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Copper Manufacturing has prepared the following monthly flexible manufacturing o

ID: 2505150 • Letter: C

Question

Copper Manufacturing has prepared the following monthly flexible manufacturing overhead budget for its Mixing Department:

COPPER MANUFACTURING

Monthly Flexible Manufacturing Overhead Budget

Mixing Department

Activity level

         Direct labor hours                                                             3,000                                 4,000

Variable costs

         Indirect materials                                                          $ 3,000                             $ 4,000

         Indirect labor                                                                   15,000                               20,000

         Factory supplies                                                                4,500                                 6,000

                  Total variable                                                       22,500                             30,000

Fixed costs

         Depreciation                                                                    20,000                               20,000

         Supervision                                                                     12,000                               12,000

         Property taxes                                                              15,000                             15,000

                  Total fixed                                                            47,000                             47,000

Total costs                                                                              $69,500                             $77,000

Instructions

Prepare a flexible budget at the 5,000 direct labor hours of activity.

Explanation / Answer

Hi,

Please find the answer as follows:

Flexible Budget - 5000 Hours

Notes:

1) Indirect Material = 3000/3000*5000 = 5000

2) Indirect Labor = 15000/3000*5000 = 25000

3) Factory Supplies = 4500/3000*5000 = 7500

Thanks.

Activity Level Direct labor hours 5000 Variable costs Indirect materials 5000 Indirect labor 25000 Factory supplies 7500 Total variable 37500 Fixed costs Depreciation 20000 Supervision 12000 Property taxes 15000 Total fixed 47000 Total costs 84500
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