Question
Halle Brothers Water Pump Company, Inc. uses a flexible budget for manufacturing overhead based on machine...
Halle Brothers Water Pump Company, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows:
Indirect labor$5.00
Indirect materials2.50
Maintenance.80
Utilities.30
Fixed overhead costs per month are:
Supervision$2,800
Insurance1,200
Property taxes700
Depreciation1,500
The company believes it will normally operate in a range of 2,000 to 5,000 machine hours per month.
Required
2. Prepare a budget report with variances based on the actual costs incurred as detailed below when the company operated in April 2020 at a level of 3,200 machine hours.
Indirect labor$16,800
Indirect materials 7,680
Maintenance 2,880
Utilities 1,600
Fixed overhead costs per month are:
Supervision$3,080
Insurance1,200
Property taxes735
Depreciation1,500
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