Acme Companys production budget for August is 17,500 units and includes the following component unit costs direct materials, $8 direct labor, $10 variable overhead, $6 Budgeted fixed overhead is $35,000 Actual production in August was 17,000 units Actual unit component costs incurred during August include direct materials, $8 25 direct labor, $9 45 variable overhead, $6 82 Actual fixed overhead was $33,500 Required Prepare a performance report, including each cost component (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance) ) Acme Company's production budget for August is 17,500 units and includes the following component unit costs direct materials, $8 direct labor, $10 variable overhead, $6 Budgeted fixed overhead is $35,000 Actual production in August was 17,000 units Actual unit component costs incurred during August include direct materials, $8 25 direct labor, $9 45 variable overhead, $6 82 Actual fixed overhead was $33,500 Required Prepare a performance report, including each cost component (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance) )

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Acme Companys production budget for August is 17,500 units and includes the following component unit costs: direct materials, $8; direct labor, $10; variable overhead, $6.

Acme Companys production budget for August is 17,500 units and includes the following component unit costs: direct materials, $8; direct labor, $10; variable overhead, $6. Budgeted fixed overhead is $35,000. Actual production in August was 17,000 units. Actual unit component costs incurred during August include direct materials, $8.25; direct labor, $9.45; variable overhead, $6.82. Actual fixed overhead was $33,500. Required: Prepare a performance report, including each cost component. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) image text in transcribed

Acme Company's production budget for August is 17,500 units and includes the following component unit costs: direct materials, $8; direct labor, $10; variable overhead, $6. Budgeted fixed overhead is $35,000. Actual production in August was 17,000 units. Actual unit component costs incurred during August include direct materials, $8.25; direct labor, $9.45; variable overhead, $6.82. Actual fixed overhead was $33,500. Required: Prepare a performance report, including each cost component. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)