Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.30 Indirect material, cost per pound $2 Indirect labor hours 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.75 Variable utilities per unit $0.20 Supervisor salaries $11,000 Maintenance salaries $9,000 Insurance $3,000 Depreciation $1,600 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively. Spree Party LightsManufacturing Overhead BudgetFor the Quarter Ending January - March January February March Units to Produce fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable Costs $- Select - $- Select - $- Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - Total Variable Manufacturing Costs $fill in the blank 20 $fill in the blank 21 $fill in the blank 22 Fixed Costs $- Select - $- Select - $- Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - Total Fixed Manufacturing Costs $fill in the blank 39 $fill in the blank 40 $fill in the blank 41 Total Manufacturing Overhead $fill in the blank 42 $fill in the blank 43 $fill in the blank 44

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Spree Party Lights overhead expenses are:

Indirect material, pounds per unit	0.30
Indirect material, cost per pound	$2
Indirect labor hours	1
Indirect labor rate per hour	$16.50
Variable maintenance per unit	$0.75
Variable utilities per unit	$0.20
Supervisor salaries	$11,000
Maintenance salaries	$9,000
Insurance	$3,000
Depreciation	$1,600

Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively.

Spree Party LightsManufacturing Overhead BudgetFor the Quarter Ending January - March

	January	February	March
Units to Produce	fill in the blank 1	fill in the blank 2	fill in the blank 3
Variable Costs
	$- Select -	$- Select -	$- Select -
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
Total Variable Manufacturing Costs	$fill in the blank 20	$fill in the blank 21	$fill in the blank 22
Fixed Costs
	$- Select -	$- Select -	$- Select -
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
Total Fixed Manufacturing Costs	$fill in the blank 39	$fill in the blank 40	$fill in the blank 41
Total Manufacturing Overhead	$fill in the blank 42	$fill in the blank 43	$fill in the blank 44

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