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Secure https://edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni 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 1,400, and Property Taxes $700. The company believes it will normally operate in a range of 7,800-12,900 direct labor hours p Fixed overhead costs per month are Supervision $4,500, Depreciation month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using increments of 1,700 direct labor hours. (List variable costs before fixed costs.) MYERS COMPANY Monthly Manufacturing overfiead Fiexlble Budget For the Year 2017 irect Labor Hour ariable Indirect Material litie otal Variable Costs Fixed Costs Supervision eciati Tax

Explanation / Answer

Activity level: Direct labor hours 7800 9500 11200 12900 Variable costs: Indirect labor 7800 9500 11200 12900 Indirect materials 6240 7600 8960 10320 Utilities 1560 1900 2240 2580 Total variable costs 15600 19000 22400 25800 Fixed costs: Supervision 4500 4500 4500 4500 Depreciation 1400 1400 1400 1400 Property taxes 700 700 700 700 Total fixed costs 6600 6600 6600 6600 Total costs 22200 25600 29000 32400

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