PERFORMANCE REPORT Dagmar Company budgeted the following amounts: Variable costs of production: Direct materials 3 pounds @

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PERFORMANCE REPORT Dagmar Company budgeted the following amounts:

Variable costs of production:

Direct materials 3 pounds @ 0.80 per pound Direct labor 0.5 hr. @ $12.00 per hour Variable overhead 0.5 hr. @ $1.50 Fixed overhead:

Materials handling $6,200 Depreciation $2,600 At the end of the year, Dagmar had the following actual costs for production of 2,900 units:

Direct materials $ 6,900 Direct labor 17,340 Variable overhead 2,200 Fixed overhead:

Materials handling 6,300 Depreciation 2,600 Required:

Prepare a performance report using a budget based on the actual level of production.

Cornerstone Exercise

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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