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Crane Company expects to produce 6,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $8, direct
Crane Company expects to produce 6,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $8, direct labour $13, and overhead $19. Monthly budgeted fixed manufacturing overhead costs are $7,700 for depreciation and $3,500 for supervision. In the current month, Crane produced 6,500 units and incurred the following costs: direct materials $48,336, direct labour $79,300, variable overhead $133,950, depreciation $7,700, and supervision $3,759. Prepare a static budget report. (List variable costs before fixed costs.)
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