Gaylord Company has the following flexible budget for manufacturing overhead:
|
Activity level: |
|||
|
Direct labor hours |
20,000 |
25,000 |
30,000 |
|
Variable costs: |
|||
|
Indirect materials |
$10,000 |
$ 12,500 |
S 15,000 |
|
Indirect labor |
40,000 |
50,000 |
60,000 |
|
Supplies |
30,000 |
37,500 |
45,000 |
|
Total |
80,000 |
100,000 |
120,000 |
|
Fixed costs: |
|||
|
Depreciation |
30,000 |
30,000 |
30,000 |
|
Supervision |
45,000 |
45,000 |
45,000 |
|
Total |
75,000 |
75,000 |
75,000 |
|
Total costs “155,000 |
5175,000 |
$195,000 |
In January, 22,000 direct labor hours were expected and 24,000 were worked.
Instructions
Given the following actual costs, complete the following budget report: