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Your answer is partially correct. Bumblebee Company estimates that 385,800 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $91.080 74,520 4,840 22,560 17,880 $230,880 Variable Overhead Costs Indirect labor Indirect materials Repairs Utilities Lubricants $185,184 100,308 61,728 57,870 30,864 $435,954 It is estimated that direct labor hours worked each month will range from 28,700 to 39,200 hours. During October, 28,700 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,590, Depreciation $6,210, Insurance $2,015, Rent $1,880, and Property taxes $1.490. Variable overhead costs: Indirect labor $14,756, Indirect materials, $7,042, Repairs $4,532, Utilities $4,725, and Lubricants $2.596.

Your answer is partially correct. Bumblebee Company estimates that 385,800 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $91.080 74,520 4,840 22,560 17,880 $230,880 Variable Overhead Costs Indirect labor Indirect materials Repairs Utilities Lubricants $185,184 100,308 61,728 57,870 30,864 $435,954 It is estimated that direct labor hours worked each month will range from 28,700 to 39,200 hours. During October, 28,700 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,590, Depreciation $6,210, Insurance $2,015, Rent $1,880, and Property taxes $1.490. Variable overhead costs: Indirect labor $14,756, Indirect materials, $7,042, Repairs $4,532, Utilities $4,725, and Lubricants $2.596.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...
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Your answer is partially correct. Bumblebee Company estimates that 385,800 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $91.080 74,520 4,840 17,880 Variable Overhead Costs $230,880 Indirect labor Indirect materials 22,560 Utilities Repairs Lubricants $185,184 100,308 61,728 57,870 30,864 $435,954 It is estimated that direct labor hours worked each month will range from 28.700 to 39,200 hours. During October, 28,700 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,590, Depreciation $6,210, Insurance $2,015, Rent $1,880, and Property taxes $1,490. Variable overhead costs: Indirect labor $14,756, Indirect materials, $7,042, Repairs $4,532, Utilities $4,725, and Lubricants $2.596.
Transcribed Image Text:Your answer is partially correct. Bumblebee Company estimates that 385,800 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $91.080 74,520 4,840 17,880 Variable Overhead Costs $230,880 Indirect labor Indirect materials 22,560 Utilities Repairs Lubricants $185,184 100,308 61,728 57,870 30,864 $435,954 It is estimated that direct labor hours worked each month will range from 28.700 to 39,200 hours. During October, 28,700 direct labor hours were worked and the following overhead costs were incurred. Fixed overhead costs: Supervision $7,590, Depreciation $6,210, Insurance $2,015, Rent $1,880, and Property taxes $1,490. Variable overhead costs: Indirect labor $14,756, Indirect materials, $7,042, Repairs $4,532, Utilities $4,725, and Lubricants $2.596.
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs) Activity Level bed Costs Varlable Costs Indirect Labor. Indirect Materials Repairs Utilities xed Costs Total Variable Costs Supervision V Depreciation Y Budget 28700 13776 7462 BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 4592 4305 2296 32431 7590 6210 2070 Actual Costs 28700 JOO!!! 14756 7042 4532 4725 2596 33651 7590 6210 2015 DOO LOOOOO -1220 -980 -420 -300 Ut Neith nor D
Transcribed Image Text:(b) Prepare a flexible budget report for October. (List variable costs before fixed costs) Activity Level bed Costs Varlable Costs Indirect Labor. Indirect Materials Repairs Utilities xed Costs Total Variable Costs Supervision V Depreciation Y Budget 28700 13776 7462 BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 4592 4305 2296 32431 7590 6210 2070 Actual Costs 28700 JOO!!! 14756 7042 4532 4725 2596 33651 7590 6210 2015 DOO LOOOOO -1220 -980 -420 -300 Ut Neith nor D
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