Finan Company expects to produce 2,060 units in January that will require 6,180 hours of direct...
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Finan Company expects to produce 2,060 units in January that will require 6,180 hours of direct labor hours and 2,320 units in February that will require 6,960 hours of direct labor. Finan Company budgets $9.00 per unit for variable manufacturing overhead; $1,280 per month for depreciation; and $34,060 per month for other fixed manufacturing overhead costs. Prepare Finan Company manufacturing overhead budget for January and February, including the predetermined overhead allocation rate using direct labor hours as the allocation base. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Budgeted units to be produced Finan Company Manufacturing Overhead Budget For the Two Months Ended February 28 Variable overhead cost per unit Budgeted variable overhead Budgeted fixed overhead: Depreciation Other fixed overhead Total budget fixed overhead Budgeted manufacturing overhead costs Direct labor hours Predetermined overhead allocation rate (per direct labor hour) Submit All Parts January February Total Finan Company expects to produce 2,060 units in January that will require 6,180 hours of direct labor hours and 2,320 units in February that will require 6,960 hours of direct labor. Finan Company budgets $9.00 per unit for variable manufacturing overhead; $1,280 per month for depreciation; and $34,060 per month for other fixed manufacturing overhead costs. Prepare Finan Company manufacturing overhead budget for January and February, including the predetermined overhead allocation rate using direct labor hours as the allocation base. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Budgeted units to be produced Finan Company Manufacturing Overhead Budget For the Two Months Ended February 28 Variable overhead cost per unit Budgeted variable overhead Budgeted fixed overhead: Depreciation Other fixed overhead Total budget fixed overhead Budgeted manufacturing overhead costs Direct labor hours Predetermined overhead allocation rate (per direct labor hour) Submit All Parts January February Total
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