Question

Question was provided via image upload.

Explanation:

Calculate direct labor hours needed

Using the Direct Labor Hours knowledge point

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Calculate budgeted variable overhead

Using the Variable Overhead Rate knowledge point

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Identify the input error in the budget table

Using the Factory Overhead Budget knowledge point
The student's calculations for "Budgeted variable overhead" of \(\$4,131\), \(\$5,184\), and \(\$4,941\) are correct, but they were entered into the wrong row. The table contains an extra, unlabeled row below "Budgeted variable overhead" where the student accidentally entered extremely large numbers (\(\$632,043\), \(\$995,328\), \(\$904,203\)).

To complete the table correctly, the calculated variable overhead values must be placed in the main "Budgeted variable overhead" row, the extra row must be left blank or cleared, and the total overhead must be recalculated.

Calculate budgeted total factory overhead

Using the Fixed Overhead Allocation and Factory Overhead Budget knowledge points

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Answer:

To complete the Factory Overhead Budget correctly, you need to correct the placement of your variable overhead calculations and recalculate the totals.

The values you calculated for Budgeted variable overhead (\(\$4,131\) for April, \(\$5,184\) for May, and \(\$4,941\) for June) are mathematically correct, but they were entered in the wrong row, and incorrect large values were entered in the row below.

Here is the completed and corrected budget table:

Item	April	May	June
Budgeted variable overhead	\$4,131	\$5,184	\$4,941
Budgeted fixed overhead	\$8,700	\$8,700	\$8,700
Budgeted total factory overhead	\$12,831	\$13,884	\$13,641

(Note: Ensure that any extra input rows in your online homework system are cleared or left blank.)