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fix the red mistakes please Your answer is partially correct. Bumblebee Company estimates that 385,800 direct labor hours will be worked during the coming year,
fix the red mistakes please
Your answer is partially correct. Bumblebee Company estimates that 385,800 direct labor hours will be worked during the coming year, 2020 , in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. It is estimated that direct labor hours worked each month will range from 28,700 to 39,200 hours. During October, 28,700 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,590, Depreciation $6,210, Insurance $2,015, Rent $1,880, and Property taxes $1,490. Varlable overhead costs Indirect labor $14,756. Indirect materials, $7,042, Repairs $4,532, Utilities $4,725, and Lubricants $2,596. (a) Prepare a monthly manufacturing overheadflexible budget for each increment of 3.500 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs) (b) Prepare a flexible budget report for October: (Ust variable costs before fixed costs) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Budget Jirect habor Hours rabiabe Costs Actual Costs 20700 Neit nor $ 14750 +990 7464 2042 4532 420 indifect paterials 4592 Hecpsirs 4305 4725 2296 2536 80 visities They yerifalile ciosts 32471 1 33651 1 42040+420 Difference Favorable Unfavorable Neither Favorable nor Unfavorable 28700 14756 7042 4532 4725 2596 33651 420 60 420 300 1220 Unfavorable Unfavorable Favorable Favorable Unfavorable Unfavorable Step by Step Solution
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