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Gundy Company expects to produce 1,220,400 units of Product XX in 2020. Monthly production is expected to range from 73,000 to 115,000 units. Budgeted variable

Gundy Company expects to produce 1,220,400 units of Product XX in 2020. Monthly production is expected to range from 73,000 to 115,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $7, and overhead $9. 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 94,000 units: direct materials $400,000, direct labor $652,000, and variable overhead $850,000. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.)

GUNDY COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2020

Difference

Budget

Actual

Favorable Unfavorable Neither Favorable nor Unfavorable

Select an opening flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Enter a number

Enter a number

Select an opening name for section one DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

$Enter a dollar amount

$Enter a dollar amount

$Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Enter a dollar amount

Enter a dollar amount

Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Enter a dollar amount

Enter a dollar amount

Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Select a closing name for section one DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

$Enter a total amount for section one

$Enter a total amount for section one

$Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Select an opening name for section two DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Enter a dollar amount

Enter a dollar amount

Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Enter a dollar amount

Enter a dollar amount

Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Select a closing name for section two DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

Enter a total amount for section two

Enter a total amount for section two

Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Select a closing flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced

$Enter a total dollar amount

$Enter a total dollar amount

$Enter the difference

Select an option FavorableUnfavorableNeither Favorable nor Unfavorable

Were costs controlled? Select an option YesNo

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