26. Fagan Company uses a flexible budget for manufacturing overhead based on ma hours. Variable...
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26. Fagan Company uses a flexible budget for manufacturing overhead based on ma hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor Indirect materials Maintenance Utilities $5.00 2.50 .50 30 Fixed overhead costs per month are: Supervision 200 300 Depreciation The company believes it will normally operate in a range of 2,000 to 4,000 hours per month. During the month of August, 2010, the company i manufacturing overhead costs: machine incurs the following Indirect labor Indirect materials Maintenance Utilities Supervisiorn $14,000 8,100 1,400 950 720 200 300 930 Property taxes Depreciation Prepare a flexible budget report, assuming that the company used 3,000 machine hour during August Instructions
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