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Question 23 Saved At the beginning of the period, the Assembly Department budgeted direct labor of...

Question 23 Saved At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct material of $170,000 and fixed costs of $28,000 for 8,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting. a) $385,000 b) $335,500 c) $350,000 d) $378,000

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Answer #1

Budgeted direct material for 8,000 hours = $170,000

Hence, direct material for 1 hour = 170,000/8,000

= $21.25

Budgeted direct labor for 8,000 hours = $110,000

Hence, direct labor for 1 hour = 110,000/8,000

= $13.75

Budget for 10,000 hours

Direct material (10,000 x 21.25) 212,500
Direct labor (10,000 x 13.75) 137,500
Fixed cost 28,000
Total budget 378,000

Correct option is (d)

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