The Hoffman Company is in the process of preparing its manufacturing overhead bu

Question

The Hoffman Company is in the process of preparing its manufacturing overhead budget for the u Sales are projected to be 44,000 units. Information about the various manufacturing overhead costs follows (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Hoffman Company for the upcoming year pcoming year Data Table Variable rate per unit $1.40 $0.60 $0.50 $0.10 $0.30 Total fixed costs $69,000 $34,000 $14,000 $47,000 $25,000 $67,000 Depreciation on plant and equipment .. Insurance on plant and equipment . . .. .

Explanation / Answer

Projected sales 44000 Variable manufacturing overhead: Indirect materials 61600 Supplies 26400 Indirect labor 22000 Plant utilities 4400 Repairs and maintenance 13200 Total Variable manufacturing overhead 127600 Fixed manufacturing overhead: Indirect labor 69000 Plant utilities 34000 Repairs and maintenance 14000 Depreciation 47000 Insurance 25000 Plant supervision 67000 Total Fixed manufacturing overhead 256000 Total manufacturing overhead 383600

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