LUS re https://edugen.wileyplus.com/edugen/student/mainfr.uni US Kimmel, Account

Question

LUS re https://edugen.wileyplus.com/edugen/student/mainfr.uni US Kimmel, Accounting, e FINANCIAL&MANAGERIAL; (ACc 110/210) Assignment signment ES Do It! Review 22-1 Wade Company estimates that it will produce 6,000 units of product 10A during the current month. Budgeted variable manuf acturing costs per unit are direct $11, and overhead $17. Monthly budgeted fixed manufacturing overhead costs are $8,200 for depreciation and $3,600 for supervision. In the current month, Wade actually produced 6,500 units and incurred the following costs: direct materials $39,500, direct labor $64,100, variable overhesd $110,800, depreciation $8,200, and supervision $3,820. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period (List variable costs before fixed costs.) Favorable Neither Favorable Actual Budget

Explanation / Answer

Wade Company Static Budget Report Budget Actual Difference STATICE BUDGET ACTUAL VARIANCE Units 6000 6500 variable costs Direct material(6000*$7) $            42,000 $            39,500 $           -2,500 favourable Direct labour((6000*$11) $            66,000 $            64,100 $           -1,900 favourable Manufacturing overhead(6000*$17) $        1,02,000 $        1,10,800 $             8,800 Unfavourable Fixed costs $                    -   Depeciation $              8,200 $              8,200 $                    -   None supervision $              3,600 $              3,820 $                220 Unfavourable Total expenses $        2,21,800 $        2,26,420 $             4,620 Unfavourable

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

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