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Flexible Overhead Budget Wiki Wiki Company has determined that the variable overhead rate is $4.1 per...

Flexible Overhead Budget

Wiki Wiki Company has determined that the variable overhead rate is $4.1 per direct labor hour in the Fabrication Department. The normal production capacity for the Fabrication Department is 10,000 hours for the month. Fixed costs are budgeted at $66,000 for the month.

a. Prepare a monthly factory overhead flexible budget for 8,800, 10,000, and 11,200 hours of production. Enter all amounts as positive numbers.

Wiki Wiki Company
Monthly Factory Overhead Cost Budget-Fabrication Department
Direct labor hours 8,800 10,000 11,200
Variable factory overhead cost $ $ $
Fixed factory overhead cost
Total factory overhead $ $ $

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Calculate the variable costs at each level of direct labor hours; remember to include fixed costs.

b. How much overhead would be applied to production if 11,200 hours were used in the department during the month? If required, round your calculations to two decimal places and your final answer to the nearest dollar.
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