MANUFACTURING OVERHEAD BUDGETProduction in UnitsVariable OH Rate/UnitAnticipated VOH CostsFixed OH CostsTotal Anticipated OH CostsPredetermined OH RateMOH per Unit:JanuaryTotal Estimated OH CostsTotal Estimated DLHsPredetermined MOH rateDLHS per UnitMOH per Unit of ProductFebruaryMarch||=per DLH Sales Projections in UnitsJanuaryFebruaryMarchAprilMayProduction:Project #2Projected Sales Price/UnitMonthly Projected Selling & Administrative ExpensesVariable Cost/UnitFixed CostsDesired Ending InventoryBeginning Inventory (new business)MaterialsDesired Ending InventoryNumber of Materials per UnitProjected Cost/Material UnitBeginning Inventory (new business)Direct LaborTime per Unit (in hours)Cost per Hour$Manufacturing OverheadVariable Cost/UnitFixed Costs$$$$20,91641,66138,89055,70135,506$$107.0021.00710.0012.1%071.4%014.014.001.0014.004.006,865

In accounting, budgeting refers to the process of creating a financial plan for a specific period,…

MANUFACTURING OVERHEAD BUDGET Production in Units Variable OH Rate/Unit Anticipated VOH Costs Fixed OH Costs Total Anticipated OH Costs Predetermined OH Rate MOH per Unit: January Total Estimated OH Costs Total Estimated DLHs Predetermined MOH rate DLHS per Unit MOH per Unit of Product February March = per DLH

MANUFACTURING OVERHEAD BUDGET Production in Units Variable OH Rate/Unit Anticipated VOH Costs Fixed OH Costs Total Anticipated OH Costs Predetermined OH Rate MOH per Unit: January Total Estimated OH Costs Total Estimated DLHs Predetermined MOH rate DLHS per Unit MOH per Unit of Product February March = per DLH

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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