Blossom Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be produced (by quarters): 10, 600, 12,400, 14,700, 16, 300. Direct labor: Time is 1.6 hours per unit. Variable overhead costs per direct labor hour: indirect materials$0.80; indirect labor$1.30; and maintenance$0.70. Fixed overhead costs per quarter: supervisory salaries$37,020; depreciation$19, 700; and maintenance$13,530. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.) BLOSSOM COMPANY Manufacturing Overhead Budget Quarter 1q, 2q, 3
Blossom Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be produced (by quarters): 10, 600, 12,400, 14,700, 16, 300. Direct labor: Time is 1.6 hours per unit. Variable overhead costs per direct labor hour: indirect materials$0.80; indirect labor$1.30; and maintenance$0.70. Fixed overhead costs per quarter: supervisory salaries$37,020; depreciation$19, 700; and maintenance$13,530. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.) BLOSSOM COMPANY Manufacturing Overhead Budget Quarter 1q, 2q, 3
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 1P: The Sales Department of Minimus Inc. has forecast sales for May 2016 to be 40,000 units. Additional...
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