Need help with the following attachment Please show work 24

Need help with the following attachment. Please show work.

24) Manufacturing Overhead Budget. The production budget for Kaminski Products shows the company expects to produce 500 units in the first quarter. Assume variable overhead cost per unit is $5 for indirect materials, S8 for indirect labor, and $3 for other items Fixed overhead cost per quarter is $30,000 for salaries, $20,000 for rent, and $8,000 for depreciation. Prepare a manufacturing overhead budget for the first quarter using Figure 9.7 \"Manufacturing Overhead Budget for Jerry\'s Ice Cream\" as a guide (Hint: you are preparing a manufacturing overhead budget for the first quarter only.)

Solution

Kaminski Products

Manufacturing Overhead Budget

Quarter Ending June 30th

Quarter 1

Units to be Produced

500

Variable Overhead Cost

        Indirect Materials ($ 5 Per unit)

$    2,500.00

        Indirect Labor ($ 8 Per Unit)

$    4,000.00

        Other ($ 3 Per Unit)

$    1,500.00

Total Variable Overhead Cost

$    8,000.00

Fixed Overhead Cost

        Salaries

$ 30,000.00

        Rent

$ 20,000.00

        Depreciation

$    8,000.00

Total Fixed Overhead Cost

$ 58,000.00

Total Overhead Cost

$ 66,000.00

Deduct: Depreciation

$ (8,000.00)

Cash Payment For Overhead

$ 58,000.00

Manufacturing Overhead Per Unit

$        116.00

Kaminski Products
Manufacturing Overhead Budget
Quarter Ending June 30th
	Quarter 1
Units to be Produced	500
Variable Overhead Cost
Indirect Materials ($ 5 Per unit)	$    2,500.00
Indirect Labor ($ 8 Per Unit)	$    4,000.00
Other ($ 3 Per Unit)	$    1,500.00
Total Variable Overhead Cost	$    8,000.00
Fixed Overhead Cost
Salaries	$ 30,000.00
Rent	$ 20,000.00
Depreciation	$    8,000.00
Total Fixed Overhead Cost	$ 58,000.00
Total Overhead Cost	$ 66,000.00
Deduct: Depreciation	$ (8,000.00)
Cash Payment For Overhead	$ 58,000.00
Manufacturing Overhead Per Unit	$        116.00