Units to be produced (by quarters): 12,000, 12,400, 14,100, 16,300. Direct labor

Question

Units to be produced (by quarters): 12,000, 12,400, 14,100, 16,300.
Direct labor: Time is 2.0 hours per unit.
Variable overhead costs per direct labor hour: Indirect materials $0.70; indirect labor $1.50; and maintenance $0.20.
Fixed overhead costs per quarter: Supervisory salaries $35,850; depreciation $16,420; and maintenance $12,580.

Complete the manufacturing overhead budget for the year, showing quarterly data.(Round overhead rate to 2 decimal places, e.g. 10.50. Round all other answers to 0 decimal places, e.g. 125.)

For the Year Ending December 31, 2011

Quarter

1

2

3

4

Year

$

$

$

$

$

$

Need this asap! Thanks

Explanation / Answer

Units 12000 12400 14100 16300 Indirect Material 16800 17360 19740 22820 Indirect Labor 36000 37200 42300 48900 Maintenance 4800 4960 5640 6520 Total Variable 57600 59520 67680 78240 Fixed Overheads Supervisory Salaries 35850 35850 35850 35850 Depreciation 16420 16420 16420 16420 Maintenance 12580 12580 12580 12580 Total Fixed 64850 64850 64850 64850 Total Manufacturing 122450 124370 132530 143090 DL Hours 24000 24800 28200 32600 Manufacturing Overhead Rate Pe hour 5.1 5.0 4.7 4.4

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.