r ni VR Treadmil @cd Combat . Lear. The 7% Body-fat D @o llusionsContinuous scho

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r ni VR Treadmil @cd Combat . Lear. The 7% Body-fat D @o llusionsContinuous school Runos- HubSpot Inbound. Companies Needing QACG 2 210.4 Fo... Weygandt, Financial & Managerial Accounting, 2e Financial and Managerial Accounting (ACCTG 10 an Assignment Gradebook ORION Downloadable eTextbook nt MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK wade Company estimates that it wil produce 6,000 units of product IOA during the current morth. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $8,000 for depreciation and $3,800 for supervision. In the current month, Wade actually produced 6,500 units and incurred the following costs: direct materials $38,850, direct labor $76,440, variable overhead $116,640, depreciation $8,000, and supervision $4,000. 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.) Wade Company Static Budget Report Difference Favorable Unfavorable Neither Favorable nor Unfavorable Bud Actual Depreciation Direct Labor Direct Materials Fixed Costs Total Costs Total Fixed Costs Total Variable Costs Units Produced Variable Costs Verslon 4.24 Sons,Inc, All Rights Reserved. A Division of Jahn Wiley &Sons; Ins

Explanation / Answer

Budget Actual Difference Units 6000 6500 Variable costs: Direct materials 42000 38850 3150 Favorable Direct labor 78000 76440 1560 Favorable Overhead 108000 116640 8640 Unfavorable Total Variable costs 228000 231930 3930 Unfavorable Fixed costs: Depreciation 8000 8000 0 Neither favorable nor Unfavorable Supervision 3800 4000 200 Unfavorable Total Fixed costs 11800 12000 200 Unfavorable Total costs 239800 243930 4130 Unfavorable No costs were not controlled

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