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please help! thank you so much! Bumblebee Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020 , in the
please help! thank you so much!
Bumblebee Company estimates that 337,700 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. It is estimated that direct labor hours worked each month will range from 21.500 to 29.600 hours. During October, 21,500 direct labor hours were worked and the following overhead costs were incurred: During October, 21,500 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,350, Depreciation $6,000, Insurance $2,450, Rent $2,030, and Property taxes $1,090. Variable overhead costs: Indirect labor $10,920, Indirect materials, $4,320, Repairs $4.240, Utilities $4,630, and Lubricants $1,365. (a) Prepare a monthly manufacturing overtiead flexible budget for each increment of 2.700 direct labor hours over the relevant range for the year ending December 31,2020 . (Llst variable costs before foved costs) (b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) Step by Step Solution
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