The Ramirez Company Budgets Variable Manufacturing Overhead at 60% of Direct

question 30

Short Answer

The Ramirez Company budgets variable manufacturing overhead at 60% of direct labor costs. If the company estimates that 10,000 direct labor hours will be used at an average rate of $8.50 per hour. Fixed manufacturing overhead costs are budgeted at $45,000 with $10,000 of that amount being depreciation on plant machinery. Total budgeted manufacturing overhead will be: a. $130,000
B) $96,000
C) $120,000
D) $86,000

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Definitions:

Wireless Network

A telecommunications network that enables devices to connect and communicate wirelessly, without the need for physical cables.

Wireless Devices

Electronic devices that communicate without the need for physical connections using electromagnetic waves, such as Wi-Fi or Bluetooth technologies.

MSDS

Material Safety Data Sheet, a document that contains information on the potential hazards (health, fire, reactivity, and environmental) and how to work safely with chemical products.

Solvent

In a technical context, a solvent is a substance, typically liquid, used to dissolve other substances without chemically changing them, often used in cleaning or as part of chemical reactions.