Exercise 10-15 Expected manufacturing costs for Golden Valley Data Devices are a
ID: 2565460 • Letter: E
Question
Exercise 10-15 Expected manufacturing costs for Golden Valley Data Devices are as follows:
Variable Costs Fixed Costs per Month Direct material $8.00/unit Supervisory salaries $23,000 Direct labor Variable overhead 2.30/unit Other factory costs 4,300 3.60/unit Factory depreciation 10,400 During the period, Golden Valley produced 12,980 units and incurred the following costs Variable Costs Fixed Costs per Month Direct materia $101,000 Supervisory salaries $23,360 Direct labor Variable overhead 29,394 Other factory costs 50,968 Factory depreciation 9,480 4,510 Prepare a performance report for Golden Valley Data Devices. (List variable costs before fixed costs. Enter unfavorable variances using either a negative sign preceding the number e.g -45 or parentheses e.g. (45).)Explanation / Answer
Flexible Budget Actual Difference No. of units 12980 12980 0 Variable cost Direct material 103840 101000 2840 F (12980*8) Direct Labor 46728 50968 -4240 U (12980*3.6) Varaible overhead 29854 29394 460 F Total varaible cost 180422 181362 -940 U Fixed cost Supervisiory salaries 23000 23360 -360 U Factory Depreciation 10400 9480 920 F Other Factory Cost 4300 4510 -210 U Total fixed cost 37700 37350 350 F Total overhead 218122 218712 -590 U
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