Wyckam Manufacturing Inc. has provided the following estimates concerning its manufacturing costs: Fixed Cost per...
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Wyckam Manufacturing Inc. has provided the following estimates concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour $ 5.60 $ 42,500 Direct materials Direct labor Supplies Utilities Depreciation Insurance $ 0.10 $ 0.30 $ 1,400 $ 14,700 $ 11,300 For example, utilities should be $1,400 per month plus $0.30 per machine-hour. The company expects to work 4,400 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Inc. Planning Budget for Manufacturing Costs For the Month Ended June 30 Actual machine-hours Direct materials $ 24,640 Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 24,640
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