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#2 Concord Company estimates that it will produce 6,840 units of product IOA during the cument month. Budgeted varlable overhead costs are $9,120 for depecciation
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Concord Company estimates that it will produce 6,840 units of product IOA during the cument month. Budgeted varlable overhead costs are $9,120 for depecciation and $4,332 for supervision. In the current month, Concord actually produced 7,340 units and incurred the followine costs: direct nuterials 544,289 , diect latior $87,128, variable overthead $132,956, depreciation $9.120, and supervkion $4.560 Prepare a static budget report. Fint: The Budget column is based on estimated production while the Actual columinis the actual cost Incurred during the period. (List variable costs before faxed costs) Concord Company estimates that it will produce 6,840 units of product IOA durhg the current month. Budgeted variable manufacturing costs per unit are direct materials $7, dircet labor $13, and overhead $18. Monthiy budgeted fixed manufacturing overhead costs are $9,120 for depreciation and $4,332 for supervision. In the current month, Concord actually produced 7,340 units and incured the following costs: direct materials $44,289, direct labor $87.128, variable overhead $132,956, depreciation $9.120, and supervision $4,560. 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 foxed costs) Step by Step Solution
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