**Martinez Company Budget Overview**Martinez Company plans to produce 1,152,000 units of Product XX in 2022. Monthly production ranges from 76,800 to 115,200 units. The budgeted variable manufacturing costs per unit include:- Direct materials: $5- Direct labor: $6- Overhead: $8Budgeted fixed manufacturing costs per unit are:- Depreciation: $2- Supervision: $1The task is to prepare a flexible manufacturing budget for the relevant range value, using increments of 19,200 units, with variable costs listed before fixed costs.---**Martinez Company: Monthly Flexible Manufacturing Budget for the Year 2022**The diagram is structured to input various cost figures. It provides placeholders to fill in production data, including variable and fixed costs, distributed across different columns and rows for clarity. The image appears to be a form or template with multiple dropdown menus and text entry fields arranged in rows and columns. Here's a detailed transcription and description:- **Left Column:** - Contains four dropdown menus, each represented by a downward-facing arrow icon.- **Middle and Right Columns:** - Each dropdown menu is aligned with two accompanying text fields. The text fields are empty in this image. - The fourth row of the middle and right columns also contains a dollar sign symbol ($), suggesting that these fields may be intended for monetary values or prices. There are no graphs or diagrams present in the image. The fields seem to be designed for data entry but have no specified labels or titles visible in the image.

A manufacturing budget is a collection of three budgets that estimate the cost of direct materials, direct labor, and overhead for the number of units anticipated to be produced in the production budget.MARTINEZ COMPANY Monthly Flexible Manufacturing Budget For the Year 2022 Activity level units: 76,800 96,000 115,200 Variable costs Direct materials ($5) 384,000 480,000 576,000 Direct labor ($6) 460,800 576,000 691,200 Overhead ($8) 614,400 768,000 921,600 Total variable costs 1,459,200 1,824,000 2,188,800 Fixed costs: Depreciation 192,000 192,000 192,000 Supervision 96,000 96,000 96,000 Total fixed costs 288,000 288,000 288,000 Total costs 1,747,200 2,112,000 2,476,000 Workings: Variable costs = per unit x no of units Fixed costs: Depreciation 192,000 =(1,152,000 x 2)/12 Supervision 96,000 =(1,152,000 x 1)/12

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Martinez Company expects to produce 1,152,000 units of Product XX in 2022. Monthly production is expected to range from 76,800 to 115,200 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 19,200 unit increments. (List variable costs before fixed costs.) MARTINEZ COMPANY Monthly Flexible Manufacturing Budget

Martinez Company expects to produce 1,152,000 units of Product XX in 2022. Monthly production is expected to range from 76,800 to 115,200 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 19,200 unit increments. (List variable costs before fixed costs.) MARTINEZ COMPANY Monthly Flexible Manufacturing Budget

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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