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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Bramble Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing
overhead costs per direct labor hour are as follows.
Indirect labor
Indirect materials
Utilities
$1.00
Variable Costs
Indirect labor
Indirect materials
Utilities
0.70
Budgeted fixed overhead costs per month are Supervision $3,360, Depreciation $1,008, and property Taxes $672. The company
believes it will normally operate in a range of 5,880-8,400 direct labor hours per month.
Assume that in July 2022, Bramble Company incurs the following manufacturing overhead costs.
0.40
$7,392
4,872
2,688
Fixed Costs
Supervision
Depreciation
Property taxes
$3,360
1.008
672
(a) Prepare a flexible budget performance report, assuming that the company worked 7,560 direct labor hours during the month. (List
variable costs before fixed costs.)
BRAMBLE COMPANY
Manufacturing Overhead Flexible Budget Report
Differen
Favoral"
Transcribed Image Text:Current Attempt in Progress
Bramble Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing
overhead costs per direct labor hour are as follows.
Indirect labor
Indirect materials
Utilities
$1.00
Variable Costs
Indirect labor
Indirect materials
Utilities
0.70
Budgeted fixed overhead costs per month are Supervision $3,360, Depreciation $1,008, and property Taxes $672. The company
believes it will normally operate in a range of 5,880-8,400 direct labor hours per month.
Assume that in July 2022, Bramble Company incurs the following manufacturing overhead costs.
0.40
$7,392
4,872
2,688
Fixed Costs
Supervision
Depreciation
Property taxes
$3,360
1.008
672
(a) Prepare a flexible budget performance report, assuming that the company worked 7,560 direct labor hours during the month. (List
variable costs before fixed costs.)
BRAMBLE COMPANY
Manufacturing Overhead Flexible Budget Report
Differen
Favoral
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