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:: Delive.xy [.f wileyp × CC Chegg × YG CETL-C ? UX a Secure https://edugen.wileyplus.com/edugen/student/mainfr.uni PRIN. Kimmel, Accounting, Gradebook ORION Downloadable eTextbook study & Practice CALCULATOR FULL SCREEN PRINTER VERSTON4E RCE k FA1Z 2elmer Company manufacthures tablecdoths Sales havwe growm rapidy over the past 2 years, As a result, the prasident has installed a budgetary control system for 2017, The folloving data were used in developing the master ma overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Rate per Direct Variable costsLabor Hour Indirect labor Annual Fixed Costs 50.43 Supervision $45,120 18,000 17,640 27,720 by StudyIndirect materials Factory utilties Factory repairs 0.33 Insurance 0.21 Rent The master overhead budget was prepared on the expectation that 480,800 direct labor hours will be worked during the year. In June. 46,500 direct labor hours were worked. At that level of activity, actual costs were as showm b Variable-per dire¢ labor hour: indirect labor $0.47, indirect materials S0.50, factory utilities so.37, and factory repairs s0.25. Fixedi same as budgeterd v (a) & (b) (a) Prepare a monthly manufacturing overhead Rlesxible budget for the year ending December 31, 2017, assuming production levels range from 38,700 to 53,400 direct labor hours. Use increments of 4,900 direct labor hours. (4 variable costs before fixed costs.) ZELMER COMPANY Monthly Manufacharing Overhead Flexible Budget Ironing For the Year 2017

Explanation / Answer

ZELMER COMPANY Monthy Manufacturing Overhead Flexible Budget Ironing Department For the year 2017 Activity Level: Direct Labor Hours 38700 43600 48500 53400 Variable Costs:     Indirect Labor 16641 18748 20855 22962     Indirect Materials 20124 22672 25220 27768     Factory Utilities 12771 14388 16005 17622     Factory Repairs 8127 9156 10185 11214 Total Variable Costs 57663 64964 72265 79566 Fixed Costs:     Supervision 45120 45120 45120 45120     Depreciation 18000 18000 18000 18000     Insurance 17640 17640 17640 17640     Rent 27720 27720 27720 27720 Total Fixed Costs 108480 108480 108480 108480 Total Budgeted Costs 166143 173444 180745 188046 ZELMER COMPANY Ironing Department Manufacturing Overhead Flexible Budget Report For the June 2017 Budget Actual Difference Favorubale/ Unfavourable Netiher Fav. nor Unfav. Direct Labor Hours 46500 46500 Variable Costs:     Indirect Labor 19995 21855 1860 Unfavourable     Indirect Materials 24180 23250 930 Favorubale     Factory Utilities 15345 17205 1860 Unfavourable     Factory Repairs 9765 11625 1860 Unfavourable Total Variable Costs 69285 73935 4650 Unfavourable Fixed Costs:     Supervision 45120 45120 0 Neither nor     Depreciation 18000 18000 0 Neither nor     Insurance 17640 17640 0 Neither nor     Rent 27720 27720 0 Neither nor Total Fixed Costs 108480 108480 0 Neither nor Total Budgeted Costs 177765 182415 4650 Unfavourable

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