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Blossom, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor Indirect materials Maintenance Utilities Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation Indirect labor Indirect materials Maintenance Utilities Supervision Insurance Property taxes Depreciation $33,840 The company believes it will normally operate in a range of 5,200 to 9,200 machine hours per month. During the month of August, 2022, the company incurs the following manufacturing overhead costs: 19,440 3,360 2.280 1,620 520 720 $5.00 2,100 2.50 0.50 0.30 $1,320 520 720 1,960 Prepare a flexible budget report, assuming that the company used 7,200 machine hours during August. (List variable costs before fixed

Blossom, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor Indirect materials Maintenance Utilities Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation Indirect labor Indirect materials Maintenance Utilities Supervision Insurance Property taxes Depreciation $33,840 The company believes it will normally operate in a range of 5,200 to 9,200 machine hours per month. During the month of August, 2022, the company incurs the following manufacturing overhead costs: 19,440 3,360 2.280 1,620 520 720 $5.00 2,100 2.50 0.50 0.30 $1,320 520 720 1,960 Prepare a flexible budget report, assuming that the company used 7,200 machine hours during August. (List variable costs before fixed

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter5: Product And Service Costing: Job-order System
Section: Chapter Questions
Problem 27P: Firenza Company manufactures specialty tools to customer order. Budgeted overhead for the coming...
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Blossom, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor Indirect materials Maintenance Utilities Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation Indirect labor Indirect materials Maintenance Utilities Supervision Insurance Property taxes Depreciation $33,840 The company believes it will normally operate in a range of 5,200 to 9,200 machine hours per month. During the month of August, 2022, the company incurs the following manufacturing overhead costs: 19,440 3,360 2,280 1,620 520 720 $5.00 2,100 2.50 0.50 0.30 $1,320 520 720 1,960 Prepare a flexible budget report, assuming that the company used 7,200 machine hours during August. (List variable costs before fixed
Transcribed Image Text:Blossom, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor Indirect materials Maintenance Utilities Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation Indirect labor Indirect materials Maintenance Utilities Supervision Insurance Property taxes Depreciation $33,840 The company believes it will normally operate in a range of 5,200 to 9,200 machine hours per month. During the month of August, 2022, the company incurs the following manufacturing overhead costs: 19,440 3,360 2,280 1,620 520 720 $5.00 2,100 2.50 0.50 0.30 $1,320 520 720 1,960 Prepare a flexible budget report, assuming that the company used 7,200 machine hours during August. (List variable costs before fixed
> > < < > > > > < > < $ BLOSSOM, INC. Manufacturing Overhead Budget Report (Flexible) For the Month Ended August 31, 2022 Budget at 7,200 hrs. s $ Actual at 7,200 hrs. $ Difference Favorable (F) Unfavorable (U) Not Applicable (NA)
Transcribed Image Text:> > < < > > > > < > < $ BLOSSOM, INC. Manufacturing Overhead Budget Report (Flexible) For the Month Ended August 31, 2022 Budget at 7,200 hrs. s $ Actual at 7,200 hrs. $ Difference Favorable (F) Unfavorable (U) Not Applicable (NA)
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