Flexible Budgets - Hardball Corporation
Not what you're looking for?
Hardball Corporation uses the following cost formulas in its flexible budget for manufacturing overhead:
Item Cost Formula
Utilities... $6,000 per year, plus $0.30 per machine hour (MH)
Supplies... $10,000 per year, plus $0.80 per machine hour
Depreciation... $25,000 per year
Indirect labor... $21,000 per year, plus $0.40 per machine hour
Using these cost formulas, complete the following flexible budget:
Machine Hours Cost Formula
Overhead Costs (per MH) 8,000 10,000 12,000
Variable overhead costs:
___________________ $_______ $_______ $_______ $_______
___________________ ________ ________ ________ ________
___________________ ________ ________ ________ ________
Total variable costs.... $_______ ________ ________ ________
Fixed overhead costs:
___________________ ________ ________ ________
___________________ ________ ________ ________
___________________ ________ ________ ________
___________________ ________ ________ ________
Total variable costs.... ________ ________ ________
Total overhead costs... $_______ $_______ $_______
Purchase this Solution
Solution Summary
This solution is comprised of a detailed explanation to prepare the flexible budgets for Hardball Corporation.
Solution Preview
Hardball Corporation uses the following cost formulas in its flexible budget for manufacturing overhead:
Item Cost Formula
Utilities... $6,000 per year, plus $0.30 per machine hour (MH)
Supplies... $10,000 per year, plus $0.80 per machine ...
Purchase this Solution
Free BrainMass Quizzes
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.