EXERCISE 99 Planning Budget LO91 Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:

Direct Materials: Cost per Machine-Hour $4.25

Direct labor - Fixed Cost per Month $36,800

Supplies - Cost per Machine-Hour: $0.30

Utilities - Fixed Cost per Month: $1,400 - Cost per Machine-Hour: $0.05

Depreciation - Fixed Cost per Month: $16,700

Insurance - Fixed Cost per Month: $12,700

For example, utilities should be $1,400 per month plus $0.05 per machine-hour. The company expects to work 5,000 machine-hours in June. Note that the companys direct labor is a fixed cost.

Required: show all work process:

Using Exhibit 92 as your guide, prepare the companys planning budget for June.