Chapter23HW - Laura Stroup Professor Woodward Acct II Chapter 23 Manufacturing Overhead Budget for the year with quarterly data Quarter $ 1 $ 2

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Laura Stroup Professor Woo Acct. II Chapter 23 Manufacturing Overhead Budget for the year, with quarterly data. Quarter $1 $2 $3 $4 Variable Costs $10,000 $12,000 $14,000 $16,000 Indirect Materials (.70) $10,500 $12,600 $14,700 $16,800 Indirect Labor (1.20) $18,000 $21,600 $25,200 $28,800 Maintenance (0.50) $7,500 $9,000 $10,500 $12,000 Total variable $36,000 $43,200 $50,400 $57,600 Fixed costs Supervisory salaries $35,000 $35,000 $35,000 $35,000 Depreciation $16,000 $16,000 $16,000 $16,000 Maintenance $12,000 $12,000 $12,000 $12,000 Total fixed costs $63,000 $63,000 $63,000 $63,000 Totals Manufacturing Overhead $99,000 $106,200 $113,400 $120,600 Direct labor hours (1.5) $15,000 $18,000 $21,000 $24,000 Manufacturing Overhead rate per direct labor hours (439,200 / 78,000) E 23-9 Selling and administrative expense budget by quarter for the first 6 months of 2008. Quarter $1 $2 6-months Total Budgeted Sales in units $20,000 $22,000 $42,000 Variable Expenses Sales commissions $20,000 $22,000
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This note was uploaded on 07/14/2008 for the course BUSN 201 taught by Professor Rundle during the Spring '08 term at Biola University.

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Chapter23HW - Laura Stroup Professor Woodward Acct II Chapter 23 Manufacturing Overhead Budget for the year with quarterly data Quarter $ 1 $ 2

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