Requirement Prepare the Factory Overhead Budget for
Conlan Inc.. The product’s
manufacturing cost is $215 per unit, including per unit
costs of $90 for
materials (6 lbs. at
$15 per lb.), $88 for direct
labor (4hours × $22 direct labor
rate per hour), $25 for variable overhead, and
$12 for fixed overhead. Annual fixed overhead
consists, incurred evenly throughout the year, consist of
depreciation on production equipment, $20,700;
factory utilities, $25,800, and other factory
overhead of $5,136.
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Conlan Inc. |
Factory Overhead Budget |
For the year ended December 31, 2018 |
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First Qtr. |
Second Qtr. |
Third Qtr. |
Fourth Qtr. |
Total |
Budgeted
production (units) |
897 |
962 |
1,040 |
1,404 |
4,303 |
Variable
factory overhead rate |
$25.00 |
$25.00 |
$25.00 |
$25.00 |
$25.00 |
Budgeted variable overhead |
$22,425 |
$24,050 |
$26,000 |
$35,100 |
$107,575 |
Budgeted
fixed overhead |
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Budgeted total overhead |
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