The following selected data were taken from the accounting records of Metcalf Manufacturing. The company uses direct-labor hours as its cost driver for overhead costs. Month January February March April May June Direct-Labor Manufacturing Hours Overhead 34,000 $698,000 36,000 737,000 46,000 896,000 37,000 753,500 41,000 801,000 39,000 798,000 March's costs consisted of machine supplies ($248,400), depreciation ($31,000), and plant maintenance ($616,600). These costs exhibit the following respective behavior: variable, fixed, and semivariable. The manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cost, which is step- fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amounts to $76,000. The cost is $152,000 from 15,000-29,999 hours and $228,000 when activity reaches 30,000 hours or more. Required: 1. Determine the machine supplies cost and depreciation for January. 2. Using the high-low method, analyze Metcalf's plant maintenance cost and calculate the monthly fixed portion and the variable cost per direct-labor hour. 3. Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount of manufacturing overhead the company can expect in November if 29,600 direct-labor hours are worked. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the machine supplies cost and depreciation for January. Machine supplies cost Depreciation (Required 1 Required 2 > The following selected data were taken from the accounting records of Metcalf Manufacturing. The company uses direct-labor hours as its cost driver for overhead costs. Month January February March April May June Direct-Labor Manufacturing Hours Overhead 34,000 $698,000 36,000 737,000 46,000 896,000 37,000 753,500 41,000 801,000 39,000 798,000 March's costs consisted of machine supplies ($248,400), depreciation ($31,000), and plant maintenance ($616,600). These costs exhibit the following respective behavior: variable, fixed, and semivariable. The manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cost, which is step- fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amounts to $76,000. The cost is $152,000 from 15,000-29,999 hours and $228,000 when activity reaches 30,000 hours or more. Required: 1. Determine the machine supplies cost and depreciation for January. 2. Using the high-low method, analyze Metcalf's plant maintenance cost and calculate the monthly fixed portion and the variable cost per direct-labor hour. 3. Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount of manufacturing overhead the company can expect in November if 29,600 direct-labor hours are worked. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the high-low method, analyze Metcalf's plant maintenance cost and calculate the monthly fixed portion and the variable cost per direct-labor hour. (Round your "Variable cost per hour" answer to 2 decimal places.) Variable cost per hour Fixed cost per month The following selected data were taken from the accounting records of Metcalf Manufacturing. The company uses direct-labor hours as its cost driver for overhead costs. Month January February March April May June Direct-Labor Manufacturing Hours Overhead 34,000 $698,000 36,000 737,000 46,000 896,000 37,000 753,500 41,000 801,000 39,000 798,000 March's costs consisted of machine supplies ($248,400), depreciation ($31,000), and plant maintenance ($616,600). These costs exhibit the following respective behavior: variable, fixed, and semivariable. The manufacturing overhead figures presented in the preceding table do not include Metcalf's supervisory labor cost, which is step- fixed in nature. For volume levels of less than 15,000 hours, supervisory labor amounts to $76,000. The cost is $152,000 from 15,000-29,999 hours and $228,000 when activity reaches 30,000 hours or more. Required: 1. Determine the machine supplies cost and depreciation for January. 2. Using the high-low method, analyze Metcalf's plant maintenance cost and calculate the monthly fixed portion and the variable cost per direct-labor hour. 3. Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount of manufacturing overhead the company can expect in November if 29,600 direct-labor hours are worked. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that present cost behavior patterns continue into the latter half of the year. Estimate the total amount of manufacturing overhead the company can expect in November if 29,600 direct-labor hours are worked. Manufacturing overhead cost Required 2 Required 3 >
