umblebee Company estimates that 403,000 direct labor hours will
be worked during the coming year, 2020, in the Packaging
Department. On this basis, the following budgeted manufacturing
overhead cost data are computed for the year.
Fixed Overhead Costs |
Variable Overhead Costs |
|||||
---|---|---|---|---|---|---|
Supervision |
$94,920 |
Indirect labor |
$161,200 |
|||
Depreciation |
66,360 |
Indirect materials |
112,840 |
|||
Insurance |
29,760 |
Repairs |
80,600 |
|||
Rent |
29,400 |
Utilities |
100,750 |
|||
Property taxes |
22,560 |
Lubricants |
24,180 |
|||
$243,000 |
It is estimated that direct labor hours worked each month will
range from 29,800 to 36,100 hours.
During October, 29,800 direct labor hours were worked and the
following overhead costs were incurred.
Fixed overhead costs: Supervision $7,910, Depreciation $5,530,
Insurance $2,435, Rent $2,450, and Property taxes $1,880.
Variable overhead costs: Indirect labor $13,010, Indirect
materials, $7,924, Repairs $5,910, Utilities $7,890, and Lubricants
$2,098.
(a) Prepare a monthly manufacturing overhead
flexible budget for each increment of 2,100 direct labor hours over
the relevant range for the year ending December 31, 2020.
(List variable costs before fixed
costs.)
(b) Prepare a flexible budget report for
October. (List variable costs before fixed
costs.)
Solution a:
Solution b:
umblebee Company estimates that 403,000 direct labor hours will be worked during the coming year, 2020,...
Problem 23-1A a-b (Video) Sheffield Company estimates that 403,000 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year Fixed Overhead Costs Variable Overhead Costs $161,200 Supervision $94,920 Indirect labor Depreciation 66,360 Indirect materials 112,840 Insurance 29,760 Repairs 80,600 Utilities Rent 29,400 100,750 Property taxes 22,560 Lubricants 24,180 $243,000 $479,570 It is estimated that direct labor hours worked each month...
Johnson Company estimates that 378,500 direct labor hours will be worked during the coming year, 2020, in the the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs _______________________________ Supervision $87,840 Depreciation $68,760 Insurance $30,000 Rent $24,360 Property Taxes $18,480 Total: $229,440 Variable Overhead Costs __________________________________ Indirect labor $166,540 Indirect materials $83,270 Repairs $37,850 Utilities $75,700 Lubricants $30,280 Total: $393,640 It is estimated that direct labor hours worked each...
Bumblebee Company estimates that 315,600 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs Supervision $88,800 Indirect labor $145,176 Depreciation 70,080 Indirect materials 69,432 Insurance 29,040 Repairs 31,560 Rent 25,440 Utilities 63,120 Property taxes 21,840 Lubricants 15,780 $235,200 $325,068 It is estimated that direct labor hours worked each month will range from 25,700...
Sheffield Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.Fixed Overhead CostsVariable Overhead CostsSupervision$88,200Indirect labor$155,342Depreciation72,000Indirect materials74,294Insurance29,760Repairs67,540Rent24,360Utilities67,540Property taxes13,080Lubricants16,885$227,400$381,601It is estimated that direct labor hours worked each month will range from 21,500 to 29,600 hours.During October, 21,500 direct labor hours were worked and the following overhead costs were incurred.Fixed overhead costs: Supervision $7,350, Depreciation $6,000, Insurance $2,450, Rent $2,030, and Property taxes $1,090.Variable overhead costs: Indirect...
Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Variable Overhead Costs Fixed Overhead Costs Supervision $94,440 Indirect labor $174,570 Depreciation 73,320 Indirect materials 75,900 25,560 Repairs Insurance 53,130 Rent 21,120 Utilities 94,875 Property taxes 20,880 Lubricants 37,950 $436,425 $235,320 It is estimated that direct labor hours worked each month will range from 24,900 to...
Bumblebee Company estimates that 334,400 direct labor hours will be worked during the coming year, 2020, in the Packaging Department on this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs Supervision S92,760 Indirect labor $140,448 Depreciation 66,280 Insurancs 71.760 Indirect materials 31,080 Repairs 18,940 Utilities 46016 Rent 66,990 Property taxes 17,400 Lubricants 20.064 $231.940 $341.088 It is estimated that direct labor hours worced each month will range from 29,300...
Bumblebee Company estimates that 366,700 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $90,000 75,240 31,320 27,000 13,200 $236,760 Variable Overhead Costs Indirect labor $168,682 Indirect materials 102,676 Repairs 73,340 Utilities 55,005 Lubricants 18,335 $418,038 It is estimated that direct labor hours worked each month will range from 29,200 to...
Problem 22-1A
Bumblebee Company estimates that 402,100 direct labor hours will be
worked during the coming year, 2017, in the Packaging Department.
On this basis, the budgeted manufacturing overhead cost data are
computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$91,800
Indirect labor
$184,966
Depreciation
69,960
Indirect materials
104,546
Insurance
32,040
Repairs
64,336
Rent
22,560
Utilities
60,315
Property taxes
22,680
Lubricants
40,210
$239,040
$454,373
It is estimated that direct labor hours worked each month will
range from...
Problem 22-1A Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs $85,680 Indirect labor $128,920 Supervision Indirect materials 83,798 Depreciation 74,280 Insurance 24,600 Repairs 45,122 Utilities Rent 18,120 48,345 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct labor hours worked each month will range from...
Problem 22-1A
Bumblebee Company estimates that 300,000 direct labor hours will
be worked during the coming year, 2017, in the Packaging
Department. On this basis, the budgeted manufacturing overhead cost
data are computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$84,000
Indirect labor
$120,000
Depreciation
66,000
Indirect materials
60,000
Insurance
24,000
Repairs
30,000
Rent
18,000
Utilities
45,000
Property taxes
12,000
Lubricants
15,000
$204,000
$270,000
It is estimated that direct labor hours worked each month will
range from...