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problem: Timothy, Inc., use flexible budget for overhead costs. The firm expects to produce 40,000 units of product it manufactures. Each unit requires 0.40 direct labor hours. The cost formula for every of the four overhead items [where X is measured in direct labor hours] is as follows;

Cost Formula

Power 0.40X

Maintenance $15,000 + 0.60X

Indirect labor $18,000 + 2.50X

Rent $20,000

Required;

[A] Make an overhead budget for expected activity level for the coming year.

[B] Make an overhead budget that reflects production that is 25% lower than expected.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922753

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