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Chrome File Edit View History Bookmarks People Window Help G 100% E Mon 11:09 PM Mitch Faylor ' WileypLUS , O 528Hz Release inner Conflic! e ZorgNet . Discover Interestinc × × secure https://edugen.wileyplus.com/edugen/student/mainfr.uni Apps O custo writing ser. Oomi i VR Treadmill. GCodeCombat Lear ·The 7% Body Fat Di ll sions Continuous. Oled SchoolRunes y HubSpot inbound » anies Needing.. WileyPLUS I Help I Contact Us I Log Out WileyPLUS Waygandt,Financial& Managerial Accounting, Financial and Managerial Accounting (ACCTG 10 and 11) Home Read, Study &Practice; Gradebook ORION Downloadable cTextbook Assignment>Open Assignment MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK ASSIGNMENT RESOURCES Do It! Review 24-1 Ch 24 Practice Wade Company estimates that it will produce 6,000 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $8, direct labor $13, and overhead $19. Monthly budgeted fixed manufacturing overhead costs are $7,700 for depreciation and $3,700 for supervision Do It! Review 24-3 In the current month, wade actually produced 6,500 units and incurred the following costs: direct materials $45,000, direct labor $76,400, variable overhead $122,100, depreciation $7,700, and supervision $3,940 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.) Exercise 24-14 Wade Company Static Budget Report Obiective Favorable Neither Favorable nor Unfavorable Budget Actual Inc. All Rights Reserwed. A Version 4.24.3.3

Explanation / Answer

NO cost is not controlled .as the variance is unfavorable

Static Budget Budget Actual Variance Number of units 6000 6500 Variable cost Direct material 48000   [8*6000] 45000 3000 F Direct labor 78000   [13*6000] 76400 1600 F overhead 114000 [19*6000] 122100 8100 U Total variable cost 240000 243500 3500 U Fixed cost Depreciation 7700 7700 0 NA Supervision 3700 3940 240 U Total fixed cost 11400 11640 240 U Total cost 251400 255140 3740 U

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