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Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost per Month Cost per Machine- Hour Direct materials Direct labor Supplies Utilities Depreciation Insurance $ 5.60 $ 42,700 $ 0.30 $ 1,400 $ 0.25 $ 15,000 $ 11,900 For example, utilities should be $1,400 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Actual machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0

Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost per Month Cost per Machine- Hour Direct materials Direct labor Supplies Utilities Depreciation Insurance $ 5.60 $ 42,700 $ 0.30 $ 1,400 $ 0.25 $ 15,000 $ 11,900 For example, utilities should be $1,400 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Actual machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0

FINANCIAL ACCOUNTING
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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Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost per Month Cost per Direct materials Direct labor Supplies Utilities Machine- Hour $ 5.60 $ 42,700 $ 0.30 $ 1,400 $ 0.25 $ 15,000 $ 11,900 Depreciation Insurance For example, utilities should be $1,400 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Actual machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0
Transcribed Image Text:Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost per Month Cost per Direct materials Direct labor Supplies Utilities Machine- Hour $ 5.60 $ 42,700 $ 0.30 $ 1,400 $ 0.25 $ 15,000 $ 11,900 Depreciation Insurance For example, utilities should be $1,400 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Actual machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0
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