Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 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. Fixed Overhead Costs Variable Overhead Costs $85,680 $128,920 Supervision Indirect labor 74,280 Depreciation Indirect materials 83,798 24,600 Repairs Insurance 45,122 48,345 Utilities Rent 18,120 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct labor hours worked each month will range from 29,500 to 37,600 hours. During October, 29,500 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,140, Depreciation $6,190, Insurance $2,025, Rent $1,510, and Property taxes $1,610. Variable overhead costs: Indirect labor $12,880, Indirect materials, $7,220, Repairs $4,070, Utilities $4,705, and Lubricants $1,725. (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 2,700 direct labor hours over the relevant range for the year ending December 31 202n List variable.costs hefore fived.costs (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 2,700 direct labor hours over the relevant range for the year ending December 31, 2020. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2020 Activity Level Depreciation Direct Labor Direct Labor Hours Direct Materials Fixed Costs Indirect Labor Indirect Materials $ $ Insurance Lubricants Property Taxes Rent Repairs Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs December 31, 2020. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2020 $ $ $ $ $ (b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable (b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable $ (b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable Activity Level Depreciation Direct Labor Direct Labor Hours Direct Materials $ $ Fixed Costs Indirect Labor Indirect Materials Insurance Lubricants Property Taxes Rent Repairs Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs $ $ $
