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

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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Description: Please do not give solution in image format thanku 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

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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