Project #20322 - Managerial Accounting Problem

FAGAN COMPANY PREPARED THE FOLLOWING FLEXIBLE BUDGET

FAGAN COMPANY FLEXIBLE MANUFACTURING OVERHEAD BUDGET

ACTIVITY LEVEL               2,000               3,000               4,000

  MACHINE HOURS

VARIABLE COSTS

     INDIRECT LABOR       10,000              15,000              20,000

     INDIRECT MATIERALS 5,000               7,500                10,000

     MAINTENANCE            1,000                1,500               2,000

     UTILITIES                  600                  900                  1,200

       TOTAL VARIABLE      16,000              24,900            33,300

FIXED COSTS

     SUPERVISION           600                    600                   600

     INSURANCE               200                   200                   200

     PROPERTY TAXES      300                    300                   300

    DEPRECIATION          900                    900                   900

        TOTAL FIXED         2,000                 2,000                2,000

  TOTAL   COSTS           18,600               26,900               35,200

IN JUNE FAGAN USED 2,600 MACHINE HOURS.  COSTS INCURED WERE INDIRECT LABOR, 13,300; INDIRECT MATERIALS 6,350; MAINTENANCE 1,400; UTILITIES 750; SUPERVISION 660; INSURANCE 200; PROPERTY TAXES 300, AND DEPRECIATION 900

 

PERPARE A FLEXIBLE BUDGET REPORT FOR JUNE:

 

Subject Business
Due By (Pacific Time) 12/23/2013 12:00 am
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