None Exercise 9-8 (Algo) Planning Budget [LO9-1]Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs:FixedCost perMonthCost perMachine-Direct materialsHour$ 5.60Direct labor$ 42,300Supplies$ 0.40$ 1,600$ 0.25$ 15,300$ 11,300UtilitiesDepreciationInsuranceFor example, utilities should be $1,600 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine-hours inJune. Note the company's direct labor is a fixed cost.Required:Prepare the company's planning budget for June.

Name: None Exercise 9-8 (Algo) Planning Budget [LO9-1]Wyckam Manufacturing I
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Description: None Exercise 9-8 (Algo) Planning Budget [LO9-1]Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs:FixedCost perMonthCost perMachine-Direct materialsHour$ 5.60Direct labor$ 42,300Supplies$ 0.40$ 1,600$

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Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs: Fixed Cost per Month Cost per Machine- Hour Supplies Direct materials $ 5.60 Direct labor $ 42,300 $ 0.40 $1,600 $ 15,300 $ 11,300 $ 0.25 Utilities Depreciation Insurance For example, utilities should be $1,600 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine-hours in June. Note the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June.

Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs: Fixed Cost per Month Cost per Machine- Hour Supplies Direct materials $ 5.60 Direct labor $ 42,300 $ 0.40 $1,600 $ 15,300 $ 11,300 $ 0.25 Utilities Depreciation Insurance For example, utilities should be $1,600 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine-hours in June. Note the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...

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