the lump sum and flexible budget

The Beal Manutacturing Company's costing system has two ditect-cost categories direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DMLH). At the beginning of 2020, Beal adopted the following standards for its manufacturing costs Click to view the standards Click to view additional information) Read the requirements d ore Requirement 1. Prepare a schedule of total standard manufacturing costs for the 7 600 output units in January 2020 miss Direct materials 5 152.000 Direct manufacturing labor 486 400 Variable manufacturing overhead 243 200 44 od Fed manufacturing overhead 273.600 Total 1.155 200 Requirement 2. For the morth of January 2020.compute the variances, indicating whether each is favorable (F) or unfavorable (U) Before computing the variances complete the tables below Begin by completing the table for direct materials DE LA Achal Costs Incand 1 Actual Input Quantity Budgeted Price Purchases Usage 161300 149.00 Flexible Budget S1600 Heinmal The Beal Manufacturing Company's costing system has two direct cost categories direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fived) is located to products on the basis of standard direct manufacturing labor hours (DMLH) At the beginning of 2020. Beal adopted the following standards for its manufacturing couts Click to view the standards (Click to view additional information Read the menta ed score - Actual Input Quantity Budgeted Price Actual Costs Incurred 1 153.100 Dicas Purchases 5161200 Usage $ 149 200 Flexible Budget $152.000 Orden price variance based on purchases.is 5 8000 F F The dominances 32300 Nou complete toate for direct labor Actual Costs Actual Input Quantity Incred Budgeted Price De Manufacturing Labor 5510250 $ 502 400 Flexible Budget 405,400 24 The and manufacturing labot pie val 7050 6. There and beyonce 110.000 U Help me solve this The Beal Manufacturing Company's costing system has two direct-cost categories direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor hours (DMLH). At the beginning of 2020, Beal adopted the following standards for its manufacturing costs Click to view the standards) Click to viw additional information ) Read the regulementa d ore UF 502 400 uuuyet 5 486 400 Direct Manufacturing Labor 5510250 5 c. The direct manufacturing labor price variancois $7,850 U d. The direct mandaling laborellidency wiances $ 16,000 14 (10) Non complete the table for variable overhead Actual input Actual Costs Quantity Budgeted Flexible Incurred Price Budget Variable Manufacturing Overhead 5 251 200 $ 243 200 REVIEW Finally complete the table for loved overhead Same Budgeted Lump Actual Costs Sum Regardless of Flexible CO24 incurred Output Level Budget Fred Manufacturing Overhead Allocated Overhead 5 243,200 Allocated Overhead 547200 X Data tabla The denominator level for total manufacturing overhead per month in 2020 is 37000 direct manufacturing labor-hours. Beal's budget for January 2020 was based on this denominator level. The records for January indicated the following Direct materials purchased 40 300 b at $3.80 per lb. Direct materials used 37300 B Direct manufacturing labor 31.400 hrs at $16.25 per hr Total actual manufacturing overhead (variable and Fixed) $650 000 Actual production 7 600 output units cing Print Done table - X Data table Cost per Input 5lb at $4 per lb Output Unit $ 20.00 Direct materials 4 hrs at $16 per hr 64.00 S8 per DMLH Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit 32.00 36.00 $9 per DMLH 152.00 Print Done