Use the following terms in preparing the budget: Insurance Maintenance Utilities Depreciation Expense Sales Commissions Depreciation Indirect Material Maintenance Salaries Indirect Labor Supervisory Salaries Sales Salaries Insurance Expense Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.25 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 $10,000 Maintenance salaries $9,000 Insurance $3,000 Depreciation $1,500 PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Using the terms and the information above, prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,500, 3,000, and 2,700, respectively. Spree Party Lights Manufacturing Overhead Budget For the Quarter Ending March, 2019 Jan. Feb. Mar. Units to Produce 2,500 3,000 2,700 Variable Costs: X X X ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Total Variable Manufacturing Costs ? ? ? Fixed Costs: X X X ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Total Fixed Manufacturing Costs ? ? ? Total Manufacturing Overhead ? ? ?
4. Use the following terms in preparing the budget:
| Insurance | Maintenance | Utilities | |
| Sales Commissions | Depreciation | Indirect Material | Maintenance Salaries |
| Indirect Labor | Supervisory Salaries | Sales Salaries | Insurance Expense |
Spree Party Lights
Indirect material, pounds per unit 0.25
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 $10,000
Maintenance salaries $9,000
Insurance $3,000
Depreciation $1,500
PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).
Using the terms and the information above, prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,500, 3,000, and 2,700, respectively.
| Spree Party Lights |
| Manufacturing Overhead Budget |
| For the Quarter Ending March, 2019 |
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2,500 | 3,000 | 2,700 | |||
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X | X | X | |||
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| Total Variable |
? | ? | ? | |||
| Fixed Costs: | X | X | X | |||
| ? | ? | ? | ? |
| ? | ? | ? | ? | |
| ? | ? | ? | ? | |
| ? | ? | ? | ? | |
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