Question
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows:
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows:
| Indirect labor | $1.30 | |
|---|---|---|
| Indirect materials | 0.60 | |
| Utilities | 0.30 |
Fixed overhead costs per month are Supervision $3,900, Depreciation $1,900, and Property Taxes $700. The company believes it will normally operate in a range of 6,30011,700 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range of activity, using increments of 1,800 direct labor hours. (List variable costs before fixed costs.)
| MYERS COMPANY Monthly Manufacturing Overhead Flexible Budget For the Year 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Select an opening overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | ||||||||
| Select an overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a number | Enter a number | Enter a number | Enter a number | ||||
| Select an opening name for section one Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | ||||||||
| Select an overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | $Enter a dollar amount | $Enter a dollar amount | $Enter a dollar amount | $Enter a dollar amount | ||||
| Select an overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
| Select an overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
| Select a closing name for section one Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a total amount for section one | Enter a total amount for section one | Enter a total amount for section one | Enter a total amount for section one | ||||
| Select an opening name for section two Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | ||||||||
| Select an overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
| Select an overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
| Select an overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
| Select a closing name for section two Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | Enter a total amount for section two | Enter a total amount for section two | Enter a total amount for section two | Enter a total amount for section two | ||||
| Select a closing overhead flexible budget item Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs | $Enter a total amount for the overhead flexible budget | $Enter a total amount for the overhead flexible budget | $Enter a total amount for the overhead flexible budget | $Enter a total amount for the overhead flexible budget | ||||
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