Question: Osprey Co . prepared a master budget for 2 0 2 1 reflecting indirect material costs of $ 1 7 5 , 6 8 1

Osprey Co. prepared a master budget for 2021
reflecting indirect material costs of $175,681 based
on annual production of 130,461 widgets (the annual
production is spread out equally over the twelve
months). During July 2021, Osprey Co. produced
10,893 widgets incurring indirect material costs of
$15,600.
What was the static budget amount (in dollars) for
indirect materials for July 2021?
 Osprey Co. prepared a master budget for 2021 reflecting indirect material

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!