The Cleary Company is in the process of preparing its manufacturing overhead budget for the upcoming year. Sales are projected to be 40,000 units. Information about the various manufacturing overhead costs follows E (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Cleary Company for the upcoming year. Prepare the manufacturing overhead budget by first calculating the total variable manufacturing overhead, then calculate the total fixed manufacturing overhead and total manufacturing overhead. The Cleary Company Manufacturing Overhead Budget For the Upcoming Year Data table Projected Sales (Units) Variable manufacturing overhead costs: Variable rate per unit Total fixed costs Indirect materials Supplies Indirect materials... 1.00 Indirect labor Supplies .. 1.10 Plant utilities Indirect labor 0.80 $ 63,000 Plant utilities.... 0.20 $ 34,000 Repairs and maintenance Repairs and maintenance 0.40 $ 18,000 Total variable manufacturing overhead Depreciation on plant and equipment .. 2$ 43,000 Insurance on plant and equipment .... 2$ 23,000 Plant supervision 68,000 ................ Print Done

The Cleary Company is in the process of preparing its manufacturing overhead budget for the upcoming year. Sales are projected to be 40,000 units. Information about the various manufacturing overhead costs follows E (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Cleary Company for the upcoming year. Prepare the manufacturing overhead budget by first calculating the total variable manufacturing overhead, then calculate the total fixed manufacturing overhead and total manufacturing overhead. The Cleary Company Manufacturing Overhead Budget For the Upcoming Year Data table Projected Sales (Units) Variable manufacturing overhead costs: Variable rate per unit Total fixed costs Indirect materials Supplies Indirect materials... 1.00 Indirect labor Supplies .. 1.10 Plant utilities Indirect labor 0.80 $ 63,000 Plant utilities.... 0.20 $ 34,000 Repairs and maintenance Repairs and maintenance 0.40 $ 18,000 Total variable manufacturing overhead Depreciation on plant and equipment .. 2$ 43,000 Insurance on plant and equipment .... 2$ 23,000 Plant supervision 68,000 ................ Print Done

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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Answer part d, e and f
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