Formulas needed not just number
M N O 1 Flexible Budget Application The cutting department of Liberty Manufacturing Company operated during September 2019 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity: Based on 5000 hours 9 #NAME? Cutting Department Overhead Budget for the Month of September 2019 Variable costs: Factory supplies 48,000 Indirect labor 72,000 Utilities (usage charge) 36,000 Patent royalties on secret process 144,000 Totalvariable overhead $ 300,000 Supervisory salaries Depreciation on factory equipment Factory taxes Factory insurance Utilities (base charge) Totalfixed overhead Total manufacturing overhead 96,000 140,000 40,000 24,000 32,000 $ $ 332000 632.000 Actual: 4500 hrs The polishing department was operated for 4,500 hours during September and incurred the following manufacturing overhead costs: Factory supplies Indirect labor Utilities (usage factor) Utilities (base factor) Patent royalties Supervisory salaries Depreciation on factory equipment Factory taxes Factory insurance Total manufacturing overhead incurred 40,400 67,200 38,100 32,000 134,000 96,000 140,000 43,400 27,000 618,100 $ 38 Required sing a flexible budgeting approach, prepare a performance report for the cutting department for 40 September 2019, comparing actualoverhead costs with budgeted overhead costs for 4,500 hours. Separate 41 overhead costs into variable and fixed components and show the amounts of any variances between 42 actual and budgeted amounts. Tayibertylor Manufacturing Company Cutting Department Performance Report - Manufacturing Overhead For the Month Ended September 30, 2019 Budget Actual Costs (4,500 hours) Variances Enter F for favorable variance, U for unfavorabe variance, or NA for novariance $ 40,400 Correct 67,200 Correct 38,100 Correct 134,000 Correct 279,700 Correct Try again Try again Try again Try again Try again Try again Try again lu Try again lu Try again Try again lu Correct Correct Correct Correct Correct $ Variable costs Factory supplies Indirect labor Utilities Patent royalties Total variable overhead Fixed costs: Supervisory salaries Depreciation on equipment Factory taxes Factory insurance Utilities Totalfixed overhead Total overhead costs $ $ $ - 96,000 Correct 140,000 Correct 43400 Correct 27,000 Correct 32,000 Correct 338,400 Correct 618,100 Correct 96,000 Correct 140,000 Correct 40,000 Correct 24,000 Correct 32,000 Correct 332,000 Correct Try again 3.400 3.000 Correct na Correct na Correct u Correct u Correct Correct u 2.1.2. Correct Correct Correct Correct Correct Correct Correct $ $ 6,400 $ $ Try again
