Exercise 21-11 Your answer is partially correct. Try again. Atlanta Company is p

Question

Exercise 21-11 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 quarters): 10,200, 12,400, 14,700, 16,700. Direct labor: Time is 1.6 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.80; indirect labor $1.30; and maintenance $0.60. Fixed overhead costs per quarter: supervisory salaries $36,320; depreciation $18,770; and maintenance $14,330 Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25, List variable expense

Explanation / Answer

Q-1 Q-2 Q-3 Q-4 YEAR Budgeted Production 10200 12400 14700 16700 54000 Labour hours per unit 1.6 1.6 1.6 1.6 1.6 Budgeted labour hors 16320 19840 23520 26720 86400 MNAUFACTURING OVERHEADS BUDGET: Variable cost: Indirect material 13056 15872 18816 21376 69120 Indirect labouor 21216 25792 30576 34736 112320 maintenance 9792 11904 14112 16032 51840 Total variable cost 44064 53568 63504 72144 233280 Fixed cost: Supervisor salaries 36320 36320 36320 36320 145280 Depreciation 18770 18770 18770 18770 75080 Maintenance 14330 14330 14330 14330 57320 Total Fixed cost 69420 69420 69420 69420 277680 Total Manufacturing OH 113484 122988 132924 141564 510960 Direct Labour horus 16320 19840 23520 26720 86400 Manufacturing OH rate per hour 5.91

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