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(a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,500 direct labor hours over the relevant rang for the year ending December 31, 2022. (List variable costs before fixed costs) Activity Level Direct Labor Hours Variable Costs Indirect Labor Indirect Materials Repairs Utilities Lubricants Total Variable Costs Fixed Costs Supervision Depreciation Insurance Rent Property Taxes Total Fixed Costs Total Costs Direct Labor Hours Variable Costs (D) Prepare a flexible budget report for October. (List variable costs before fixed costs) Lubricants Indirect Labor Indirect Materials Repairs Utilities Total Variable Costs Fixed Costs Rent Supervision Depreciation Insurance Property Taxes Total Fixed Costs Total Costs 000000 PINA COLADA COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2022 4 Budget 10000 000000 PINA COLADA COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2022 Actual Costs 000000 0000000 2.71 .... Difference Favorable Infavorable her Favorable Unfavorable Unfavorable

(a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,500 direct labor hours over the relevant rang for the year ending December 31, 2022. (List variable costs before fixed costs) Activity Level Direct Labor Hours Variable Costs Indirect Labor Indirect Materials Repairs Utilities Lubricants Total Variable Costs Fixed Costs Supervision Depreciation Insurance Rent Property Taxes Total Fixed Costs Total Costs Direct Labor Hours Variable Costs (D) Prepare a flexible budget report for October. (List variable costs before fixed costs) Lubricants Indirect Labor Indirect Materials Repairs Utilities Total Variable Costs Fixed Costs Rent Supervision Depreciation Insurance Property Taxes Total Fixed Costs Total Costs 000000 PINA COLADA COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2022 4 Budget 10000 000000 PINA COLADA COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2022 Actual Costs 000000 0000000 2.71 .... Difference Favorable Infavorable her Favorable Unfavorable Unfavorable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pina Colada Company estimates that 306,000 direct labor hours will be worked during the coming year, 2022, 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 $97.920 73,440 30,600 24,480 18,360 $244,800 Variable Overhead Costs Indirect labor Indirect materials Repairs Utilities Lubricants $128,520 91,800 70,380 73,440 18,360 $382,500 It is estimated that direct labor hours worked each month will range from 27,100 to 37,600 hours. During October, 27,100 direct labor hours were worked, and the following overhead costs were incurred. Fixed overhead costs: supervision $8,160, depreciation $6,120, insurance $2.507, rent $2,040, and property taxes $1,530. Variable overhead costs: indirect labor $12,673, indirect materials $7,838, repairs $6,132, utilities $6,968, and lubricants $1,954.
Transcribed Image Text:Pina Colada Company estimates that 306,000 direct labor hours will be worked during the coming year, 2022, 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 $97.920 73,440 30,600 24,480 18,360 $244,800 Variable Overhead Costs Indirect labor Indirect materials Repairs Utilities Lubricants $128,520 91,800 70,380 73,440 18,360 $382,500 It is estimated that direct labor hours worked each month will range from 27,100 to 37,600 hours. During October, 27,100 direct labor hours were worked, and the following overhead costs were incurred. Fixed overhead costs: supervision $8,160, depreciation $6,120, insurance $2.507, rent $2,040, and property taxes $1,530. Variable overhead costs: indirect labor $12,673, indirect materials $7,838, repairs $6,132, utilities $6,968, and lubricants $1,954.
(a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,500 direct labor hours over the relevant rang for the year ending December 31, 2022. (List variable costs before fixed costs.) Activity Level Direct Labor Hours Variable Costs Indirect Labor Indirect Materials Repairs Utilities Lubricants Total Variable Costs Fixed Costs Supervision Depreciation Insurance Rent Property Taxes Total Fixed Costs Total Costs Direct Labor Hours (D) Prepare a flexible budget report for October. (List variable costs before foxed costs) Variable Costs Lubricants Indirect Labor Indirect Materials Repairs Utilities Total Variable Costs Fixed Costs Rent Supervision Depreciation Insurance Property Taxes Total Fixed Costs Total Costs $ 4 PINA COLADA COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2022 Budget 10000 PINA COLADA COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2022 Actual Costs 2.71 1000 Difference Favorable Infavorable her Favorable Unfavorable Unfavorable
Transcribed Image Text:(a) Prepare a monthly manufacturing overhead flexible budget for each increment of 3,500 direct labor hours over the relevant rang for the year ending December 31, 2022. (List variable costs before fixed costs.) Activity Level Direct Labor Hours Variable Costs Indirect Labor Indirect Materials Repairs Utilities Lubricants Total Variable Costs Fixed Costs Supervision Depreciation Insurance Rent Property Taxes Total Fixed Costs Total Costs Direct Labor Hours (D) Prepare a flexible budget report for October. (List variable costs before foxed costs) Variable Costs Lubricants Indirect Labor Indirect Materials Repairs Utilities Total Variable Costs Fixed Costs Rent Supervision Depreciation Insurance Property Taxes Total Fixed Costs Total Costs $ 4 PINA COLADA COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2022 Budget 10000 PINA COLADA COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2022 Actual Costs 2.71 1000 Difference Favorable Infavorable her Favorable Unfavorable Unfavorable
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