Hardin Company_manufacturing overhead budget for 2012

Hardin Company_manufacturing overhead budget for 2012

Question
	
Hardin Company is preparing
its manufacturing overhead budget for 2012. Relevant data consist of the
following.

Units
to be produced (by quarters): 10,000, 12,000, 14,000, 16,000.

Direct
labor: Time is 1.5 hours per unit.

Variable
overhead costs per direct labor hour: Indirect materials $0.70; indirect labor
$1.20; and maintenance $0.50.

Fixed
overhead costs per quarter: Supervisory salaries $35,000; depreciation $16,000;
and maintenance $12,000.



Complete
the manufacturing overhead budget for the year, showing quarterly data. (Round
overhead rate to 2 decimal places, i.e. 4.25.)



HARDIN
COMPANY

Manufacturing
Overhead Budget

For
the Year Ending December 31, 2012



 Quarter

 1 2 3 4 Year

Variable costs

Indirect
materials $ $ $ $ $

Indirect
labor

Maintenance


Total variable



Fixed costs

Supervisory
salaries

Depreciation


Maintenance


Total fixed



Total manufacturing overhead$ $ $ $ $

Direct labor hours

Manufacturing overhead rate per direct labor
hour $