Exercise 23-11 Your answer is partially correct. Try again. Atlanta Company is p

Question

Exercise 23-11 Your answer is partially correct. Try again. Atlanta Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the following Units to be produced (by qarters): 10,400, 12,200, 14,700, 17,000. Direct labor: Time is 1.5 haurs per unit. Variable overhead costs pe direct labor hour: indirect materials $o.90; indirect labor $1.30; and maintenance $0.70. Fixed overhead costs per arter; supervisory saares $37,240; depreciation 18,190. and maintenance $14,310. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.) ATLANTA COMPANY g Overhead Budget Quarter Year Indirect Material 5 16470 19845 22950 73305 Indirect Labor 14040 28665 33150 105885 20280 23790 Maintenance

Explanation / Answer

1 2 3 4 year Variable costs indirect materials 0.9 14040 16470 19845 22950 73305 indirect labor 1.3 20280 23790 28665 33150 105885 maintenance 0.7 10920 12810 15435 17850 57015 total variable 2.9 45240 53070 63945 73950 236205 fixed costs Supervisory salaries 37,240 37,240 37,240 37,240 148,960 Depreciation 18,190 18,190 18,190 18,190 72,760 maintenance 14,310 14,310 14,310 14,310 57,240 total fixed 69,740 69,740 69,740 69,740 278,960 total manufacturing overhead 114,980 122,810 133,685 143,690 515,165 Direct labor hours 15600 18300 22050 25500 81450 Manufacturing overhead rate 6.32 per direct labor hour

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