Accounting A company’s planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs:                            Variable Fixed                                Indirect materials $90,000 Depreciation $37,500   Indirect labor 120,000 Taxes 7,500   Factory supplies 15,000 Supervision 30,000   A flexible budget prepared at the 90,000 machine hours level of activity would show total manufacturing overhead costs of   $405,000   $480,000   $477,500   $425,000

Precision Company estimates its machine-hour requirements for the four quarters to be 35.000 hours, 20,000 hours, 15,000 hours, and 30,000 hours respectively. The variable manufacturing overhead rate is $4 per machine-hour. The fixed manufacturing overhead is $50,000 per quarter, which includes $20,000 of depreciation expense. Knowledge Check 01 What is the budgeted variable manufacturing overhead for the year? O $200,000 O $260,000 O $280,000 O $400,000

The production supervisor of the Machining Department for Hagerstown Company agreed to the following monthly static budget for the upcoming year: Hagerstown CompanyMachining DepartmentMonthly Production Budget   Wages $407,000 Utilities 17,000 Depreciation 29,000 Total $453,000 The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows:   Amount Spent Units Produced May $427,000 89,000 June 407,000 81,000 July 387,000 73,000 The Machining Department supervisor has been very pleased with this performance because actual expenditures for May-July have been significantly less than the monthly static budget of 453,000. However, the plant manager believes that the budget should not remain fixed for every month but should "flex" or adjust to the volume of work that is produced in the Machining Department.Additional budget information for the Machining Department is as follows: Wages Per hour $21.00…

Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 80,500 to 128,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. In March 2022, the company incurs the following costs in producing 104,400 units: direct materials $444,600, direct labour $726,800, and variable overhead $947,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.).