Manufacturing Ind Manufacturing Cost Budget For quarter ended June 30,20XX Quarter Direct Materials Production needs(pounds)-found on Budget3 Cost pe Total Cost of material issued to 530,000 $8 4,240,000 665,000 $8 $5320,000 630,000 ,825,000 5,040,000 Direct Labor Units to be produced (Reference Budget 2 Direct labor time per unit (hours Total hours needed Cnet nar hour 8,000 8,000 64,000 170,000 92,000 232,000 0 26 256,000 680,000 #4 Manufacturing Cost Budget Manufacturing Inc Manufacturing Cost Budget For quarter ended June 30, 20xX April Ma June Quarter Direct Materials Production needs(poundsfound on Budget3 Cost per pound Total Cost of material issued to production 530,000 8 4,240,000 630,000 $8 5,040,000 665,000 S8 $5,320,000 1,825,000 $8 14,600,000 Direct Labor: Units to be produced (Reference Budget 2) Direct labor time per unit (hours Total hours needed Cost per hour Total cost of Direct Labor 8,000 58,000 64,000 70,000 192,000 $9.25 1,776,000 232,000 9.25 2,146,000 256,000 $9.25 $2,368,000 680,000 9.25 6,290,000 Manufacturing Overhead Budgeted direct labor hours needed (Reference Row 50 above) Variable overhead rate Budgeted variable overhead Budgeted Fixed overhead Total Manufacturing Overhead Total Manufacturing Cost 680,000 3.00 $2,040,000 336,000 $2,376,000 23,266,000 192,000 232,000 256,000 $576,000 36,000 $912,000 6,928,000 $696,000 336,000 $1,032,000 $8,218,000 $768,000 36,000 $1,104,000 $8,792,000