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Exercise 22-3 Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are

Exercise 22-3

Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows.

Indirect labor $1.30
Indirect materials 0.80
Utilities 0.20

Fixed overhead costs per month are Supervision $3,900, Depreciation $2,000, and Property Taxes $800. The company believes it will normally operate in a range of 8,00011,600 direct labor hours per month. a) Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using increments of 1,200 direct labor hours. (List variable costs before fixed costs.)

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MYERS COMPANY Monthly Manufacturing Overhead Flexible Budget For the Year 2017

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