Question

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month...

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:

Fixed Cost
per Month		 Cost per
Machine-Hour
Direct materials $ 5.40
Direct labor $ 42,000
Supplies $ 0.30
Utilities $ 1,700 $ 0.15
Depreciation $ 15,400
Insurance $ 11,400

For example, utilities should be $1,700 per month plus $0.15 per machine-hour. The company expects to work 4,000 machine-hours in June. Note that the company’s direct labor is a fixed cost.

Required:

Prepare the company’s planning budget for June.

Business   Accounting   
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Answer #1
Wyckam Manufacturing Inc
Planning budgets for manufacturing costs
For the month ended June 30
Budgeted Machine Hours 4000
Direct materials $       21,600.00
Direct labor $       42,000.00
Supplies $         1,200.00
Utilities $         2,300.00
Depreciation $       15,400.00
Insurance $       11,400.00
Total Manufacturing Cost $       93,900.00
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