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Becker Bikes manufactures tricycles. The company expects to sell 430 units in May and 560 units...

Becker Bikes manufactures tricycles. The company expects to sell 430 units in May and 560 units in June. Beginning and ending finished goods for May is expected to be 135 and 100 units, respectively. June’s ending finished goods is expected to be 110 units. The company’s variable overhead is $6.50 per unit produced and its fixed overhead is $7,000 per month. Compute Becker’s manufacturing overhead budget for May and June. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

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Answer #1

In order to calculate Manufacturing overhead budget first we need calculate Production budget.

==> May ending inventory becomes June beginning inventory

Budgeted production X Variable factory overhead rate = Budgeted variable overhead

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