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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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