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****CHANGE DIRECT LABOR HOURS TO 88,000 INSTEAD OF 90,000*** Use the following information for Exercises 9-63 and 9-64: Palladium Inc. produces a variety of household

image text in transcribed****CHANGE DIRECT LABOR HOURS TO 88,000 INSTEAD OF 90,000***

Use the following information for Exercises 9-63 and 9-64: Palladium Inc. produces a variety of household cleaning products. Palladium's controller has developed standard costs for the following four overhead items: Variable Rate per Direct Labor Hour Total Fixed Cost $ 86,000 Overhead Item Maintenance Power Indirect labor Rent $0.20 0.45 2.10 140,000 35,000 Next year, Palladium expects production to require 90,000 direct labor hours. ETIVE 1 Exercise 9-63 Flexible Budget for Various Levels of Activity Refer to the information for Palladium Inc. above. Required: 1. Prepare an overhead budget for the expected level of direct labor hours for the coming year. 2. Prepare an overhead budget that reflects production that is 15% higher than expected and for production that is 15% lower than expected

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