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Culver Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 Variable Costs Indirect labor Indirect materials Budgeted fixed overhead costs per month are Supervision $4,640, Depreciation $1,392, and property Taxes $928. The company believes it will normally operate in a range of 8,120-11.600 direct labor hours per month. Assume that in July 2022, Culver Company incurs the following manufacturing overhead costs. Utilities 0,70 0.40 Fixed Costs Supervision Depreciation $10,208 6,728 3,712 Property taxes $4,640 1.392 928 (a) Prepare a flexible budget performance report, assuming that the company worked 10,440 direct labor hours during the month. (List variable costs before fixed costs.)

Culver Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 Variable Costs Indirect labor Indirect materials Budgeted fixed overhead costs per month are Supervision $4,640, Depreciation $1,392, and property Taxes $928. The company believes it will normally operate in a range of 8,120-11.600 direct labor hours per month. Assume that in July 2022, Culver Company incurs the following manufacturing overhead costs. Utilities 0,70 0.40 Fixed Costs Supervision Depreciation $10,208 6,728 3,712 Property taxes $4,640 1.392 928 (a) Prepare a flexible budget performance report, assuming that the company worked 10,440 direct labor hours during the month. (List variable costs before fixed costs.)

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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Culver Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 0.70 Budgeted fixed overhead costs per month are Supervision $4,640, Depreciation $1,392, and property Taxes $928. The company believes it will normally operate in a range of 8,120-11.600 direct labor hours per month. Assume that in July 2022, Culver Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor Indirect materials Utilities 0.40 $10,208 Fixed Costs Supervision Depreciation 6,728 3,712 Property taxes $4,640 1,392 928 (a) Prepare a flexible budget performance report, assuming that the company worked 10,440 direct labor hours during the month. (List variable costs before fixed costs.) CULVER COMPANY Manufacturing Overhead Flexible Budget Report
Transcribed Image Text:Culver Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 0.70 Budgeted fixed overhead costs per month are Supervision $4,640, Depreciation $1,392, and property Taxes $928. The company believes it will normally operate in a range of 8,120-11.600 direct labor hours per month. Assume that in July 2022, Culver Company incurs the following manufacturing overhead costs. Variable Costs Indirect labor Indirect materials Utilities 0.40 $10,208 Fixed Costs Supervision Depreciation 6,728 3,712 Property taxes $4,640 1,392 928 (a) Prepare a flexible budget performance report, assuming that the company worked 10,440 direct labor hours during the month. (List variable costs before fixed costs.) CULVER COMPANY Manufacturing Overhead Flexible Budget Report
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