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Prepare a monthly manufacturing overhead ?exible budget

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Reference no: EM132998986

Problem - Lily Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows:

Indirect labor $1.30

Indirect materials 0.60

Utilities 0.30

Fixed overhead costs per month are Supervision $3,900, Depreciation $1,900, and Property Taxes $700. The company believes it will normally operate in a range of 6,300-11,700 direct labor hours per month. Prepare a monthly manufacturing overhead ?exible budget for 2020 for the expected range of activity, using increments of 1,800 direct labor hours. (List variable costs before ?xed costs.)

Reference no: EM132998986

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