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Please do not copy from Chegg. Only attempt if you are sure about the answer. Solve in a step by step manner, explaining each step.
Please do not copy from Chegg. Only attempt if you are sure about the answer. Solve in a step by step manner, explaining each step.
Kenwood Company's manufacturing overhead costs for the assembly departmentare given below Fixed Costs Variable costs Per Month Per Hour Indirect Labor $1,400 $ 95 Payroll Taxes 105 Indirect Materials 220 20 Power and Water 340 35 Depreciation 1,020 Taxes and Insurance 450 Repairs 175 .15 00 Prepare a fexible budget for the department for the month of May 2016, assuming that the expected production is for 2,000 direct labor hours. The fexible budget should show costs for production levels of 90 percent and 110 percent of the expected production level of 2.000 hours KENWOOD COMPANY Flexible Budget for Manufacturing Overhead Month of May, 2016 Activity Level hrs hes Number of direct labor hours Percent of expected activity Variable costs Indirect labor Payroll taxes Indirect materials Power and water Repairs Fored costs Usilities Payroll taxes Indirect materiais Power and water Depreciation Taxes and insurance Ubities Total fixed costs Total manufacturing overhead si $
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