Reference no: EM132032388
Question - The November monthly factory overhead cost budget for Brass Ltd. at normal capacity of 10,000 or 5,000 direct labor hours follows:
Variable:
Power $ 6,000
Supplies 12,000
Maintenance 15,000
Total variable factory overhead 33,000
Fixed:
Supervisory salaries 24,000
Depreciation of buildings and equipment 8,000
Lights and heat 6,000
Property tax and insurance 22,000
Total fixed factory overhead 60,000
Total factory overhead $93,000
(1) Prepare a flexible budget for 80%, 100% and 120% of normal capacity.
(2) Determine the rate for application of factory overhead to work in process at each level of volume in relation to both units and direct labor hours.
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