Tina's budgeted overhead for the month Tina Company uses the following formula for annualoverhead: $360,000 +$1.20 for each machine hour used.For the upcoming month, Tina plans to manufacture 6,000units. Each unit requires 2 machine hours. Tina's budgetedoverhead for the month isa. $367,200 b. $37,200 c. $374,400

Budgeted overhead for the month = Monthly fixed overhead costs + Variable overhead costs for the…

Answered: Tina Company uses the following formula…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 1PA: Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and...

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TIB makes custom guitars and prepared the following sales budget for the second quarter It also has this additional information related to its expenses: Direct material per unit $55, Direct labor per hour 20, Variable manufacturing overhead per hour 3.50, Fixed manufacturing overhead per month 3,000, Sales commissions per unit 20, Sales salaries per month 5,000, Delivery expense per unit 0.50, Utilities per month 4,000. Administrative salaries per month 20,000, Marketing expenses per month 8,000, Insurance expense per month 11,000, Depreciation expense per month 9,000. Prepare a sales and administrative expense budget for each month in the quarter ended June 30. 2018.
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Tina Company uses the following formula for annual overhead: $360,000 +$1.20 for each machine hour used. For the upcoming month, Tina plans to manufacture 6,000 units. Each unit requires 2 machine hours. Tina's budgeted overhead for the month is a. $367,200 b. $37,200 c. $374,400