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Budget Preparation - Chapter 8 EC Problem (V3) Name: 2 Manufacturing overhead consists of the following: 09 Total o Indirect Materials (S.25 / unit) TOO Indirect Labor (S.60 / unit) 1.20 VOF o Other (S.35 / unit) O Production supervisors' salaries - $6,000 per month > 500 P xea O Depreciation - $1,500 per month og OH o Other fixed - $1,500 per month 7. Prepare the manufacturing overhead budget for each month and for the quarter, January February March T otal Qtr wirto be produud 1,900 1,520 1,620 5,040 Ivariable oh 2 280 1824 1944 roue | Overhead Total manitarining 9780 93249444 28540 cventad Less Deprecation (100(1500) soo) 4500 campaments for 82807824 794424,044 32582a COS E Martinud blog 8. What are the total cash payments for overhead during the quarter (answer can be incorporated into the overhead budget above)? 00182 $24,048 11.02 01082 9. What is the estimated overhead cost per unit (the overhead rate per unit)? 728 3485040 sille Nrit A) S 6.56 / unit By S5.89 / unit C) S 5.68/unit D) $5.29 / unit 10. What is the balance in Finished goods inventory at March 31, 2019 (hint - you have the "per unit' direct materials + direct labor+ mfg overhead and you have the # of units in ending inventory)? A) S 15,244 B) S 9.030 C) S 14,341 D) $8,726 Page 4 of 7 Budget Preparation - Chapter 8 EC Problem (V3) Name: 2 Manufacturing overhead consists of the following: 09 Total o Indirect Materials (S.25 / unit) TOO Indirect Labor (S.60 / unit) 1.20 VOF o Other (S.35 / unit) O Production supervisors' salaries - $6,000 per month > 500 P xea O Depreciation - $1,500 per month og OH o Other fixed - $1,500 per month 7. Prepare the manufacturing overhead budget for each month and for the quarter, January February March T otal Qtr wirto be produud 1,900 1,520 1,620 5,040 Ivariable oh 2 280 1824 1944 roue | Overhead Total manitarining 9780 93249444 28540 cventad Less Deprecation (100(1500) soo) 4500 campaments for 82807824 794424,044 32582a COS E Martinud blog 8. What are the total cash payments for overhead during the quarter (answer can be incorporated into the overhead budget above)? 00182 $24,048 11.02 01082 9. What is the estimated overhead cost per unit (the overhead rate per unit)? 728 3485040 sille Nrit A) S 6.56 / unit By S5.89 / unit C) S 5.68/unit D) $5.29 / unit 10. What is the balance in Finished goods inventory at March 31, 2019 (hint - you have the "per unit' direct materials + direct labor+ mfg overhead and you have the # of units in ending inventory)? A) S 15,244 B) S 9.030 C) S 14,341 D) $8,726 Page 4 of 7