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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 Variable Costs $1.00 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. Indirect labor Indirect materials Utilities 0.40 $7,392 Fixed Costs Supervision 4,872 Depreciation 2,688 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 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 Variable Costs $1.00 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. Indirect labor Indirect materials Utilities 0.40 $7,392 Fixed Costs Supervision 4,872 Depreciation 2,688 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.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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