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Acme Company's production budget for August is 17,600 units and Includes the following component unit costs: direct materlals, $7.70; direct labor, $10.10; varlable overhead, $6.20.
Acme Company's production budget for August is 17,600 units and Includes the following component unit costs: direct materlals, $7.70; direct labor, $10.10; varlable overhead, $6.20. Budgeted fixed overhead is $33,000. Actual production in August was 18,810 unlts. Actual unit component costs Incurred during August Include direct materlals, $8.50; direct labor, $9.10; varlable overhead, $6.90. Actual fixed overhead was $34,600. Required: Prepare a performance report, Including each cost component. Note: Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance)
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