Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Flounder Compary expects to produce 1,090,000 units of Product XX in 2022 . Monthly production is expected to range from 72,000 to 108,000 units. Budgeted

image text in transcribed
image text in transcribed
Flounder Compary expects to produce 1,090,000 units of Product XX in 2022 . Monthly production is expected to range from 72,000 to 108,000 units. Budgeted variable manutacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted foed munufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the foliowing costs in producing 90,000 units drect materials $468,000, direct labor $536,400, and variable overhead $724,500. Actual fixed costs were equal to budgeted froed costs. Prepare a flexible bud bet report for March (List variable costs before fued costs) Uoits Produced Actual nor Unfavorable Variable Costs Direct Materials $ 90000 Direct Labor Overtiead Total Yariabie Costs Fixed Costs Depreciation Superviaion Total Fied Cons Total Costs Flounder Compary expects to produce 1,090,000 units of Product XX in 2022 . Monthly production is expected to range from 72,000 to 108,000 units. Budgeted variable manutacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted foed munufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the foliowing costs in producing 90,000 units drect materials $468,000, direct labor $536,400, and variable overhead $724,500. Actual fixed costs were equal to budgeted froed costs. Prepare a flexible bud bet report for March (List variable costs before fued costs) Uoits Produced Actual nor Unfavorable Variable Costs Direct Materials $ 90000 Direct Labor Overtiead Total Yariabie Costs Fixed Costs Depreciation Superviaion Total Fied Cons Total Costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions