Percent of capacity 90% 100% 110% Direct labor hours 3,600 4,000 4,400 Units of output 900 1,000 1,100 Variable overhead $3,600 $4,000 $4,400 Fixed overhead 5,200 5,200 5,200 Total overhead $8,800 $9,200 $9,600 Normal capacity = 100% and overhead is applied based on direct labor hours Standard overhead rate = $9,200/4,000 = $2.30 per direct labor hour Direct materials are $69.00 per unit. Direct labor is $21.50 per hour. Prepare a flexible budget for overhead based on the above data. Flexible Budget 900 1,000 1,100 Direct Material $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Direct Labor fill in the blank 4 fill in the blank 5 fill in the blank 6 Variable Overhead fill in the blank 7 fill in the blank 8 fill in the blank 9 Fixed Overhead fill in the blank 10 fill in the blank 11 fill in the blank 12 Total $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
Percent of capacity 90% 100% 110% Direct labor hours 3,600 4,000 4,400 Units of output 900 1,000 1,100 Variable overhead $3,600 $4,000 $4,400 Fixed overhead 5,200 5,200 5,200 Total overhead $8,800 $9,200 $9,600 Normal capacity = 100% and overhead is applied based on direct labor hours Standard overhead rate = $9,200/4,000 = $2.30 per direct labor hour Direct materials are $69.00 per unit. Direct labor is $21.50 per hour. Prepare a flexible budget for overhead based on the above data. Flexible Budget 900 1,000 1,100 Direct Material $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Direct Labor fill in the blank 4 fill in the blank 5 fill in the blank 6 Variable Overhead fill in the blank 7 fill in the blank 8 fill in the blank 9 Fixed Overhead fill in the blank 10 fill in the blank 11 fill in the blank 12 Total $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Question Content Area
| Percent of capacity | 90% | 100% | 110% |
| Direct labor hours | 3,600 | 4,000 | 4,400 |
| Units of output | 900 | 1,000 | 1,100 |
| Variable |
$3,600 | $4,000 | $4,400 |
| Fixed overhead | 5,200 | 5,200 | 5,200 |
| Total overhead | $8,800 | $9,200 | $9,600 |
Normal capacity = 100% and overhead is applied based on direct labor hours
Standard overhead rate = $9,200/4,000 = $2.30 per direct labor hour
Direct materials are $69.00 per unit.
Direct labor is $21.50 per hour.
Prepare a flexible budget for overhead based on the above data.
Flexible Budget
| 900 | 1,000 | 1,100 | |
| Direct Material | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 |
| Direct Labor | fill in the blank 4 | fill in the blank 5 | fill in the blank 6 |
| Variable Overhead | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 |
| Fixed Overhead | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 |
| Total | $fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 |
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