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BLUE COMPANY | ||||
Manufacturing Overhead Flexible Budget Report | ||||
For the Month Ended July 31, 2017 | ||||
Budget | Actual Costs | Difference | ||
Direct Labor Hours | 8700 | 8700 | ||
Variable Costs | ||||
Indirect labor | 11310 | 11050 | 260 | Favorable |
Indirect materials | 6960 | 6790 | 170 | Favorable |
Utilities | 2610 | 2180 | 430 | Favorable |
Total Variable Costs | 20880 | 20020 | 860 | Favorable |
Fixed Costs | ||||
Supervision | 4300 | 4300 | 0 | Neither Favorable nor Unfavorable |
Depreciation | 2000 | 2000 | 0 | Neither Favorable nor Unfavorable |
Property taxes | 600 | 600 | 0 | Neither Favorable nor Unfavorable |
Total Fixed Costs | 6900 | 6900 | 0 | Neither Favorable nor Unfavorable |
Total costs | 27780 | 26920 | 860 | Favorable |
Workings: | ||||
Variable Costs | ||||
Indirect labor | 11310 | =8700*1.30 | ||
Indirect materials | 6960 | =8700*0.80 | ||
Utilities | 2610 | =8700*0.30 |
Blue Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Blue 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
$1.30
Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,300, Depreciation
$1,000, and Property Taxes $900. The company believes it will
normally operate in a range of 8,200–13,300 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2017
for the expected range of activity, using...
Sarasota 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
$1.10
Indirect materials
0.70
Utilities
0.20
Fixed overhead costs per month are Supervision $4,000, Depreciation
$1,500, and Property Taxes $700. The company believes it will
normally operate in a range of 6,400–10,000 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2017
for the expected range of activity, using...
Myers 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 $1.00 Indirect materials 0.50 Utilities 0.30 Fixed overhead costs per month are Supervision $4,100, Depreciation $1,000, and Property Taxes $500. The company believes it will normally operate in a range of 5,800–10,600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...
Myers 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 $1.00 Indirect materials 0.70 Utilities 0.20 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,000, and Property Taxes $500. The company believes it will normally operate in a range of 7,000–10,600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...
Myers 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 $1.00 Indirect materials 0.70 Utilities 0.20 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,000, and Property Taxes $500. The company believes it will normally operate in a range of 7,000–10,600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...
Myers 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
$1.00
Indirect materials
0.70
Utilities
0.20
Fixed overhead costs per month are Supervision $4,100, Depreciation
$1,900, and Property Taxes $700. The company believes it will
normally operate in a range of 7,300–10,900 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2020
for the expected range of activity, using...
Myers 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
$1.30
Indirect materials
0.60
Utilities
0.40
Fixed overhead costs per month are Supervision $3,800, Depreciation
$1,000, and Property Taxes $900. The company believes it will
normally operate in a range of 8,100–12,000 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2020
for the expected range of activity, using...
Myers 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 $1.30 0.70 0.40 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,000, and Property Taxes $700. The company believes it will normally operate in a range of 6,300-11,100 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Myers 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 $1.10 Indirect materials 0.80 Utilities 0.40 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,300, and Property Taxes $800. The company believes it will normally operate in a range of 7,600–10,600 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Myers 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 $1.00 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4,200, Depreciation $1,800, and Property Taxes $600. The company believes it will normally operate in a range of 7,000–13,000 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...