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Cullumber Company expects to produce 6,500 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $6, direct
Cullumber Company expects to produce 6,500 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $6, direct labour $13, and overhead $17. Monthly budgeted fixed manufacturing overhead costs are $7,800 for depreciation and $3,500 for supervision. In the current month, Cullumber produced 7,000 units and incurred the following costs: direct materials $39,312, direct labour $85,500, variable overhead $129,506, depreciation $7,800, and supervision $3,773. Prepare a static budget report. (Listvariable costs beforefixed costs.)
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