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Ad libitum [116K]
3 years ago
14

At the beginning of the period, the Fabricating Department budgeted direct labor of $99,000 and equipment depreciation of $44,00

0 for 5,500 hours of production. The department actually completed 7,100 hours of production.
Required:
Determine the budget for the department, assuming that it uses flexible budgeting.
Business
1 answer:
Rama09 [41]3 years ago
4 0

Answer:

Fabricating Department

Flexible budget for the period:

                                           Flexible      Planned  

                                           Budget       Budget     Variance

Production hours                   7,100         5,500      1,600 hours

Direct labor                      $127,800    $99,000   $28,800

Equipment depreciation    44,000        44,000              0

Total cost                         $171,800    $143,000  $28,800

Explanation:

a) Data and Calculations:

Budgeted direct labor = $99,000

Equipment depreciation = $44,000

Budgeted production hours = 5,500 hours

Actual production hours = 7,100 hours

Flexible Budget:

Direct labor = $99,000 * 7,100/5,500 = $127,800

Equipment depreciation = $44,000

Total cost = $171,800

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