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Please show cell References when possible. Thunder Creek wants to finish each month with 20% of next month's sales in units. Prepare a production budget.
Please show cell References when possible.
Thunder Creek wants to finish each month with 20% of next month's sales in units. Prepare a production budget. (When entering answers in the production budget, use the sales budget for your cell references. Enter all values as positive--without a minus sign--in row 18.) Hint: Beginning inventory for the period is equal to the ending inventory of the previous period. 1. Thunder Creek Company prepares its Manufacturing Overhead Budget. For each direct labor hour, the variable overhead costs are: Indirect Materials = \$2.50 per DLH; Indirect Labor Cost =$2.80 per DLH; Maintenance =$2.30 per DLH 2. The Fixed Overhead Costs per month are: Salaries of $45,000, Depreciation =$35,000 and Maintenance =$25,000. Prepare a Manufacturing Overhead Budget. (When entering answers in the manufacturing overhead budget, use the direct labor budget for your cell references.) Use '=ROUND' function to round the predetermined overhead allocation rate to two decimal places. Manufacturing overhead is allocated using direct labor hoursStep by Step Solution
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