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. An incomplete flexible budget for overhead is given below for MHD company that owns...

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Accounting

. An incomplete flexible budget for overhead is given below for MHD company that owns and operates a large automatic carwash facility in Ghala.

MHD Company Flexible Budget

Overhead costs

Cost formula

(per car)

Activity (cars)

8,000

9,000

10,000

Variable overheadcosts

Cleaning supplies

?

?

4,500

?

Electricity

?

?

5,400

?

Maintenance

?

?

1,800

?

Total variable overheadcost

?

?

?

?

Fixed overhead costs

Operator wages

?

10,000

?

Depreciation

?

20,000

?

Rent

?

8,000

?

Total Fixed overhead costs

?

?

?

Total overhead costs

?

?

?

Required:

a) Fill in the missing data in the flexible budget.
b) Prepare a flexible budget performance report for both the variable and fixed overhead costs for August, assuming that the company static budget is 8,300 cars.

Actual Costs Incurred for 8,300 Cars in the month of August is as follows:

Variable overhead costs

Fixed overhead costs:

Cleaning supplies

.$ 4,350

Operator wages

. $ 10,060

Electricity

. $ 4,865

Depreciation

$ 20,200

Maintenance

$ 1,600

Rent

$ 8,000

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