Prepare a monthly manufacturing overhead flexible budget

Reference no: EM13571737

Cook Company estimates that 357,300 direct labor hours will be worked during the coming year, 2014, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year.

Fixed Overhead Costs		Variable Overhead Costs
Supervision	$92,520	Indirect labor	$164,358
Depreciation	74,520	Indirect materials	78,606
Insurance	26,160	Repairs	60,741
Rent	19,800	Utilities	53,595
Property taxes	20,760	Lubricants	25,011
	$233,760		$382,311

It is estimated that direct labor hours worked each month will range from 29,300 to 37,400 hours.

During October, 29,300 direct labor hours were worked and the following overhead costs were incurred.

Fixed overhead costs: Supervision $7,710, Depreciation $6,210, Insurance $2,135, Rent $1,650, and Property taxes $1,730.

Variable overhead costs: Indirect labor $14,472, Indirect materials, $5,989, Repairs $4,928, Utilities $4,748, and Lubricants $2,382.

Prepare a monthly manufacturing overhead flexible budget for each increment of 2,700 direct labor hours over the relevant range for the year ending December 31, 2014.

Reference no: EM13571737

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