First four pictures are of the first part of the question A & B, along with the answers to the part A & B. Part C is the part that i need answered
Question 1 of 1 - / 1 MARIGOLD COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,240 $50.240 $1.000 Favorable Direct labor 56,120 52,920 3.200 Favorable Indirect materials 25,620 25.920 300 Unfavorable Indirect labor 21.960 21.560 400 Favorable Utilities 21,350 21,180 170 Favorable Maintenance 7,320 7.760 440 Unfavorable Total variable 183,610 179,580 4,030 Favorable Fixed costs Rent 10,600 10,600 -0. Neither Favorable nor Unfavorable Supervision 18.500 18,500 -0- Neither Favorable nor Unfavorable Depreciation 6.900 6.900 -O- Neither Favorable nor Unfavorable Total fixed 36.000 36.000 -0. Neither Favorable nor Unfavorable Total costs $219,610 $215.580 $4.030 Favorable The monthly budget amounts in the report were based on an expected production of 61,000 units per month or 732,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 59.000 units were produced (a) & (b) (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) The formula is variable costs of per unit (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) MARIGOLD COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Diff Fav Unfa Neither nor Un Budget Actual Costs Question 1 of 1 MARIGOLD COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs -/1 Question 1 of 1 Neither Favorable nor Unfavorable Actual Costs Budget $ 2 2 9 Manufacturing Budget 1. The formula = $36,000+ Variable costs of $3.0; par unit $183,610/61,000 = $3.01 Favourable, Unfavorable, Actual neither costs costs favourable nor Unfavorable Variable costs: Direct $49,560 $50,240 S680 Unfavorable materials Direct labor $54,280 $52,920 $1,360 Favourable Indirect materials Unfavorable $24,780 $25,920 $1,140 Indirect labor $21.240 $21,560 4320 Unfavorable Utilities $20,650 $21,180 $530 Unfavorable Maintanence $7,080 $7,760 $680 Unfavorable Total Variable $177,590 S179,580 S1,990 Unfavorable costs Fixed costs: Neither Rent $10,600 $10,600 SO favourable nor Unfavorable Neither Supervision $18,500 $18,500 SO favourable nor Unfavorable Neither Depreciation $6,900 $6,900 SO favourable nor Unfavorable Neither favourable costs nor Unfavorable Total costs $213.590 S213,590 $1,990 Unfavorable Direct materials =$51,240/61,000 x59,000 =$49,560 Direct labor =$56,120/61,000 59,000 =$54,280 Indirect materials =$25,620/61,000 59,000 =$24,780 Indirect labor =$21,960/61,000 x59,000 =$21,240 Utilities =$21,350/61,000 x59,000 =$20,650 Maintainanace 40 =57,080 Total fixed $36,000 $36,000 SO Question 1 of 1 > 0.48/1 (c) In September, 65,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) MARIGOLD COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2020 Diffe Favo Unfav Neither! nor Unf Budget Actual Costs $ 0.48/1 uestion 1 of 1 Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs $ $ : $
