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 increments of 1,300
direct labor hours. (List variable costs before fixed
costs.)
MYERS COMPANY |
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Select an opening overhead flexible
budget item
Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs |
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Select an overhead flexible budget
item
Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs |
Enter a number | Enter a number | Enter a number | Enter a number | ||||
Select an opening name for section one
Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs |
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Select an overhead flexible budget
item
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
$Enter a dollar amount | $Enter a dollar amount | $Enter a dollar amount | $Enter a dollar amount | ||||
Select an overhead flexible budget
item
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
Select an overhead flexible budget
item
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
Select a closing name for section one
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
Enter a total amount for section one | Enter a total amount for section one | Enter a total amount for section one | Enter a total amount for section one | ||||
Select an opening name for section two
Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs |
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Select an overhead flexible budget
item
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
Select an overhead flexible budget
item
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
Select an overhead flexible budget
item
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | Enter a dollar amount | ||||
Select a closing name for section two
Activity Level Depreciation Direct Labor Hours Fixed Costs Indirect Labor Indirect Materials Property Taxes Supervision Total Costs Total Fixed Costs Total Variable Costs Utilities Variable Costs |
Enter a total amount for section two | Enter a total amount for section two | Enter a total amount for section two | Enter a total amount for section two | ||||
Select a closing overhead flexible
budget item
Activity LevelDepreciationDirect Labor HoursFixed CostsIndirect LaborIndirect MaterialsProperty TaxesSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsUtilitiesVariable Costs |
$Enter a total amount for the overhead flexible budget | $Enter a total amount for the overhead flexible budget | $Enter a total amount for the overhead flexible budget | $Enter a total amount for the overhead flexible budget |
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Monthly manufacturing overhead budget
For the year 2020
Activity level | ||||
Direct labor hour | 8100 | 9400 | 10700 | 12000 |
variable overhead | ||||
Indirect labor | 10530 | 12220 | 13910 | 15600 |
Indirect material | 4860 | 5640 | 6420 | 7200 |
Utilities | 3240 | 3760 | 4280 | 4800 |
Total variable cost | 18630 | 21620 | 24610 | 27600 |
Fixed Overhead | ||||
Supervision | 3800 | 3800 | 3800 | 3800 |
Depreciation | 1000 | 1000 | 1000 | 1000 |
Property taxes | 900 | 900 | 900 | 900 |
Total fixed overhead | 5700 | 5700 | 5700 | 5700 |
Total overhead | 24330 | 27320 | 30310 | 33300 |
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing over...
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...
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...
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...
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...
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 0.80 Utilities 0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $2,000, and Property Taxes $600. The company believes it will normally operate in a range of 6,100–10,000 direct labor hours per month. Assume that in July 2017, Blue 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 Indirect materials Utilities $1.30 0.60 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 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. 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. $1.40 Indirect labor Indirect materials 0.60 Utilities 0.40 8,200 13,300 direct labor hours Fixed overhead costs per month are Supervision $3,900, Depreciation $1,700, and Property Taxes $600. The company believes...
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 $1.00 0.80 0.20 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,400, and Property Taxes $700. The company believes it will normally operate in a range of 7,800-12,900 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...