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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 $0.75 Variable utilities per unit $0.20 Supervisor salaries $11,000 Maintenance salaries $9,000 Insurance $3,000 Depreciation $1,600 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively. Spree Party LightsManufacturing Overhead BudgetFor 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         $- Select - $- Select - $- Select -   - Select - - Select - - Select -   - Select - - Select - - Select -   - Select - - Select - - Select - Total Variable Manufacturing Costs $fill in the blank 20 $fill in the blank 21 $fill in the blank 22 Fixed Costs         $- Select - $- Select - $- Select -   - Select - - Select - - Select -   - Select - - Select - - Select -   - Select - - Select - - Select - 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 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.75 Variable utilities per unit $0.20 Supervisor salaries $11,000 Maintenance salaries $9,000 Insurance $3,000 Depreciation $1,600 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively. Spree Party LightsManufacturing Overhead BudgetFor 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         $- Select - $- Select - $- Select -   - Select - - Select - - Select -   - Select - - Select - - Select -   - Select - - Select - - Select - Total Variable Manufacturing Costs $fill in the blank 20 $fill in the blank 21 $fill in the blank 22 Fixed Costs         $- Select - $- Select - $- Select -   - Select - - Select - - Select -   - Select - - Select - - Select -   - Select - - Select - - Select - 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

FINANCIAL ACCOUNTING
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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  1. 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 $0.75
    Variable utilities per unit $0.20
    Supervisor salaries $11,000
    Maintenance salaries $9,000
    Insurance $3,000
    Depreciation $1,600

    Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively.

    Spree Party LightsManufacturing Overhead BudgetFor 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      
     
    		 $- Select - $- Select - $- Select -
     
    		 - Select - - Select - - Select -
     
    		 - Select - - Select - - Select -
     
    		 - Select - - Select - - Select -
    Total Variable Manufacturing Costs $fill in the blank 20 $fill in the blank 21 $fill in the blank 22
    Fixed Costs      
     
    		 $- Select - $- Select - $- Select -
     
    		 - Select - - Select - - Select -
     
    		 - Select - - Select - - Select -
     
    		 - Select - - Select - - Select -
    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
     
 
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