Oriole Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following. Units to be produced (by quarters): 10,400, 12,480, 14,560, 16,640. Direct labor: Time is 0.75 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.4; indirect labor $0.6; and maintenance $0.5. Fixed overhead costs per quarter: supervisory salaries $42.900; depreciation $15,600; and maintenance $12,480. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 4.25. List variable expenses before fixed expense.) 1 ORIOLE COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2022 # 2 Quarter

Oriole Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following. Units to be produced (by quarters): 10,400, 12,480, 14,560, 16,640. Direct labor: Time is 0.75 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.4; indirect labor $0.6; and maintenance $0.5. Fixed overhead costs per quarter: supervisory salaries $42.900; depreciation $15,600; and maintenance $12,480. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 4.25. List variable expenses before fixed expense.) 1 ORIOLE COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2022 # 2 Quarter

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Description: i need the answer quickly Oriole Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following.Units to be produced (by quarters): 10,400, 12,480, 14,560, 16,640.Direct labor: Time is 0.75 hours per unit.Vari

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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i need the answer quickly

Oriole Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following.
Units to be produced (by quarters): 10,400, 12,480, 14,560, 16,640.
Direct labor: Time is 0.75 hours per unit.
Variable overhead costs per direct labor hour: indirect materials $0.4; indirect labor $0.6; and maintenance $0.5.
Fixed overhead costs per quarter: supervisory salaries $42.900; depreciation $15,600; and maintenance $12,480.
Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g.
1.25. List variable expenses before fixed expense.)
1
ORIOLE COMPANY
Manufacturing Overhead Budget
For the Year Ending December 31, 2022 #
2
Quarter
3

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