Actual variable costs were indirect materials $15,106, indirect labor $9,540, ut

Question

Actual variable costs were indirect materials $15,106, indirect labor $9,540, utilities $9,686. and maintenance $4,992. Actual fixed costs equaled budgeted costs except for property taxes and insurance, winch were $8,786. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depredation, and property taxes and insurance. Prepare a manufacturing overhead flexible budget report for the first quarter. (List variable costs before fixed costs.) Prepare a responsibility report for the first quarter.

Explanation / Answer

Manufacturing Overhead Flexible Budget Report Budget Actual Difference Variable costs Indirect materials 11827 15106 3279 U Indirect labor 10627 9540 1087 F Utilities 7085 9686 2601 U Maintenance 5886 4992 894 F Total variable cost 35425 39324 3899 U Fixed costs Supervisory salarie 36643 36643 0 Depreciation 6526 6526 0 Prop. taxes & 7949 8786 837 U Maintenance 4353 4353 0 Total fixed costs 55471 55471 0 Total costs 90896 94795 3899 U Manufacturing Overhead Responsibility Report Controllable Cost Budget Actual Difference Indirect materials 11827 15106 3279 U Indirect labor 10627 9540 1087 F Utilities 7085 9686 2601 U Maintenance 10239 9345 894 F Supervisory salarie 36643 36643 0

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.