Exercise 9-8 (Algo) Planning Budget (LO9-1 Wyckam Manufacturing Inc has provided the following estimates concerning...
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Exercise 9-8 (Algo) Planning Budget (LO9-1 Wyckam Manufacturing Inc has provided the following estimates concerning its manufacturing costs: Fixed Cost Cost per per Month Machine Hour Direct materials $ 5.60 Direct labor $ 42,700 Supplies $ 0.30 Utilities $1,500 $ 0.25 Depreciation $ 15,200 Insurance $ 11,500 For example, utilities should be $1,500 per month plus $0.25 per machine-hour. The company expects to work 4100 machine-hours in June. Note that the company's direct labor is a fixed cost Required: Prepare the company's planning budget for June
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