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Prepare a monthly manufacturing overhead flexible budget

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Reference no: EM133087123

Question - Myers 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 0.80

Utilities 0.30

Fixed overhead costs per month are Supervision $4,100, Depreciation $1,100, and Property Taxes $800. The company believes it will normally operate in a range of 7,100-11,300 direct labor hours per month.

Required - Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range of activity, using increments of 1,400 direct labor hours.

Reference no: EM133087123

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