Variable Costs Indirect materials Indirect labor Utilities Maintenance $11.760 9.800 7,840 5,880 dget for the first quarter of 2022 contained the following data Fixed Costs Supervisory salaries Depreciation Property taxes and insurance Maintenance $35,280 Budget 6,860 Actual variable costs were indirect materials $13,230, indirect labor $9.310, utilities $8.526, and maintenance $4,900. Actual forec costs equaled budgeted costs except for property taxes and insurance, which were $8.134. The actual activity level equaled the budgeted level. 7,840 4,900 All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance (a) Prepare a manufacturing overhead flexible budget report for the first quarter. List variable costs before fixed costs) II MONTY INC. Manufacturing Overhead Flexible Budget Report Actual E

Variable Costs Indirect materials Indirect labor Utilities Maintenance $11.760 9.800 7,840 5,880 dget for the first quarter of 2022 contained the following data Fixed Costs Supervisory salaries Depreciation Property taxes and insurance Maintenance $35,280 Budget 6,860 Actual variable costs were indirect materials $13,230, indirect labor $9.310, utilities $8.526, and maintenance $4,900. Actual forec costs equaled budgeted costs except for property taxes and insurance, which were $8.134. The actual activity level equaled the budgeted level. 7,840 4,900 All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance (a) Prepare a manufacturing overhead flexible budget report for the first quarter. List variable costs before fixed costs) II MONTY INC. Manufacturing Overhead Flexible Budget Report Actual E

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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