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Concord Company estimates that 385,800 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following
Concord Company estimates that 385,800 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $91,080 Indirect labor 74,520 22,560 Variable Overhead Costs 24,840 Repairs 17,880 $230,880 Indirect materials Utilities Lubricants $185,184 100,308 61,728 57,870 30,864 $435,954 It is estimated that direct labor hours worked each month will range from 28,700 to 39,200 hours. During October, 28,700 direct labor hours were worked and the following overhead costs were incurred.
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