Spree Party Lights overhead expenses are:Indirect material, pounds per unit0.30Indirect material, cost per pound$2Indirect labor hours1Indirect labor rate per hour$16.50Variable maintenance per unit$0.70Variable utilities per unit$0.10Supervisor salaries$11,000Maintenance salaries$10,000Insurance$3,000Depreciation$1,400Prepare 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 LightsManufacturing Overhead BudgetFor the Quarter Ending January - March JanuaryFebruaryMarchUnits to Producefill in the blank 1fill in the blank 2fill in the blank 3Variable Costs Indirect Material $fill in the blank 5$fill in the blank 6$fill in the blank 7Indirect Labor fill in the blank 9fill in the blank 10fill in the blank 11Maintenance fill in the blank 13fill in the blank 14fill in the blank 15Utilities fill in the blank 17fill in the blank 18fill in the blank 19Total Variable Manufacturing Costs$fill in the blank 20$fill in the blank 21$fill in the blank 22Fixed Costs Supervisory Salaries $fill in the blank 24$fill in the blank 25$fill in the blank 26Maintenance Salaries fill in the blank 28fill in the blank 29fill in the blank 30Insurance fill in the blank 32fill in the blank 33fill in the blank 34Depreciation fill in the blank 36fill in the blank 37fill in the blank 38Total Fixed Manufacturing Costs$fill in the blank 39$fill in the blank 40$fill in the blank 41Total Manufacturing Overhead$fill in the blank 42$fill in the blank 43$fill in the blank 44 Spree Party Lights overhead expenses are:Indirect material, pounds per unit0.30Indirect material, cost per pound$2Indirect labor hoursIndirect labor rate per hour$16.50Variable maintenance per unit$0.70Variable utilities per unit$0.10Supervisor salaries$11,000Maintenance salaries$10,000Insurance$3,000Depreciation$1,400Prepare 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 LightsManufacturing Overhead BudgetFor the Quarter Ending January - MarchJanuaryFebruaryMarchUnits to ProduceVariable CostsIndirect MaterialIndirect LaborMaintenanceUtilities Manufacturing Overhead BudgetFor the Quarter Ending January - MarchJanuaryFebruaryMarchUnits to ProduceVariable CostsIndirect MaterialIndirect LaborMaintenance vUtilitiesTotal Variable Manufacturing Costs $Fixed CostsSupervisory Salaries$Maintenance SalariesInsuranceDepreciationTotal Fixed Manufacturing CostsTotal Manufacturing Overhead

Name: Spree Party Lights overhead expenses are:Indirect material, pounds per
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Description: Spree Party Lights overhead expenses are:Indirect material, pounds per unit0.30Indirect material, cost per pound$2Indirect labor hours1Indirect labor rate per hour$16.50Variable maintenance per unit$0.70Variable utilities per unit$0.10Supervisor sala

A manufacturing overhead budget is a financial plan that outlines the expected costs of running a…

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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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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
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

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

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

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