Q.No.3 The following information has been by New Inc. in preparing its budget for November and Dece ber 2020. January (in Millions) February (in Millions) Units to be sold Units to be produced Direct Labor hours 180 220 240 200 480 400 Insurance of factory Salaries : selling Depreciation ( factory building) Light and heat (factory) Advertising Indirect Factory Labor Factory Supplies Direct material consumption Lubricants for factory machine 400 400 260 260 200 200 680 600 300 300 760 660 600 500 1200 1000 360 300 Calculate the following: 1. Variable FOH Rate 2. Total Variable FOH 3. Total Fixed FOH

Q.No.3 The following information has been by New Inc. in preparing its budget for November and Dece ber 2020. January (in Millions) February (in Millions) Units to be sold Units to be produced Direct Labor hours 180 220 240 200 480 400 Insurance of factory Salaries : selling Depreciation ( factory building) Light and heat (factory) Advertising Indirect Factory Labor Factory Supplies Direct material consumption Lubricants for factory machine 400 400 260 260 200 200 680 600 300 300 760 660 600 500 1200 1000 360 300 Calculate the following: 1. Variable FOH Rate 2. Total Variable FOH 3. Total Fixed FOH

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 1P: The Sales Department of Minimus Inc. has forecast sales for May 2016 to be 40,000 units. Additional...

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