Bridgeport Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturingoverhead costs per direct labor hour are as follows.Indirect laborIndirect materialsUtilitiesBudgeted fixed overhead costs per month are Supervision $3,440, Depreciation $1,032, and property Taxes $688. The companybelieves it will normally operate in a range of 6,020-8,600 direct labor hours per month.Assume that in July 2022, Bridgeport Company incurs the following manufacturing overhead costs.$1.000.700.40Variable CostsIndirect laborIndirect materialsUtilities.$7,5684,9882,752Fixed CostsSupervisionDepreciationProperty taxes$3,4401,032688(a) Prepare a flexible budget performance report, assuming that the company worked 7,740 direct labor hours during the month. (Listvariable costs before fixed costs.) (b) Prepare a flexible budget performance report, assuming that the company worked 7,310 direct labor hours during the month. (Listvariable costs before fixed costs.)>BudgetBRIDGEPORT COMPANYManufacturing Overhead Flexible Budget ReportFor the Month Ended July 31, 2022July 31, 2022For the Year Ended July 31, 2022Actual CostsDifferFavorUnfavcNeither Finor Unfal

Name: Bridgeport Company uses a flexible budget for manufacturing overhead
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Bridgeport Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturingoverhead costs per direct labor hour are as follows.Indirect laborIndirect materialsUtilitiesBudgeted fixed overhead cos