35. Ski Mountain West Manufacturing applies manufacturing overhead to products o

Question

35. Ski Mountain West Manufacturing applies manufacturing overhead to products on the basis of machine hours. For the most recent month, the company based its budget on 4,000 machine hours. Budgeted and actual overhead costs for the month appear below Budgeted Actual Costs Costs Variable overhead costs: Supplies $ 14,000$13,150 Indirect labor -27,200+ 24,390 Fixed overhead costs: 19,900 19.540 Supervision 4,7004360 8,620 Utilities 8,800 Total overhead costs $ 74,600 70.060 company actually worked 3,690 machine hours during the month. Prepare a flexible budgct performance report for the month for Ski Mountain West. (8 points) The

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Flexible Budget Actual costs Difference F or U Variable Overhead costs: Supplies = 14000/4000*3690                 12,915.00                 13,150.00                    (235.00) U Indirect Labour=27200/4000*3690                 25,092.00                 24,390.00                       702.00 F   Total Variable overhead costs                 38,007.00                 37,540.00                       467.00 F   Fixed overhead costs: Supervision                 19,900.00                 19,540.00                       360.00 F   Utilities                   4,700.00                   4,360.00                       340.00 F   Factory depreciation                   8,800.00                   8,620.00                       180.00 F   Total fixed overhead costs                 33,400.00                 32,520.00                       880.00 F   Total Overhead costs = Variable + fixed                 71,407.00                 70,060.00                   1,347.00 F

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