Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.30 Indirect material, cost per pound $2 Indirect labor hours 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.70 Variable utilities per unit $0.10 Supervisor salaries $11,000 Maintenance salaries $10,000 Insurance $3,000 Depreciation $1,400 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,600, respectively.
Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.30 Indirect material, cost per pound $2 Indirect labor hours 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.70 Variable utilities per unit $0.10 Supervisor salaries $11,000 Maintenance salaries $10,000 Insurance $3,000 Depreciation $1,400 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,600, respectively.
Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.30 Indirect material, cost per pound $2 Indirect labor hours 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.70 Variable utilities per unit $0.10 Supervisor salaries $11,000 Maintenance salaries $10,000 Insurance $3,000 Depreciation $1,400 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,600, respectively.
Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,600, respectively.
Spree Party Lights
Manufacturing Overhead Budget
For the Quarter Ending January - March
January
February
March
Units to Produce
fill in the blank 1
fill in the blank 2
fill in the blank 3
Variable Costs
Indirect Material
$fill in the blank 5
$fill in the blank 6
$fill in the blank 7
Indirect Labor
fill in the blank 9
fill in the blank 10
fill in the blank 11
Maintenance
fill in the blank 13
fill in the blank 14
fill in the blank 15
Utilities
fill in the blank 17
fill in the blank 18
fill in the blank 19
Total Variable Manufacturing Costs
$fill in the blank 20
$fill in the blank 21
$fill in the blank 22
Fixed Costs
Supervisory Salaries
$fill in the blank 24
$fill in the blank 25
$fill in the blank 26
Maintenance Salaries
fill in the blank 28
fill in the blank 29
fill in the blank 30
Insurance
fill in the blank 32
fill in the blank 33
fill in the blank 34
Depreciation
fill in the blank 36
fill in the blank 37
fill in the blank 38
Total Fixed Manufacturing Costs
$fill in the blank 39
$fill in the blank 40
$fill in the blank 41
Total Manufacturing Overhead
$fill in the blank 42
$fill in the blank 43
$fill in the blank 44
Transcribed Image Text:Spree Party Lights overhead expenses are:
Indirect material, pounds per unit
0.30
Indirect material, cost per pound
$2
Indirect labor hours
Indirect labor rate per hour
$16.50
Variable maintenance per unit
$0.70
Variable utilities per unit
$0.10
Supervisor salaries
$11,000
Maintenance salaries
$10,000
Insurance
$3,000
Depreciation
$1,400
Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,600, respectively.
Spree Party Lights
Manufacturing Overhead Budget
For the Quarter Ending January - March
January
February
March
Units to Produce
Variable Costs
Indirect Material
Indirect Labor
Maintenance
Utilities
Transcribed Image Text:Manufacturing Overhead Budget
For the Quarter Ending January - March
January
February
March
Units to Produce
Variable Costs
Indirect Material
Indirect Labor
Maintenance v
Utilities
Total Variable Manufacturing Costs $
Fixed Costs
Supervisory Salaries
$
Maintenance Salaries
Insurance
Depreciation
Total Fixed Manufacturing Costs
Total Manufacturing Overhead
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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