McKnightA_W5_TDA_Factory_Overhead_Budget_Exercise_Solution(1)

McKnightA_W5_TDA_Factory_Overhead_Budget_Exercise_Solution(1)

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Easy Does It, Inc. Factory Overhead Budget For the Year Ended December 31, 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Total $143,260 $167,931 $158,227 $129,447 $598,865 Indirect Labor ($75Q per Qtr) 75,000 75,000 75,000 75,000 300,000 Rent ($560K per Yr) 140,000 140,000 140,000 140,000 560,000 110,262 135,344 133,869 100,525 480,000 26,790 26,790 26,790 26,790 107,160 551,311 676,721 669,344 502,623 2,400,000 Property taxes ($175K per Qtr) 175,000 175,000 175,000 175,000 700,000 Total $1,221,624 $1,396,786 $1,378,231 $1,149,384 $5,146,025 Other Budget Sch Data Total sales $ $12,000,000 $15,180,000 $15,900,000 $10,500,000 $53,580,000
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Unformatted text preview: Grand total prod units 134,520 165,120 163,320 122,640 585,600 Grand total purchase cost $6,228,688 $7,301,328 $6,879,456 $5,628,128 $26,037,600 DL Hours 240,820 288,960 287,340 212,480 1,029,600 $5.00 FOH Applied to production $1,203,638 $1,444,246 $1,436,149 $1,061,992 $5,146,025 Indirect Materials (2.3% of direct materials cost) Utilities: (Total $480K, varies with quarter unit production) Insurance (Estimate 0.2% annual sales, divide by 4Q) Factory depreciation (Total $2.4M, varies with quarter unit production). POHR = Year FOH $ / Year DL Hrs...
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