lenovo Everose 22-8 c | Secure https/ ileyPLUS weygandt, Accounting Principles,

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lenovo Everose 22-8 c | Secure https/ ileyPLUS weygandt, Accounting Principles, 12e Accounting Principles I & It (BU 155-15 Read, Study & Practice ne cment> Open Assignment IGNMENT RESOURCES 24 Homework, due Problem 24-1A Bumblebee Company estimates that 334,300 drect labor hours wil be cost data are computed for the year worked duning the coming year, 2017, in the Packaing Department. On this basis, the budgeted manufacturing ovarhead Fixed Overhead Costs Variable Overhead Costs $92,040 Indirect labor L 5160,464 7.400 Indirect materials 28,800 Repairs 26,540 Utlities 18,840 Lubricants rm. Results by Study | insurance 53,488 0,145 Property taxes $243,720 377,759 It is estimated that direct labor hours worlked each month will range from 21,300 to 33,300 hours During October, 21,300 diract labor hours were worked and the follawing overhead costs were incurred. Fixed averhead costs: Supervison $7,670, Depreciation $6,450, Insurance $2,355, Rent $2,220, and Property taxes $1,570. Variable cverhead costs: Indirect labor $11,294, Indirect materials, $5,584, Repaiers $3,358, tities ubricants $1,598 (a) Prepare a morthly manufacturing overhead flexible budget for each increment of 4,000 drect labor hours aver the relevant range for the year ending December 31. 2017 (List variable $3,645, and u costs hefore fixed costs-) Overhead Flexible Budget OAsk me anything

Explanation / Answer

Solution a:

Computation of standard variable overhead per direct labor hour Particulars Budgeted Cost Budgted DLH Overhead Rate Indirect Labor $160,464.00 334300 $0.48 Indirect materials $93,604.00 334300 $0.28 Repairs $53,488.00 334300 $0.16 Utilities $50,145.00 334300 $0.15 Lubricants $20,058.00 334300 $0.06

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