Flexible Budget for Fabrication Department Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Assembly. Assume the following information for the Assembly Department: Direct labor per filing cabinet 30 minutes Supervisor salaries $180,000 per month Depreciation $15,000 per month Direct labor rate $24 per hour Prepare a flexible budget for 10,000, 25,000, and 40,000 filing cabinets for the month of August, similar to Exhibit 5, assuming that inventories are not significant. Enter all amounts as positive numbers. Steelcase Inc. - Assembly Department Month Ending August 31 (Assumed Data) Units of production 10,000 25,000 40,000 Variable cost:       Direct labor  $fill in the blank 2 $fill in the blank 3 $fill in the blank 4         Fixed cost:         $fill in the blank 6 $fill in the blank 7 $fill in the blank 8   fill in the blank 10 fill in the blank 11 fill in the blank 12 Total fixed cost $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Total department cost $fill in the blank 16 $fill in the blank 17 $fill in the blank 18

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Flexible Budget for Fabrication Department

Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Assembly. Assume the following information for the Assembly Department:

Direct labor per filing cabinet 30 minutes
Supervisor salaries $180,000 per month
Depreciation $15,000 per month
Direct labor rate $24 per hour

Prepare a flexible budget for 10,000, 25,000, and 40,000 filing cabinets for the month of August, similar to Exhibit 5, assuming that inventories are not significant. Enter all amounts as positive numbers.

Steelcase Inc. - Assembly Department
Month Ending August 31
(Assumed Data)
Units of production 10,000 25,000 40,000
Variable cost:      
Direct labor  $fill in the blank 2 $fill in the blank 3 $fill in the blank 4
       
Fixed cost:      
  $fill in the blank 6 $fill in the blank 7 $fill in the blank 8
  fill in the blank 10 fill in the blank 11 fill in the blank 12
Total fixed cost $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
Total department cost $fill in the blank 16 $fill in the blank 17 $fill in the blank 18
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