Wiki Wiki Company has determined that the variable overhead rate is $4.50 per direct labor hour in the Fabrication Department. The normal production capacity for the Fabrication Department is 10,000 hours for the month. Fixed costs are budgeted at $60,000 for the month. a. Prepare a monthly factory overhead flexible budget for 9,000, 10,000, and 11,000 hours of production. Enter all amounts as positive numbers. Wiki Wiki Company Monthly Factory Overhead Cost Budget-Fabrication Department Line Item Description Direct labor hours Variable factory overhead cost Fixed factory overhead cost Total factory overhead cost Amount Amount Amount 9,000 10,000 11,000 b. How much overhead would be applied to production if 9,000 hours were used in the department during the month? If required, round your calculations to two decimal places and your final answer to the nearest dollar Wiki Wiki Company has determined that the variable overhead rate is $4.50 per direct labor hour in the fabrication Department. The normal production capacity for the Fabrication Department is 10,000hours for the month. Fixed costs are budgeted at $60,000 for the montha. Prepare a monthly factory overhead flexible budget for 9,000, 10,000, and 11.000 hours of production. Enter all amounts as positive numbers.Wiki Wiki CompanyMonthly Factory Overhead Cost Budget FabricationDepartmentLine Item DescriptionDirect labor hoursVariable factory overhead cost sFixed factory overhead costTotal factory overhead costAmount Amount Amount9,000 10,000 11,000b. How much overhead would be applied to production if 9,000 hours were used in the department during the month? If required, round your calculations to two decimal places and your finalanswer to the nearest dollar.

Fixed costs are expenses that don't differ with changes in the level of output or sales. These costs…

Answered: Wiki Wiki Company has determined that…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Wiki Wiki Company has determined that the variable overhead rate is $4.50 per direct labor hour in the Fabrication Department. The normal production capacity for the Fabrication Department is 10,000 hours for the month. Fixed costs are budgeted at $60,000 for the month. a. Prepare a monthly factory overhead flexible budget for 9,000, 10,000, and 11,000 hours of production. Enter all amounts as positive numbers. Wiki Wiki Company Monthly Factory Overhead Cost Budget-Fabrication Department Line Item Description Direct labor hours Variable factory overhead cost Fixed factory overhead cost Total factory overhead cost Amount Amount Amount 9,000 10,000 11,000 b. How much overhead would be applied to production if 9,000 hours were used in the department during the month? If required, round your calculations to two decimal places and your final answer to the nearest dollar

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