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Wytch Corporation bases its budgets on machine-hours. The company's static planning budget for February appears below: Budgeted...

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Accounting

  1. Wytch Corporation bases its budgets on machine-hours. Thecompany's static planning budget for February appears below:

Budgeted number of machine-hours

6,000

Budgeted variable costs:

   Supplies (@ $6.90 per machine-hour)

$

41,400

   Power (@ $3.70 per machine-hour)

22,200

Budgeted fixed costs:

   Salaries

51,600

   Equipment depreciation

26,400

Total expense

$

141,600

Required:

Prepare a flexible budget for 6,400 machine-hours per month.

Answer & Explanation Solved by verified expert
4.0 Ratings (459 Votes)

Flexible Budget Based on 6,400 Machine-Hours
Variable overhead costs:
Supplies   $                               44,160.00
Power   $                               23,680.00
Total variable overhead cost   $                               67,840.00
Fixed overhead costs:
Salaries   $                               51,600.00
Equipment depreciation   $                               26,400.00
Total fixed overhead cost   $                               78,000.00
Total overhead cost   $                             145,840.00

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