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Current Attempt in Progress Metlock Company is preparing its manufacturing overhead budget for 2022. Relevant data are as follows: 1. Units to be produced (by
Current Attempt in Progress Metlock Company is preparing its manufacturing overhead budget for 2022. Relevant data are as follows: 1. Units to be produced (by quarters): 10,300,11,700,14,500,18,400 2. Direct labour: 1.4 hours per unit 3. Variable overhead costs per direct labour hour: indirect materials $0.70; indirect labour $1.30; and maintenance $0.50 4. Fixed overhead costs per quarter: supervisory salaries $34,600; depreciation $15,200; and maintenance $15,700 Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round variable cost per unit to 2 decimal places, e.g. 15.25.)
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