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Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2016: Cost Budget at 5,000 Units Actual Amounts at 5,800 Units Direct
Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2016:
Cost | Budget at 5,000 Units | Actual Amounts at 5,800 Units | |||||||
Direct materials | $60,000 | $71,000 | |||||||
Direct labor | 75,000 | 86,500 | |||||||
Equipment depreciation | 5,000 | 5,000 | |||||||
Indirect labor | 7,500 | 8,600 | |||||||
Indirect materials | 9,000 | 9,600 | |||||||
Rent and insurance | 12,000 | 13,000 |
Prepare a performance budget report for Campbell Clothing for the year.
please include all answers and calculations. thank you
CAMPBELL CLOTHING Manufacturing Performance Budget Report For the Year Ended December 31, 2016 Differences Favorable (F) Unfavorable (U) Not Applicable (NA) Budget Actual Direct Materials Direct Labor Equipment Depreciation Indirect Labor Indirect Materials Rent and Insurance Total CostsStep by Step Solution
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