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Prepare a manufacturing overhead flexible budget

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Question - Lowell Company's manufacturing overhead budget for the first quarter of 2014 contained the following data.

Actual variable costs were: indirect materials $14,957, indirect labor $9,525, utilities $9,626, and maintenance $4,730. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,905. The actual activity level equaled the budgeted level.

Variable Costs

Fixed Costs

Indirect materials

$11,144

Supervisory salaries

$36,094

Indirect labor

10,276

Depreciation

6,299

Utilities

7,459

Property taxes and insurance

7,638

Maintenance

5,703

Maintenance

5,009

All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance.

Prepare a manufacturing overhead flexible budget report for the first quarter.

Reference no: EM132073723

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