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What is the flexible budget formula for the fixed cost

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Question - Ye-star, Inc, Men to produce 10,000 Motors each month. Time and motion studies reveal it takes 5 machine hours per motor. The established monthly manufacturing overhead budget is:

maintenance and repairs 130,000

utilities 157,000

factory supplies 67,500

rent 30,000

insurance 18,000

Maintenance and repairs, utilities, and factory supplies vary directly with production. as you are rental contract with a specified monthly payment and insurance is paid monthly. at the end of the month, it was determined that 45,600 actual machine hours were incurred in making 9120 Motors and actual manufacturing costs were:

Maintenance and repairs 118,000

Utilities 144,100

Factory supplies 63,400

Rent 32,000

Insurance 16,500

Note: The relevant production level ranges from 10,000 to 15,000.

Required -

a. What is the flexible budget formula for the fixed and variable cost behavior? Express the formula in machine hours.

b. Make a flexible budget for the actual production level.

Reference no: EM132717208

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