Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April 2016 Variable costs: Factory supplies $100.000 indirect labor 152.000 Utilities 68.000 Patent royalties on secret process 296.000 Total variable overhead $616.000 Fixed costs: Supervisory salanes 160.000 Depreciation on factory equipment 144.000 Factory taxes Factory insurance Utilities (base charge) Trtal fived overhead 48.000 32.000 80.000 464.000
Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April 2016 Variable costs: Factory supplies $100.000 indirect labor 152.000 Utilities 68.000 Patent royalties on secret process 296.000 Total variable overhead $616.000 Fixed costs: Supervisory salanes 160.000 Depreciation on factory equipment 144.000 Factory taxes Factory insurance Utilities (base charge) Trtal fived overhead 48.000 32.000 80.000 464.000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 13E: Flexible overhead budget Leno Manufacturing Company prepared the following factory overhead cost...
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Using a flexible budgeting approach how do I prepare a performance report for the passion department for April 2016, compare an actual overhead cost for 4600 hours. Separate overhead cost into variable and fixed components and show the amounts of any variances between actual budgeted amounts.
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