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Multiple Product Performance Report help.....please see attached. 22.30 multiple product performance report Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented
Multiple Product Performance Report help.....please see attached.
22.30 multiple product performance report Storage 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 lumber Assembly kit Direct labor Variable overhead Total 2 board feet X $3= $6 =2 1 hour X $4= 4 1 labor hr X $2= 2 $14 3 board feet X $3= $9 =2 1.25 hours X $4= 5 1.25 labor hrs X $2= 2.50 $18.50 Budgeted fixed manufacturing overhead is $15,000 per month. During July, the company produced 5,000 regular and 3,000 deluxe storage cases while incurring the following manufacturing costs: Direct materials...$80,000 Direct labor....$36,000 Variable overhead...$14,000 Fixed overhead...$17,500 Total......$147,500 Required: Prepare a flexible budget performance report for the July manufacturing activitiesStep by Step Solution
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