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Ivanhoe Company expects to produce 1,320,000 units of product XX in 2022. Monthly production is expected to range from 83,100 to 122,700 units. Budgeted
Ivanhoe Company expects to produce 1,320,000 units of product XX in 2022. Monthly production is expected to range from 83,100 to 122,700 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $6, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $3. In March 2022, the company incurs the following costs in producing 102,900 units: direct materials $438,600, direct labour $614,400, and variable overhead $1,036,000. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.) IVANHOE COMPANY Manufacturing Flexible Budget Report Differer Favoura Unfavour Neither Fav Budget Actual nor Unfavo
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