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Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour Direct materials $ 5.40 Direct labor
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:
Fixed Cost per Month | Cost per Machine-Hour | ||||
Direct materials | $ | 5.40 | |||
Direct labor | $ | 42,500 | |||
Supplies | $ | 0.40 | |||
Utilities | $ | 1,900 | $ | 0.25 | |
Depreciation | $ | 14,700 | |||
Insurance | $ | 11,600 | |||
For example, utilities should be $1,900 per month plus $0.25 per machine-hour. The company expects to work 4,200 machine-hours in June. Note that the companys direct labor is a fixed cost.
Required:
Prepare the companys planning budget for June.
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