Current Attempt in Progress Swifty Company is preparing its manufacturing overhead budget for 2022. Relevant data...
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Current Attempt in Progress Swifty Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following. Quarterly units production: Q1-9,000, Q2-11,100, Q3-13,900, Q4-15,000. Direct labor: Labor required is 1 hour per unit. Variable overhead costs per direct labor hour: Indirect materials $0.60; indirect labor $1.20; and maintenance $0.40. Fixed overhead costs per quarter: Supervisory salaries $43,500; depreciation $16,200; and maintenance $11,600. Prepare the manufacturing overhead budget for the year, showing quarterly data. (List variable costs before fixed costs.) SWIFTY COMPANY Manufacturing Overhead Budget Varlable costs Total fixed costs Total manufacturing overhead Maintenance Indirect materials Total variable costs Direct labor hours Indirect labor Supervisory salarles Manufacturing overhead rate per direct labor hour Depreciation Fixed costs $ First Quarter Second Quarter Third Quarter Fourth Quarter Year $ $ $ $ $ Manufacturing overhead rate per direct labor hour $ (Round answers to 2 decimal places, e.g. 52.75.) $ $ $ Current Attempt in Progress Swifty Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following. Quarterly units production: Q1-9,000, Q2-11,100, Q3-13,900, Q4-15,000. Direct labor: Labor required is 1 hour per unit. Variable overhead costs per direct labor hour: Indirect materials $0.60; indirect labor $1.20; and maintenance $0.40. Fixed overhead costs per quarter: Supervisory salaries $43,500; depreciation $16,200; and maintenance $11,600. Prepare the manufacturing overhead budget for the year, showing quarterly data. (List variable costs before fixed costs.) SWIFTY COMPANY Manufacturing Overhead Budget Varlable costs Total fixed costs Total manufacturing overhead Maintenance Indirect materials Total variable costs Direct labor hours Indirect labor Supervisory salarles Manufacturing overhead rate per direct labor hour Depreciation Fixed costs $ First Quarter Second Quarter Third Quarter Fourth Quarter Year $ $ $ $ $ Manufacturing overhead rate per direct labor hour $ (Round answers to 2 decimal places, e.g. 52.75.) $ $ $
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