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Multiple Product Performance Report Case Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model: Cost
Multiple Product Performance Report Case Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model:
Cost Components | Regular | Deluxe | ||
---|---|---|---|---|
Direct materials | ||||
Acrylic sheets | 3 sheets x $12 = | $36.00 | 5 sheets x $12 = | $60.00 |
Assembly kit | = | 5.00 | = | 5.00 |
Direct labor | 0.5 hour x $20 = | 10.00 | 0.75 hours x $20 = | 15.00 |
Variable overhead | 0.5 labor hr. x $5 = | 2.50 | 0.75 labor hrs. x $5 = | 3.75 |
Total | $ 53.50 | $83.75 |
Budgeted fixed manufacturing overhead is $46,000 per month. During July, the company produced 8,000 regular and 3,500 deluxe storage cases while incurring the following manufacturing costs:
Direct materials | $561,300 |
Direct labor | 130,800 |
Variable overhead | 34,625 |
Fixed overhead | 48,150 |
Total | $774,875 |
Prepare a flexible budget performance report for the July manufacturing activities.
CASE PRODUCTS | ||||||
---|---|---|---|---|---|---|
Manufacturing Activities Performance Report | ||||||
For the Month of July | ||||||
Actual | Flexible Budget | Flexible Budget Variance | ||||
Volume | ||||||
Regular | Answer | Answer | ||||
Deluxe | Answer | Answer | ||||
Variable Costs | ||||||
Direct materials | ||||||
Acrylic sheets | ||||||
Regular | Answer | |||||
Deluxe | Answer | |||||
Assembly kits | ||||||
Regular | Answer | |||||
Deluxe | Answer | |||||
Total
| Answer | Answer | Answer | AnswerFU | ||
Direct labor | ||||||
Regular | Answer | |||||
Deluxe | Answer | |||||
Total | Answer | Answer | Answer | AnswerFU | ||
Variable overhead | ||||||
Regular | Answer | |||||
Deluxe | Answer | |||||
Total | Answer | Answer | Answer | AnswerFU | ||
Fixed overhead | Answer | Answer | Answer | AnswerFU | ||
Total | Answer | Answer | Answer | AnswerFU |
Please answer all parts of the question.
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