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Question 6 of 9 View Policies < Current Attempt in Progress Sheridan Company is preparing its manufacturing overhead budget for 2022. Relevant data consist
Question 6 of 9 View Policies < Current Attempt in Progress Sheridan Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following Units to be produced (by quarters): 8,800, 10,560, 12,320, 14,080. Direct labor: Time is 3.00 hours per unit. -/1 1 Variable overhead costs per direct labor hour: indirect materials $1.60; indirect labor $2.40; and maintenance $1.00 Fixed overhead costs per quarter: supervisory salaries $36,300; depreciation $13,200, and maintenance $10,560. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, eg. 1.25. List variable expenses before fixed expense.) SHERIDAN COMPANY Manufacturing Overhead Budget Quarter 2
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