreciationDirect Labor HoursIndirect MaterialsProperty TaxesFixed Costs | enter a number of hours | enter a number of hours | enter a number of hours | enter a number of hours | ||||
| select an opening name for section one Indirect LaborIndirect MaterialsUtilitiesVariable CostsActivity LevelProperty TaxesTotal CostsDepreciationTotal Variable CostsTotal Fixed CostsDirect Labor HoursFixed CostsSupervision | ||||||||
| select an item DepreciationProperty TaxesIndirect MaterialsIndirect LaborTotal Fixed CostsDirect Labor HoursSupervisionActivity LevelUtilitiesVariable CostsFixed CostsTotal CostsTotal Variable Costs | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||
| select an item Variable CostsDepreciationIndirect LaborFixed CostsUtilitiesTotal Fixed CostsSupervisionActivity LevelIndirect MaterialsTotal CostsProperty TaxesTotal Variable CostsDirect Labor Hours | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select an item Total Variable CostsDepreciationIndirect MaterialsIndirect LaborProperty TaxesUtilitiesTotal Fixed CostsActivity LevelDirect Labor HoursVariable CostsTotal CostsSupervisionFixed Costs | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select a closing name for section one Indirect LaborUtilitiesTotal Fixed CostsDirect Labor HoursTotal CostsVariable CostsDepreciationTotal Variable CostsActivity LevelFixed CostsProperty TaxesIndirect MaterialsSupervision | enter a total amount for section one | enter a total amount for section one | enter a total amount for section one | enter a total amount for section one | ||||
| select an opening name for section two UtilitiesActivity LevelTotal Variable CostsDepreciationIndirect LaborTotal Fixed CostsVariable CostsFixed CostsIndirect MaterialsTotal CostsSupervisionProperty TaxesDirect Labor Hours | ||||||||
| select an item Total CostsFixed CostsActivity LevelTotal Variable CostsUtilitiesIndirect LaborTotal Fixed CostsVariable CostsProperty TaxesIndirect MaterialsDepreciationSupervisionDirect Labor Hours | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select an item DepreciationTotal Variable CostsSupervisionIndirect LaborDirect Labor HoursIndirect MaterialsTotal Fixed CostsActivity LevelVariable CostsUtilitiesProperty TaxesFixed CostsTotal Costs | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select an item UtilitiesIndirect MaterialsFixed CostsProperty TaxesSupervisionTotal Fixed CostsVariable CostsActivity LevelIndirect LaborDepreciationTotal CostsDirect Labor HoursTotal Variable Costs | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
| select a closing name for section two Indirect LaborVariable CostsSupervisionProperty TaxesTotal Variable CostsIndirect MaterialsTotal CostsFixed CostsDirect Labor HoursUtilitiesTotal Fixed CostsActivity LevelDepreciation | enter a total amount for section two | enter a total amount for section two | enter a total amount for section two | enter a total amount for section two | ||||
| select a closing overhead flexible budget item SupervisionFixed CostsTotal Variable CostsIndirect MaterialsUtilitiesDepreciationVariable CostsIndirect LaborTotal CostsDirect Labor HoursProperty TaxesTotal Fixed CostsActivity Level | $enter a total amount for the overhead flexible budget | $enter a total amount for the overhead flexible budget | $enter a total amount for the overhead flexible budget | |||||
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
