Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost...
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Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at 100% of normal capacity of 8,900 hours. Variable costs: Indirect factory wages Power and light $30,260 16,643 13,973 $60,876 Indirect materials Total variable cost Fixed costs: Supervisory salaries $14,940 Depreciation of plant and equipment 0.330 < Insurance and property taxes 11,700 Total fixed cost 64,970 Total factory overhead cost $125,846 During October, the department operated at 9,400 standard hours, and the factory overhead costs incurred were indirect factory wages. $32,280; power and light, $17,260; indirect materials, $15,100; supervisory salaries, $14,940; depreciation of plant and equipment, $38,330; and insurance and property taxes, $11,700. Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at 100% of normal capacity of 8,900 hours. Variable costs: Indirect factory wages Power and light $30,260 16,643 13,973 $60,876 Indirect materials Total variable cost Fixed costs: Supervisory salaries $14,940 Depreciation of plant and equipment 0.330 < Insurance and property taxes 11,700 Total fixed cost 64,970 Total factory overhead cost $125,846 During October, the department operated at 9,400 standard hours, and the factory overhead costs incurred were indirect factory wages. $32,280; power and light, $17,260; indirect materials, $15,100; supervisory salaries, $14,940; depreciation of plant and equipment, $38,330; and insurance and property taxes, $11,700.
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