Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wildhorse Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows.

Wildhorse Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities Indirect labor $1.30 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,500, and Property Taxes $700. The company believes it will normally operate in a range of 6,100-10,600 direct labor hours per month. Assume that in July 2022, Wildhorse Company incurs the following manufacturing overhead costs. Indirect materials 0.60 Variable Costs Utilities 0.30 $11,560 5,290 Fixed Costs Supervision Depreciation 2,280 Property taxes $4,500 1,500 700 (a) Prepare a flexible budget performance report, assuming that the company worked 9,100 direct labor hours during the month. (List variable costs before fixed costs.) WILDHORSE COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2022
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Wildhorse Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Fixed overhead costs per menthare Supervision $4,500, Depreciation $1.500, and Property Taxes $700. The company belleves it will normally operate in a range of 6,10010,600 diroct labor hours per month. Assume that in July 2022. Wildhorse Compamy incurs the followingmanufacturing overhead costs. (a) Prepare alleable budget performance report, issuming that the company worked 9,100 direct labor hours durirk the month (blit warloble conts before fixed costs) variatie costs before fored corts. WILDHORSE COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2022 Differen Favorab Unfavoral Neither Fave nor Unfavol WILDHORSE COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2022 Difference Favorable Unfavorable Neither Favorable Budget Actual Costs nor Unfavorable (b) Prepare a flexible budget performance report, assuming that the compamy worked 8,100 direct labor hours during the month. fList. varlable corts befone foud coits.) WILDHORSE COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2022 Difference Favorable Unfavorable Neither Favorable Budget. Actual Costs nor Unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing E Commerce Systems And IT Infrastructure

Authors: Pearson

1st Edition

0536903662, 978-0536903662

More Books

Students also viewed these Accounting questions

Question

5. What are the eff ects of MAOIs?

Answered: 1 week ago

Question

Discuss the purpose of an investment policy statement.

Answered: 1 week ago

Question

5. Prepare for the role of interviewee

Answered: 1 week ago

Question

6. Secure job interviews and manage them with confidence

Answered: 1 week ago