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NEED ANSWERED NOW

fill in picture 1. use picture 2 for options on left in first picture.

Wade Company estimates that it will produce 6,600 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $6, direct labor $12, and overhead $17. Monthly budgeted fixed manufacturing overhead costs are $8,000 for depreciation and $4,000 for supervision.

In the current month, Wade actually produced 7,100 units and incurred the following costs: direct materials $36,400, direct labor $77,300, variable overhead $121,000, depreciation $8,000, and supervision $4,200.

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.)

n Assignment MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION Start Time: 04:26 ning 118 mi Wade Company Static Budget Report Difference Favorable Unfavorable r Favorable nor Unfavorable Bud Actual Were costs controlled? All Rights Reserved/A Division of Johnwiley&Sons;nc.

Explanation / Answer

Budget Actual Difference Units produced 6600 7100 Variable costs: Direct materials 39600 36400 3200 Favorable Direct labor 79200 77300 1900 Favorable Overhead 112200 121000 8800 Unfavorable Total Variable costs 231000 234700 3700 Unfavorable Fixed costs: Depreciation 8000 8000 0 Neither favorable nor Unfavorable Supervision 4000 4200 200 Unfavorable Total Fixed costs 12000 12200 200 Unfavorable Total costs 243000 246900 3900 Unfavorable Costs were not controlled

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