H 1 v 7) - Document5 - Word cristine ostrich CO X AutoSave . Off Share Comments File Home Insert Design Layout References Mailings Review View Help Search 11 ~ A" A Aa Ap AaBbCcDd AaBbCcDd AaBbCc AaBbCcD Aa B AaBbCCD AaBbCcDd Find & Cut Calibri (Body) Replace Dictate Paste [A Copy BIU ab X X A LA 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... Select v Format Painter Voice Clipboard Font Paragraph Styles Editing 1. Prepare a flexible budget performance report for Production that compares actual and allowed costs. Production Department Flexible Budget Performance Report For Month of October Flexible Flexible Budget Budget Designation Actual costs Cost Variances U or F Units Direct Materials Direct Labor Variable Manufacturing overhead Fixed Manufacturing Total 2. Prepare a flexible budget performance report for selling and distribution that compares actual and allowed costs. Selling and Distribution Cost Center Flexible Budget Performance Report For Month of October Flexible Flexible Budget Budget Designation Actual costs Cost Variances U or F Units Selling and Distribution: Variable Fixed Total + 100% Page 1 of 1 0 words CO " Focus 7:24 PM W 11/16/2020Documen Word Crafts Inc, is a manufacturer of furniture The company has 2 responsibility centers: Production and Selling and Contribution Margin 108,730 Distribution. Production and administration are cost centers while Selling and Distribution is a prot Less Fixed Costs: center. Presented below are the budgeted and actual contribution income statement for October along with applicable unit Manufacturing overhead 40,000 information. Selling and Distribution 30,000 (70,000) Budgeted unit information: Units 830 Sale price Net Income 38,730 per unit $240 Direct material per Craft Inc. \"Hit $45 Actual Contribution Inoome Direct labor Statement Per \"it $18 For Month of October Variable manufacturin 3 g overhead Sales 230,000 per unit $16 Less Variable costs Variable Variable cost of goods sold: selling and :5 distribution Direct materials 40,000 per unit $30 Direct labor 15,000 $ Actual Units: 822 Manufacturing overhead 13,500 63,500 Craft Inc. Budgeted Contribution Income Statement Selling and distribution 39,000 (107,500) For Month of October Contribution Margin 122,500 $ Sales 199,200 Less Fixed Costs: Less Variable costs Variable cost of goods sold: Manufacturing overhead 39,000 $ Direct materials 37,350 Selling and Distribution 31,000 (70.000) Direct labor 14,940 3 Net |ncome(Loss) 52,500 Manufacturing overhead 13,280 65,570 Selling and distribution 24,900 (90,470) End a, docmem l Screens 1-2 of2 (In: Focus i E 47 + 140% ._. . - 7:23 PM I 9' H a A b \"X g 5 11/16/2020 %