\'BA. ?? CALCULATOR ,ULL SCREEN PK?NTER veaSION Brief Exercise 22-5 Your answer

Question

'BA. ?? CALCULATOR ,ULL SCREEN PK?NTER veaSION Brief Exercise 22-5 Your answer is partially correct. Try agan Gundy Company expects to produce 1,243,200 units of Prodact XX in 2017. Montly production is expected to range from 78,900 to 120,900 units.Budgeted variable manufacturing costs per unit are: direct materials $4, derect labor $7, and overhead $10 Budgeted fioxed manufacturing costs per unit for depreciation are $5 and for supervision are $3 In March 2017, the company incurs the following costs in producing 99,900 units: direct materials $424,600, direct labor $694,300, and variable overhead $1,004,000. Actual fixed costs were equal to budgeted fixed costs Prepare a flesxible budget report for March. (List variable costs before Fixed costs) Flexible Budget Report Ended March 31, 2017 Neither Favorable Bedget

Explanation / Answer

Budget Actual Units produced 99900 99900 Variable costs: Direct materials 399600 424600 25000 Unfavorable Direct labor 699300 694300 5000 Favorable Overhead 999000 1004000 5000 Unfavorable Total Variable costs 2097900 2122900 25000 Unfavorable Fixed costs: Supervision 518000 518000 0 Neither favorable nor Unfavorable Depreciation 310800 310800 0 Neither favorable nor Unfavorable Total Fixed costs 828800 828800 0 Neither favorable nor Unfavorable Total costs 2926700 2951700 25000 Unfavorable

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