Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Indirect labor 10000 12624 14448 Indirect Materials V 6300 7364 8428 Repairs 2250 2630 3010 Utilities 3375 i 3945 i 4515 Lubricants 1125 1315 1505
Indirect labor 10000 12624 14448 Indirect Materials V 6300 7364 8428 Repairs 2250 2630 3010 Utilities 3375 i 3945 i 4515 Lubricants 1125 1315 1505 Total Variable Costs 23850 27878 31906 Fixed Cotts Supervision 7830 Depreciation 5760 Insurance 2510 Rent 1730 Property Taxes 1120 Total Food Costs 18950 18950 18 Repairs $ 42000 $ 46828 50 Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 D F Un Neith nort Budget Actual Costs DOUTE COM eTextbook and Media Solution Your answer is partially correct Bumblebee Company estimates that 318.000 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 Fixed Overhead Costs Variable Overhead Costs Indirect labor $152,640 Supervision $93.960 Depreciation 69.120 Indirect materials 89,040 Insurance 30.720 Repairs 31,800 Rent 20,760 Utilities 47,200 Property taxes 13.440 Lubricants 15,900 $228.000 $337080 It is estimated that direct labor hours worked each month will range from 22.500 to 33.900 hours During October, 22.500 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,830, Depreciation 5,760. Insurance $2.510, Rent $1.730, and Property taxes $1,120. Variable overhead costs: Indirect tabor $11.890 indirect materials, 55.920, Repairs $2.1/0. Utilities 52.775, and Lubricants 51.415. (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,800 direct labor hours over the relevant range for the year ending December 31, 2020. La variable costs before and costs) BUMIM FREECOMMAN Indirect labor 10000 12624 14448 Indirect Materials V 6300 7364 8428 Repairs 2250 2630 3010 Utilities 3375 i 3945 i 4515 Lubricants 1125 1315 1505 Total Variable Costs 23850 27878 31906 Fixed Cotts Supervision 7830 Depreciation 5760 Insurance 2510 Rent 1730 Property Taxes 1120 Total Food Costs 18950 18950 18 Repairs $ 42000 $ 46828 50 Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 D F Un Neith nort Budget Actual Costs DOUTE COM eTextbook and Media Solution Your answer is partially correct Bumblebee Company estimates that 318.000 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 Fixed Overhead Costs Variable Overhead Costs Indirect labor $152,640 Supervision $93.960 Depreciation 69.120 Indirect materials 89,040 Insurance 30.720 Repairs 31,800 Rent 20,760 Utilities 47,200 Property taxes 13.440 Lubricants 15,900 $228.000 $337080 It is estimated that direct labor hours worked each month will range from 22.500 to 33.900 hours During October, 22.500 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,830, Depreciation 5,760. Insurance $2.510, Rent $1.730, and Property taxes $1,120. Variable overhead costs: Indirect tabor $11.890 indirect materials, 55.920, Repairs $2.1/0. Utilities 52.775, and Lubricants 51.415. (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,800 direct labor hours over the relevant range for the year ending December 31, 2020. La variable costs before and costs) BUMIM FREECOMMAN
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669170db9dd64_643669170db3d840.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669170dc403f0_643669170dbd3521.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669170dcebcd9_644669170dc88eff.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669170dd90f62_645669170dd2db68.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started