Manufacturing overhead budget and budget income statement
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Problem 1
Prepare a manufacturing overhead budget
For Savage Inc. variable manufacturing overhead cost are expected to be $20,000 in the first quarter of 2005 with $2,000 increments in each of the remaining three quarters. Fixed overhead cost are estimated to be $35,000 in each quarter.
Instructions
Prepare the manufacturing overhead budget by quarters and in total for the year.
Problem 2
Prepare a budget income statement for the year.
Stoker company has completed all of it operating budgets. The sales budget for the year shows 50,000 units and total sales of $2,000,000. The total unit cost of making one unit of sales is $24. Selling and admin expenses are expected to be $300,000.00. Income taxes are estimated to be $150,000.
Instructions
Prepare a budgeted income statement for the year ending December 31, 2005.
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Solution Summary
This explains the prepration of manufacturing overhead budget
Solution Preview
Prepare a manufacturing overhead budget
For Savage Inc. variable manufacturing overhead cost are expected to be $20,000 in the
First quarter of 2005 with $2,000 increments in each of the remaining three quarters. Fixed
Overhead cost are estimated to be $35,000 in each quarter.
Instructions
Prepare the manufacturing overhead budget by quarters and in total for the year.
MANUFACTURING OVERHEAD BUDGET
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Purchase this Solution
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