Thome company uses a flexible budget for manufacturing, Ask an Expert

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Thome Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows.

Indirect labor $1.20

Indirect materials 0.70

Utilities 0.20

Fixed overhead costs per month are supervision $3,957, depreciation $1,172, and property taxes $540. The company believes it will normally operate in a range of 6,000–11,400 direct labor hours per month.

Prepare a monthly manufacturing overhead flexible budget for 2014 for the expected range of activity, using increments of 1,800 direct labor hours. (List variable costs before fixed costs.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91960860

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