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13 February, 13:13

At the beginning of the period, the Fabricating Department budgeted direct labor of $72,000 and equipment depreciation of $18,500 for 2,400 hours of production. The department actually completed 2,350 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $

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  1. 13 February, 15:12
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    The flexible budget shows $ 70500 direct labor hours and $ 18114.58 Depreciation for 2350 hours.

    Explanation:

    Given

    Actual hours 2,350

    Budgeted Hours 2400

    Budgeted Direct Labor $ 72,000

    Budgeted Depreciation $ 18,500

    Fabricating Department

    Flexible Budget

    Budgeted Flexible Difference

    Hours 2400 2350

    Direct Labor $ 72,000 70500 1500

    Depreciation $ 18,500 18114.58 385.42

    Total $ 90500 88,614.58 1885.42

    Calculations

    (72,000/2400) * 2350=70500

    (18,500 / 2400) * 2350 = 18114.58

    The flexible budget shows $ 70500 direct labor hours and $ 18114.58 Depreciation for 2350 hours.
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Home » Business » At the beginning of the period, the Fabricating Department budgeted direct labor of $72,000 and equipment depreciation of $18,500 for 2,400 hours of production. The department actually completed 2,350 hours of production.
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