Acc560 Managerial Accounting: E10-7 Pletcher Company's manufacturing overhead budget

Acc560 Managerial Accounting

E10-7
Pletcher Company's manufacturing overhead budget for the first quarter of 2008 contained the following data.
Variable Costs Fixed Costs
Indirect materials 12,000 Supervisory salaries 36,000
Indirect labor 10,000 Depreciation 7,000
Utilities 8,000 Property taxes and insurance 8,000
Maintenance 6,000 Maintenance 5,000
Actual variable costs were: indirect materials $13,800, indirect labor $9,600, utilities $8,700, and maintenance $4,900. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,200. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance.

Instructions:
a. Prepare a flexible manufacturing overhead budget report for the first quarter. (If answer is zero, please enter 0. Do not leave any fields blank.)
b. Prepare a responsibility report for the first quarter. (If answer is zero, please enter 0. Do not leave any fields blank.)
Powered by