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Acme Companys production budget for August is 18,500 units and includes the following component unit costs: direct materials, $8.10; direct labor, $11.00; variable overhead, $5.00.
Acme Companys production budget for August is 18,500 units and includes the following component unit costs: direct materials, $8.10; direct labor, $11.00; variable overhead, $5.00. Budgeted fixed overhead is $42,000. Actual production in August was 20,250 units. Actual unit component costs incurred during August include direct materials, $9.20; direct labor, $10.40; variable overhead, $5.50. Actual fixed overhead was $44,500. Required: Prepare a performance report, including each cost component. please answer Answer is not complete. Cost Component Original Budget (18,500 units) Flexed Budget (20,250 units) Actual Cost (20,250 units) Budget Variance Direct materials $150,150selected answer incorrect $163,725selected answer incorrect $186,300selected answer correct not attempted Uselected answer correct Direct labor 203,500selected answer correct 222,750selected answer correct 210,600selected answer correct not attempted Fselected answer correct Variable overhead 92,500selected answer correct 101,250selected answer correct 111,375selected answer correct not attempted Uselected answer correct Fixed overhead 42,000selected answer correct 42,000selected answer correct 44,500selected answer correct not attempted Uselected answer correct Total budgeted cost $488,150 $529,725 $552,775 not attempted Uselected answer correct
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