Luke company is preparing its manufacturing overhead budget, Ask an Expert

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Luke Company is preparing its manufacturing overhead budget for 2012. Relevant data consist of the following.

Units to be produced (by quarters): 10,200,14,000,16,900,15,600.
Direct labor: Time is1.7hours per unit.
Variable overhead costs per direct labor hour: Indirect materials $0.6; indirect labor $1.2; and maintenance $0.4.
Fixed overhead costs per quarter: Supervisory salaries $34,700; depreciation $16,600; and maintenance $12,900.
Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. $2.58)

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Category:- Accounting Basics
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