Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost Cost per per Month Machine-Hour $ 5.00 $ 42,100 Direct materials Direct labor Supplies Utilities Depreciation Insurance $1,000 $ 14,000 $ 11,500 For example, utilities should be $1,600 per month plus $0.15 per machine-hour. The company expects to work 4,000 machine-hours in June. Note that the company's direct labor is a fixed cost Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated i Planning Budget for Manufacturing Costs For the Month Ended June 30 Direct materials Direct labor Supplies Usities $ 0.20 $ 0.15 Depreciation Insurance Tatal manufacturing cost

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter4: Job Order Costing
Section: Chapter Questions
Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...
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Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs:
Fixed Cost cost per
per Month Machine-Hour
$5.60
$ 42,100
$1,600
$ 14,000
$ 11,500
Direct materials
Direct labor
Supplies
utilities
Depreciation
Insurance
For example, utilities should be $1,600 per month plus $0.15 per machine-hour. The company expects to work 4,000 machine-hours in
June. Note that the company's direct labor is a fixed cost.
Required:
Prepare the company's planning budget for June.
Wyckam Manufacturing Incorporated
Planning Budget for Manufacturing Costs
For the Month Ended June 30
Direct materials
Direct labor
$ 0.20
$ 0.15
Supplies
Usities
Depreciation
Insurance
Tatal manufacturing cost
Transcribed Image Text:Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Fixed Cost cost per per Month Machine-Hour $5.60 $ 42,100 $1,600 $ 14,000 $ 11,500 Direct materials Direct labor Supplies utilities Depreciation Insurance For example, utilities should be $1,600 per month plus $0.15 per machine-hour. The company expects to work 4,000 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Direct materials Direct labor $ 0.20 $ 0.15 Supplies Usities Depreciation Insurance Tatal manufacturing cost
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