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blsea [12.9K]
3 years ago
8

At the beginning of the period, the Assembly Department budgeted direct labor of $60,500 and property tax of $26,000 for 5,500 h

ours of production. The department actually completed 6,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $ fill in the blank 1
Business
1 answer:
crimeas [40]3 years ago
5 0

Answer:

Total cost= $100,800

Explanation:

Giving the following information:

Property tax= $26,000

Direct labor= $60,500

Number of hours= 5,500

<u></u>

<u>Property tax is a fixed cost. We need to calculate the hourly rate for direct labor:</u>

Hourly rate= 60,500 / 5,500

Hourly rate= $11

<u>Now, the flexible budget:</u>

Fixed cost= 26,00

Variable cost= 11*6,800= 74,800

Total cost= $100,800

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