Exercise 22-11
Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following.
Units to be produced (by quarters): 10,100, 12,100, 14,100, 16,100. |
Direct labor: Time is 1.5 hours per unit. |
Variable overhead costs per direct labor hour: indirect materials $0.70; indirect labor $1.20; and maintenance $0.50. |
Fixed overhead costs per quarter: supervisory salaries $36,000; depreciation $17,000; and maintenance $13,000. |
Prepare the manufacturing overhead budget for the year, showing
quarterly data. (Round overhead rate to 2 decimal
places, e.g. 1.25. List variable expenses before fixed
expense.)
ATLANTA COMPANY Manufacturing Overhead Budget For the Quarter Ending December 31, 2020For the Year Ending December 31, 2020December 31, 2020 |
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Quarter | ||||||||||
1 |
2 |
3 |
4 |
Year |
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Total Manufacturing OverheadTotal FixedFixed CostsIndirect MaterialsDirect Materials Per UnitDirect Materials PurchasesDepreciationDesired Ending MaterialsIndirect LaborMaintenanceUnits to be ProducedSupervisory SalariesTotal Materials RequiredVariable CostsTotal Pounds Needed for ProductionTotal VariableBeginning Direct Materials |
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Indirect Materials Variable Costs Maintenance Total Manufacturing Overhead Indirect Labor Beginning Direct Materials Supervisory Salaries Total Fixed Total Materials Required Units to be Produced Total Pounds Needed for Production Total Variable Depreciation Desired Ending Materials Direct Materials Per Unit Direct Materials Purchases Fixed Costs |
$ | $ | $ | $ | $ | |||||
Maintenance Depreciation Total Materials Required Direct Materials Purchases Indirect Materials Variable Costs Direct Materials Per Unit Total Variable Supervisory Salaries Units to be Produced Fixed Costs Total Manufacturing Overhead Total Pounds Needed for Production Total Fixed Indirect Labor Beginning Direct Materials Desired Ending Materials |
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$ | $ | $ | $ | $ | ||||||
Direct labor hours |
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Manufacturing overhead rate per direct labor hour |
$ |
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Solution:
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