Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bridgeport Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Bridgeport Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows $1.00 Indirect labor Indirect materials 0.70 Utilities 0.40 Budgeted fixed overhead costs per month are Supervision $3.440. Depreciation $1.032, and property Taxes 5688. The company believes it will normally operate in a range of 6.020-8.600 direct labor hours per month Assume that in July 2022, Bridgeport Company incurs the following manufacturing overhead costs Variable Costs Fixed Costs $7.568 $3.440 Indirect labor Indirect materials Supervision Depreciation 1032 4.988 2.752 Utilities Property taxes 680 (a) Prepare a flexible budget performance report assuming that the company worked 7,740 direct labor hours during the month (List variable costs before fued costs) BRIDGEPORT COMPANY Manufacturing Overhead Flexible Budget Report BRIDGEPORT COMPANY Manufacturing Overhead Flexible Budget Report For the 2016 Difference Favorable Unfavorable Neither Favorab nor Unfavorabil Budget Actual Costs walten 1 TO $ tale Costa Cou 360 pero Nelltorta . talets TE wo Cose pervision reciation . 100 operty . 51 SO Fixed costs tal Costs (b) Prepare a flexible budget performance report, assuming that the company worked 7.310 direct labor hours during the month List variable costs before fred costs) BRIDGEPORT COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended 31.2022 Difference Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs 73 favorite Untiverable Ferile 1530 Universe UIT DE Neither Favoriler Unter 1032 TO Neither Forenent 7310 be AVU Unterte 2752 Favorite 1530 Unfavorable 3440 40 Neither 1012 Mother Favoritener Unte 1002 ON Neither Favorit Neither or favor 5110 5160 Unfavorable $ e Textbook and Media Attempts: 1 of 3 used Submit Antwer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Strayer University

1st Edition

0470603526, 978-0470603529

More Books

Students also viewed these Accounting questions

Question

What can Chandra do to correct her mistake?

Answered: 1 week ago