The Stenback Company is in the process of preparing its manufacturing overhead budget for the upcoming year. Sales are projected to be 48,000 units. Information about the various manufacturing overhead costs follows: (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Stenback Company for the upcoming year. Prepare the manufacturing overhead budget by first calculating the total variable manufacturing overhead, then calculate the total fixed manufacturing overhead and total manufacturing overhead. The Stenback Company Manufacturing Overhead Budget For the Upcoming Year Projected Sales (Units) Variable manufacturing overhead costs: Indirect materials Supplies Indirect labor Plant utilities Repairs and maintenance Total variable manufacturing overhead Data table Indirect materials. Supplies.... Indirect labor... Plant utilities. Repairs and maintenance. Depreciation on plant and equipment.. Insurance on plant and equipment.... Plant supervision...... Variable rate per unit $ Total fixed costs 0.90 0.70 0.40 $ 0.10 $ 0.50 $ $ $ $ 64,000 34,000 10,000 45,000 20,000 68,000 X
The Stenback Company is in the process of preparing its manufacturing overhead budget for the upcoming year. Sales are projected to be 48,000 units. Information about the various manufacturing overhead costs follows: (Click the icon to view the manufacturing overhead cost information.) Requirement Prepare the manufacturing overhead budget for the Stenback Company for the upcoming year. Prepare the manufacturing overhead budget by first calculating the total variable manufacturing overhead, then calculate the total fixed manufacturing overhead and total manufacturing overhead. The Stenback Company Manufacturing Overhead Budget For the Upcoming Year Projected Sales (Units) Variable manufacturing overhead costs: Indirect materials Supplies Indirect labor Plant utilities Repairs and maintenance Total variable manufacturing overhead Data table Indirect materials. Supplies.... Indirect labor... Plant utilities. Repairs and maintenance. Depreciation on plant and equipment.. Insurance on plant and equipment.... Plant supervision...... Variable rate per unit $ Total fixed costs 0.90 0.70 0.40 $ 0.10 $ 0.50 $ $ $ $ 64,000 34,000 10,000 45,000 20,000 68,000 X
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3E: Salisbury Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost...
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Transcribed Image Text:The Stenback Company is in the process of preparing its manufacturing overhead budget for the upcoming year. Sales are projected to be 48,000 units. Information about the various
manufacturing overhead costs follows:
(Click the icon to view the manufacturing overhead cost information.)
Requirement
Prepare the manufacturing overhead budget for the Stenback Company for the upcoming year.
Prepare the manufacturing overhead budget by first calculating the total variable manufacturing overhead, then calculate the total fixed manufacturing overhead and total manufacturing overhead.
The Stenback Company
Manufacturing Overhead Budget
For the Upcoming Year
Projected Sales (Units)
Variable manufacturing overhead costs:
Indirect materials
Supplies
Indirect labor
Plant utilities
Repairs and maintenance
Total variable manufacturing overhead
Data table
Indirect materials..
Supplies.....
Indirect labor.
Plant utilities....
Repairs and maintenance...
Depreciation on plant and equipment..
Insurance on plant and equipment ....
Plant supervision.....
Variable rate
per unit
$
$
$
$
.$
0.90
0.70
Total fixed costs
0.40 $
0.10 $
0.50 $
$
$
$
64,000
34,000
10,000
45,000
20,000
68,000
-
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