Complete the monthly flexible manufacturing overhead budget for the year ending
ID: 2387717 • Letter: C
Question
Complete the monthly flexible manufacturing overhead budget for the year ending December 31, 2010, assuming production levels range from 35,000 to 50,000 direct labor hours. Use increments of 5,000 direct labor hours.
FULTZ COMPANY
Monthly Manufacturing Overhead Flexible Budget
Ironing Department
For the Year 2010
Activity level
Direct labor hours
Variable costs
Indirect labor
$
$
$
$
Indirect materials
Factory utilities
Factory repairs
Tot. variable costs
Fixed costs
Supervision
Depreciation
Insurance
Rent
Tot. fixed costs
Total costs
$
$
$
$
Complete the monthly flexible manufacturing overhead budget for the year ending December 31, 2010, assuming production levels range from 35,000 to 50,000 direct labor hours. Use increments of 5,000 direct labor hours.
FULTZ COMPANY
Monthly Manufacturing Overhead Flexible Budget
Ironing Department
For the Year 2010
Activity level
Direct labor hours
Variable costs
Indirect labor
$
$
$
$
Indirect materials
Factory utilities
Factory repairs
Tot. variable costs
Fixed costs
Supervision
Depreciation
Insurance
Rent
Tot. fixed costs
Total costs
$
$
$
$
Explanation / Answer
FULTZ COMPANY Manufacturing Overhead Flexible Budget For the year ended , 2010 Production in units $30,000 $35,000 40000 $45,000 50000 Variable costs Indirect labor 30,000 35,000 40000 45,000 50000 Indirect materials 60,000 70,000 80,000 90,000 100,000 Factory utilities 15,000 17,500 20,000 22,500 25,000 Factory repairs 500 1,000 1500 2,000 2500 Total variablecosts 105,500 123,500 141500 159,500 177500 Fixed costs 17,000 18,000 19000 20,000 21000 Supervision 10,000 11,000 12000 13,000 14,000 Depreciation 500 1,000 1500 2,000 2500 Inrance 400 600 800 1,000 1,500 Rent 1,000 1,500 2,000 2,500 3,000 Total fixed costs 28,900 32,100 35300 38,500 42000 Total costs 134,400 155,600 176,800 198,000 219,500
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