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Ivanhoe Company expects to produce 6,600 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct

image text in transcribedimage text in transcribedimage text in transcribed Ivanhoe Company expects to produce 6,600 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $11, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $7,900 for depreciation and $4,000 for supervision. In the current month, Ivanhoe produced 7,100 units and incurred the following costs: direct materials $33,330, direct labour $73,600, variable overhead $138,996, depreciation $7,900, and supervision $4,232. Prepare a static budget report. (List variable costs before fixed costs.) Ivanhoe Company Static Budget Report Differ Favour Unfavo Budget Actual Neither Favourable $ $ $ Were costs controlled

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