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Q.1 Cuban Company uses a flexible budget for manufacturing overhead based on direct labor hours....

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Accounting

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Q.1 Cuban Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Fixed overhead costs per month are: Supervision $4,000, Depreciation $3,000, and Property Taxes $800. The company believes it will normally operate in a range of 7,000 10,000 direct labor hours per month. (a) Prepare a monthly flexible manufacturing overhead budget for 2023 for the expected range of activity, using increments of 1,000 direct labor hours. (b) Assume that in May 2023, Cuban Company incurs the following manufacturing overhead costs. Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month

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