At the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials...
At the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials of $166,000 and fixed factory overhead of $10,300 for 8,000 hours of production. The department actually completed 11,900 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting?
Round your final answer to the nearest dollar. Do not round interim calculations.
a.$447,625
b.$304,300
c.$309,321
d.$452,646
Homework Answers
Option A is correct
direct material =166000
direct labour = 128000
fixed over heads = 10300
value of excess hours of production = 143325
total budget for the department = 447625
Working Notes :
calculation of value for Actual hours
Rate per hour = (direct materials + direct labour) / budgeted hours
= (128000 + 166000) / 8000
= 294000 / 8000
= 36.75
value of excess hours of production using rate per hour = (11900 - 8000) * 36.75
= 143325
Thank you so much
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