Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Bumblebee Company estimates that 392,900 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On

image text in transcribedimage text in transcribed

Current Attempt in Progress Bumblebee Company estimates that 392,900 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 Variable Overhead Costs Supervision $90,600 Indirect labor $188.592 Depreciation 70.680 Indirect materials 110,012 Insurance 27,960 Repairs 70.722 Rent 27,000 Utilities 78.580 Property taxes 21.840 Lubricants 19.645 $238,080 $467,551 It is estimated that direct labor hours worked each month will range from 20.900 to 28.100 hours. During October 20,900 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7.550. Depreciation $5.890. Insurance $2.280. Rent $2.250, and Property taxes 51.820. : . Variable overhead costs: Indirect labor $11.132. Indirect materials. $5.462, Repairs $3.722, Utilities $4.440, and Lubricants 51.445. . . (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 2,400 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2020 V V S S $ $ $ V V V V V V $ $ $ $ $ $ (b) Prepare a flexible budget report for October (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Di Fa Unt Neithe Budget Actual Costs nor U $ S $ $ >

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

International Accounting A User Perspective

Authors: Suadagaran, Shahrokh M, Smith Lawrence Murphy

5th Edition

1531018661, 9781531018665

More Books

Students also viewed these Accounting questions

Question

how information system helps business globally?

Answered: 1 week ago

Question

Th e last time I complained, nothing happened.

Answered: 1 week ago

Question

Th ey could have made my situation worse.

Answered: 1 week ago