Crane Co. developed its annual manufacturing overhead budget for its master budget for 2022 as follows:...
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Crane Co. developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 120,200 Direct Expected annual operating capacity Labor Hours Variable overhead costs Indirect labor $601,000 Indirect materials 120,200 Factory supplies 60,100 Total variable 781,300 Fixed overhead costs Depreciation 240,000 Supervision 120,000 Property taxes 96,000 Total fixed 456,000 Total costs $1,237,300 The relevant range for monthly activity is expected to be between 8,200 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 8,200 and 9,200 direct labor hours. (List variable costs before fixed costs.) CRANE CO. Monthly Flexible Manufacturing Overhead Budget Activity level Direct labor hours 8,200 9,200 Variable Costs Indirect Labor 41000 46000 Indirect Materials 8200 9200 Factory Supplies Total Variable Costs Fixed Costs Depreciation Supervision Property Taxes Total Fixed Costs Total Costs 24 Crane Co. developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 120,200 Direct Expected annual operating capacity Labor Hours Variable overhead costs Indirect labor $601,000 Indirect materials 120,200 Factory supplies 60,100 Total variable 781,300 Fixed overhead costs Depreciation 240,000 Supervision 120,000 Property taxes 96,000 Total fixed 456,000 Total costs $1,237,300 The relevant range for monthly activity is expected to be between 8,200 and 12,000 direct labor hours. Prepare a flexible budget for a monthly activity level of 8,200 and 9,200 direct labor hours. (List variable costs before fixed costs.) CRANE CO. Monthly Flexible Manufacturing Overhead Budget Activity level Direct labor hours 8,200 9,200 Variable Costs Indirect Labor 41000 46000 Indirect Materials 8200 9200 Factory Supplies Total Variable Costs Fixed Costs Depreciation Supervision Property Taxes Total Fixed Costs Total Costs 24
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A flexible budget for a monthly activity level of 8200 and 9200 direct labor hours is as follo... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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