I really need someones help with this. I\'ve gone over this a hundred times and
ID: 2377562 • Letter: I
Question
I really need someones help with this. I've gone over this a hundred times and I'm not grasping this assignment. Any help is greatly appreciated!!!
Carole Dahl is chief financial officer of the Phoenix Division of Dahl Corporation, a multinational company with three operating divisions. As part of the budgeting process, Dahl's staff is developing the overhead budget for next year. The division estimates that it will manufacture 50,000 units during the year. The budgeted cost information is as follows:
Using these data, prepare the division's overhead budget for next year. Enter all amounts as positive numbers.
Dahl Corporation
Phoenix Division
Overhead Budget
For the Year Ended December 31
Variable overhead costs
Indirect materials
Indirect labor
Supplies
Repairs and maintenance
Electricity
Total variable overhead costs
Fixed overhead costs
Repairs and maintenance
Electricity
Factory supervision
Insurance
Property taxes
Depreciation, machinery
Depreciation, building
Total fixed overhead costs
Total overhead costs
Carole Dahl is chief financial officer of the Phoenix Division of Dahl Corporation, a multinational company with three operating divisions. As part of the budgeting process, Dahl's staff is developing the overhead budget for next year. The division estimates that it will manufacture 50,000 units during the year. The budgeted cost information is as follows: Using these data, prepare the division's overhead budget for next year. Enter all amounts as positive numbers.Explanation / Answer
Indirect material 50000
indirect labor 200000
Supplies 20000
Repairs and maintenance 150000
Electricity 5000
Total variable overhead costs 425000
Fixed overhead costs
Repairs and maintenance 40000
Elecricity 20000
Factory and supervision 180000
Insurance 25000
Property taxes 35000
Depreciation machinery 82000
depreciation building 72000
Total fixed overhead costs 454000
Total overhead costs 879000