Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blordin Corp. applies overhead on the basis of direct labor hours. For the month of March, the company planned production of 8,000 units (80% of

Blordin Corp. applies overhead on the basis of direct labor hours. For the month of March, the company planned production of 8,000 units (80% of its production capacity of 10,000 units). During March, the company operated at 90% capacity (9,000 units). Their actual and budget cost information follows:image text in transcribed

Description Production in units Budgeted overhead Actual 9,000 Master Differences 8,000 1,000F $10,000 $10,000 0 Indirect materials Indirect labor Power Maintenance Total variable costs 16,000 4,500 3,000 33,500 16,000 0 500U 2,0001,000U 32,000 1,500UU 4,000 Fixed overhead costs Rent of factory building Depreciation-factory Taxes & Insurance Supervisory salaries 12,000 19,200 3,000 14,000 48,200 12,000 20,000 2,400 13,600 48,000 0 800F 600U 400U 200U Total fixed costs Total overhead costs $81,700 $80,000 1,700U Standard direct labor hours were 32,000 ofr the month Required: 1. Prepare the flexible budget performance report

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essays On The Quality Of Audited Financial Statements

Authors: Ulf Mohrmann

1st Edition

3832541853, 978-3832541859

More Books

Students also viewed these Accounting questions

Question

What indexes should you create? Write the required SQL commands.

Answered: 1 week ago