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Question 3 of 5 0.62/2 View Policies Show Attempt History Current Attempt in Progress Marigold Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. MARIGOLD COMPANY Budget Report Assembling Department For the Month Ended August 31, 2022 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,600 $50,600 $1.000 Favorable Direct labor 56.400 53,600 2.800 Favorable Indirect materials 28,800 29.000 200 Unfavorable Indirect labor 22.800 22.380 420 Favorable Utilities 15,000 14,860 140 Favorable Maintenance 8.400 8,740 340 Unfavorable blems Question 3 of 5 0.62/2 Indirect labor 22,800 22,380 420 Favorable Utilities 15,000 14,860 140 Favorable Maintenance 8,400 8,740 340 Unfavorable 183.000 179 180 Total variable Fixed costs 3,820 Favorable Rent Supervision Depreciation 12,200 12,200 -0- Neither Favorable nor Unfavorable 16.900 16,900 -0- Neither Favorable nor Unfavorable 7.700 7.700 -0. Neither Favorable nor Unfavorable 36.800 36,800 -0- Neither Favorable nor Unfavorable $219,800 $215,980 $3,820 Favorable Total fixed Total costs The monthly budget amounts in the report were based on an expected production of 60,000 units per month or 720,000 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 58,000 units were produced (a) & (b) Your answer is partially correct Question 3 of 5 0.62/2 Your answer is partially correct. (a) State the total monthly budgeted cost equation (Round cost per unit to 2 decimal places, eg, 1.25.) The equation is fixed costs $ 36900 + variable costs of $ 3.05 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, 2022 Di Fi Un Neith Budget Actual Costs nort Variable Costs 0.62/2 estion 3 of 5 F Un Neithe Budget Actual Costs nor U Variable Costs Direct Materials $ 51.600 $ $ 1,000 Direct Labor 56,400 53,600 2,800 Indirect Materials 28,800 29,000 200 Indirect Labor 22,800 22,380 420 Utilities 15.000 14,860 140 Maintenance 8.400 6240 340 Total Variable Costs 183.000 179,180 3,820 Fixed Costs Rent 12.200 12.200 0 MacBook Pro NO son 3 of 0.62/2 300 5 7 8 Y P D F G H J L c V N M > ? 30 Comand option Question 3 of 5 0.62/2 View Policies Show Attempt History Current Attempt in Progress Marigold Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. MARIGOLD COMPANY Budget Report Assembling Department For the Month Ended August 31, 2022 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,600 $50,600 $1.000 Favorable Direct labor 56.400 53,600 2.800 Favorable Indirect materials 28,800 29.000 200 Unfavorable Indirect labor 22.800 22.380 420 Favorable Utilities 15,000 14,860 140 Favorable Maintenance 8.400 8,740 340 Unfavorable blems Question 3 of 5 0.62/2 Indirect labor 22,800 22,380 420 Favorable Utilities 15,000 14,860 140 Favorable Maintenance 8,400 8,740 340 Unfavorable 183.000 179 180 Total variable Fixed costs 3,820 Favorable Rent Supervision Depreciation 12,200 12,200 -0- Neither Favorable nor Unfavorable 16.900 16,900 -0- Neither Favorable nor Unfavorable 7.700 7.700 -0. Neither Favorable nor Unfavorable 36.800 36,800 -0- Neither Favorable nor Unfavorable $219,800 $215,980 $3,820 Favorable Total fixed Total costs The monthly budget amounts in the report were based on an expected production of 60,000 units per month or 720,000 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 58,000 units were produced (a) & (b) Your answer is partially correct Question 3 of 5 0.62/2 Your answer is partially correct. (a) State the total monthly budgeted cost equation (Round cost per unit to 2 decimal places, eg, 1.25.) The equation is fixed costs $ 36900 + variable costs of $ 3.05 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, 2022 Di Fi Un Neith Budget Actual Costs nort Variable Costs 0.62/2 estion 3 of 5 F Un Neithe Budget Actual Costs nor U Variable Costs Direct Materials $ 51.600 $ $ 1,000 Direct Labor 56,400 53,600 2,800 Indirect Materials 28,800 29,000 200 Indirect Labor 22,800 22,380 420 Utilities 15.000 14,860 140 Maintenance 8.400 6240 340 Total Variable Costs 183.000 179,180 3,820 Fixed Costs Rent 12.200 12.200 0 MacBook Pro NO son 3 of 0.62/2 300 5 7 8 Y P D F G H J L c V N M > ? 30 Comand option