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Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour Direct materials $ 5.40 Direct labor
Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs:
Fixed Cost per Month | Cost per Machine-Hour | |
---|---|---|
Direct materials | $ 5.40 | |
Direct labor | $ 42,400 | |
Supplies | $ 0.40 | |
Utilities | $ 1,100 | $ 0.30 |
Depreciation | $ 14,600 | |
Insurance | $ 11,800 |
For example, utilities should be $1,100 per month plus $0.30 per machine-hour. The company expects to work 4,100 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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