gundt company

NE Brief Exercise 23-05 Gundy Company expects to produce 1,243,200 units of Product XX in 2020. Monthly production is expected to range from 79,000 to 121,000 units. Budgeted variable manufacturing costs per unit are direct matertals $4, direct labor $7, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $3. In March 2020, the company incurs the following costs in producing 100,000 units direct materials $425,000, direct labor $695,000, and variable overhead $1,005,000 Actual floed costs were equal to budgeted fixed costs Prepare a flexible budget report for March. (List variable costs before fixed costs) Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual 2 . . Were costs controlled