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Culver Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the following. Units to be produced (by quarters): 10,700, 12,400, 14,700,
Culver Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the following. Units to be produced (by quarters): 10,700, 12,400, 14,700, 16,300 Direct labor: Time is 1.6 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.90; indirect labor $1.30; and maintenance $0.70 Fixed overhead costs per quarter:supervisory salaries $37,280; depreciation $18,330; and maintenance $13,020. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g 125 list variable costs hefore fixed costs
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