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Running Shorts Co. makes two products: A and B. In the folding department, budgeted information is as follows:
Budgeted indirect labor costs in the workshop: $300,000
Budgeted depreciation expenses of equipment: $100,000
Budgeted direct labor costs: $100,000
Budgeted units produced: 50,000
Question 1: The company allocates indirect labor costs based on direct labor costs and allocates depreciation expenses of equipment based on units produced. The actual direct labor costs for product B are $40,000 and 10,000 units of product B are produced. How much is the manufacturing overhead of product B in the folding department?
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