Razmon's Jewelers has accumulated the following budgeted overhead information (dollar amounts may include both fixed and variable costs). Maintenance Depreciation Manager's salary Indirect supplies Utilities Other Direct Labor Hours 2,000 hours 3,000 hours $12,000 $17,000 8,000 8,000 45,000 45,000 3,200 4,700 1,000 1,200 8,500 9,000 Use this information to create the overhead budget for 2,800 direct labor employee hours. Answer is complete but not entirely correct. Budgeted Overhead Maintenance 5 Depreciation $ 8,000 Manager's salary $ 45,000 Indirect supplies $ 2 × Utilition 1.200

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Razmon's Jewelers has accumulated the following budgeted overhead information (dollar amounts may include both fixed and variable
costs).
Maintenance
Depreciation
Manager's salary
Indirect supplies
Utilities
Other
Direct Labor Hours
2,000 hours 3,000 hours
$12,000
$17,000
8,000
8,000
45,000
45,000
3,200
4,700
1,000
1,200
8,500
9,000
Use this information to create the overhead budget for 2,800 direct labor employee hours.
Answer is complete but not entirely correct.
Budgeted
Overhead
Maintenance
5 ×
Depreciation
$
8,000
Manager's salary
$
45,000
Indirect supplies
$
2 ×
Utilities
$
1,200x
Other
$
1
Transcribed Image Text:Razmon's Jewelers has accumulated the following budgeted overhead information (dollar amounts may include both fixed and variable costs). Maintenance Depreciation Manager's salary Indirect supplies Utilities Other Direct Labor Hours 2,000 hours 3,000 hours $12,000 $17,000 8,000 8,000 45,000 45,000 3,200 4,700 1,000 1,200 8,500 9,000 Use this information to create the overhead budget for 2,800 direct labor employee hours. Answer is complete but not entirely correct. Budgeted Overhead Maintenance 5 × Depreciation $ 8,000 Manager's salary $ 45,000 Indirect supplies $ 2 × Utilities $ 1,200x Other $ 1
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