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Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost Cost per per Month Machine-Hour $ 5.60 $ 42,500 $ 1,300 $ 15,500 $ 11,800 Direct materials Direct labor Supplies Utilities Depreciation Insurance $ 0.10 $ 0.25 For example, utilities should be $1,300 per month plus $0.25 per machine-hour. The company expects to work 4,100 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 has provided the following estimates concerning its manufacturing costs: Fixed Cost Cost per per Month Machine-Hour $ 5.60 $ 42,500 $ 1,300 $ 15,500 $ 11,800 Direct materials Direct labor Supplies Utilities Depreciation Insurance $ 0.10 $ 0.25 For example, utilities should be $1,300 per month plus $0.25 per machine-hour. The company expects to work 4,100 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June.

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 Cost per per Month Machine-Hour $5.60 $ 42,500 $ 1,300 $ 15,500 $ 11,800 Direct materials Direct labor Supplies Utilities Depreciation Insurance For example, utilities should be $1,300 per month plus $0.25 per machine-hour. The company expects to work 4,100 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 Direct materials Direct labor Supplies Utilities $0.10 $ 0.25 Depreciation Insurance Total manufacturing cost $ 0
Transcribed Image Text:Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost Cost per per Month Machine-Hour $5.60 $ 42,500 $ 1,300 $ 15,500 $ 11,800 Direct materials Direct labor Supplies Utilities Depreciation Insurance For example, utilities should be $1,300 per month plus $0.25 per machine-hour. The company expects to work 4,100 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 Direct materials Direct labor Supplies Utilities $0.10 $ 0.25 Depreciation Insurance Total manufacturing cost $ 0
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