chap9demoprob - Name Date Instructor Course rd Managerial...

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FileName: 00dee4e8b1aeeafb9953906d778354a6690da530.xls, Tab: Chapter 9 Demo Problem, Page 1 of 2, 12/28/2011, 19:01:19 Name: Date: Instructor: Course: Chapter 9 Demonstration Problem, Glenda Company uses flexible budget for manufacturing overhead based on direct labor hours. For 2005 the master overhead budget for the Packaging Department based on 300,000 direct labor hours was as follows: Variable Costs Fixed Costs Indirect labor $360,000 Supervision $60,000 Supplies and lubricants 150,000 Depreciation 24,000 Maintenance 210,000 Property taxes 18,000 Utilities 120,000 Insurance 12,000 $840,000 $114,000 During July, 24,000 direct labor hours were worked. The company incurred the following variable costs in July: Indirect labor $30,200 Maintenance 17,500 Supplies and lubricants 11,600 Utilities 9,200 Actual fixed overhead costs were the same as monthly budgeted fixed costs. Instructions: Prepare a flexible budget report for the Packaging Department for July. GLENDA COMPANY
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chap9demoprob - Name Date Instructor Course rd Managerial...

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