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Morton recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Morton allocates overhead based on yards of direct materials. the companys
Morton recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Morton allocates overhead based on yards of direct materials. the companys performance report includes the following selected data. c) leather recliners and uses flexible budgeting and a standard cost system. Morton allocates overhead based on yards of direct materials. The elect i Data Table ble b r Static Budget Actual Results (1,000 recliners) (980 reclners) e Bu Sales (1,000 recliners x $ 505 each) 505,000 980 recliners x $ 480 each) 470,400 Variable Manufacturing Costs Direct Materials (6,000 yds. $ 8.60/yd.) (6,143 yds. $ 8.40 /yd.) (10,000 DLHr@$ 9.20 /DLHr) (9,600 DLHr@$ 9.30/DLHr) (6,000 yds. 5.20 /yd.) (6,143 yds. $ 6.60 /yd.) 51,600 51,601 Direct Labor 92,000 89,280 Variable Overhead 31,200 40,544 Fixed Manufacturing Costs 60,600 62,600 244,025 226,375 Fixed Overhead fields Total Cost of Goods Sold 269,600 S Gross Profit search
Morton recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Morton allocates overhead based on yards of direct materials. the companys performance report includes the following selected data.
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