Cheyenne Company estimates that it will produce 5,280 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $7,040 for depreciation and $3,344 for supervision. 4 In the current month, Cheyenne actually produced 5,780 units and incurred the following costs: direct materials $34,188, direct labor $67,264, variable overhead $102,640, depreciation $7,040, and supervision $3,520. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.)

Cheyenne Company estimates that it will produce 5,280 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materlals $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $7,040 for depreciation and $3,344 for supervision. In the current month, Cheyenne actually produced 5,780 units and incurred the following costs: direct materials $34,188, direct labor $67,264, variable overhepd \$102,640, depreciation $7,040, and supervision $3,520. Prepare a static budget report. Hint: The Budget column is based on estimated proctuction while the Actual column is the actual cost incurred during the period. (List variable costs before foxed costs)