Multiple Product Performance Report

Storage Products manufactures two models of cell phone cases: regular and deluxe. Presented is standard cost information for each model, sold to retailers in packages of

$6$

$$units$.$

Cost Components for a pack

Regular Deluxe

Direct materials

Plastic sheets

$2$

$$board feet

$\backslash$

times $

$3$

$=$

$$$

$6$

$.$

$0$

$0$

$3$

$$board feet

$\backslash$

times $

$3$

$=$

$$$

$9$

$.$

$0$

$0$

Assembly kit

$=$

$2$

$.$

$0$

$0$

$=$

$2$

$.$

$0$

$0$

Direct labor

$1$

$$hour

$\backslash$

times $

$4$

$=$

$4$

$.$

$0$

$0$

$1$

$.$

$2$

$5$

$$hours

$\backslash$

times $

$4$

$=$

$5$

$.$

$0$

$0$

Variable overhead

$1$

$$labor hr

$.$

$\backslash$

times $

$2$

$=$

$2$

$.$

$0$

$0$

$1$

$.$

$2$

$5$

$$labor hrs

$.$

$\backslash$

times $

$2$

$=$

$2$

$.$

$5$

$0$

Total $

$1$

$4$

$.$

$0$

$0$

$$ $

$1$

$8$

$.$

$5$

$0$

$$

Budgeted fixed manufacturing overhead is $

$1$

$8$

$,$

$0$

$0$

$0$

$$per month. During July, the company produced

$8$

$,$

$0$

$0$

$0$

$$regular and

$4$

$,$

$0$

$0$

$0$

$$deluxe packs of cell phone cases while incurring the following manufacturing costs:

Direct materials $

$1$

$1$

$0$

$,$

$0$

$0$

$0$

Direct labor

$5$

$3$

$,$

$0$

$0$

$0$

Variable overhead

$2$

$2$

$,$

$5$

$0$

$0$

Fixed overhead

$2$

$0$

$,$

$5$

$0$

$0$

Total $

$2$

$0$

$6$

$,$

$0$

$0$

$0$

$$

Prepare a flexible budget performance report for the July manufacturing activities.