The manufacturing overhead budget for Sheridan Company contains the following items: ...

60.1K

Verified Solution

Question

Accounting

The manufacturing overhead budget for Sheridan Company contains the following items:

Variable expenses

Indirect materials

$24,200

Indirect labour

13,200

Maintenance expenses

11,000

Manufacturing supplies

6,600

Total variable expenses

$55,000

Fixed expenses

Supervision

$18,700

Inspection costs

1,100

Insurance expenses

2,200

Depreciation

16,500

Total fixed expenses

$38,500

The budget was based on an estimated 2,200 units being produced. During the past month, 1,650 units were produced, and the following costs were incurred:

Variable expenses

Indirect materials

$24,800

Indirect labour

14,900

Maintenance expenses

9,000

Manufacturing supplies

5,500

Total variable expenses

$54,200

Fixed expenses

Supervision

$20,200

Inspection costs

1,300

Insurance expenses

2,400

Depreciation

16,200

Total fixed expenses

$40,100

How much should have been spent during the month for the manufacture of the 1,650 units?

Total cost

$enter the total cost in dollars

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students