41 Direct labor hours per unit
42 Direct labor hours needed for production
43 Direct labor cost per hour
44 Budgeted direct labor cost
46 Thunder Creek Company prepares its Manufacturing Overhead Budget. For each direct labor hour, the variable overhead costs are:
Indirect Materials = $1.00 per DLH; Indirect Labor Cost = $1.30 per DLH; Maintenance = $1.20 per DLH
47 The Fixed Overhead Costs per month are: Salaries of $40,000, Depreciation =$20,000 and Maintenance = $10,000.
48 Prepare a Manufacturing Overhead Budget. (When entering answers in the manufacturing overhead budget, use the direct labor budget for your cell references.)
49 Use '=ROUND' function to round the predetermined overhead allocation rate to two decimal places. Manufacturing overhead is allocated using direct labor hour
52 Budget #5: Manufacturing Overhead Budget
53 Budgeted units to be produced
54 VOH cost per unit
55 Budgeted VOH
56 Budgeted FOH
57 Depreciation
58 Salaries and maintenance
59 Total budgeted FOH
60 Budgeted manufacturing overhead costs
62 Direct labor hours (DLHr)
63 Predetermined overhead allocation rate per DLHr
65 Thunder Creek Company uses the first-in, first-out (FIFO) inventory costing method.
66 The Beginning Finished Goods Inventory is $86,400 consisting of 3,600 units.
