Phoen Companys 2018 master budget included the following free budget reported on an expected production and sales volume of 17000 units PHOENIX COPY Het port Touarded costo Direct 53.15, Diret 255.0 y entrs (artete corty 16, Druction Plantem alt) 115,00 mili wa) 11. Montwries 1,00 1,0 1. 1, Sh Sales salary 2 wereld te wees Mersin 34, Series 245.000 framt Infos pratim $69. 16. Phoenix Compensato income Matement for 2010 follows PHOENIX.COM Sant of the from Operations For you to Do M. 2015 Sales 20.000 unit 14 Cost of Dit was 31.11.04 Dirth 500.00 Prime (variablet) . rectant (traight) 3. RELIAS i SS 1147,50) Want went salaria 1. One Selling PS 113, 133, Salary() wa watete 14, WE Sala 31, Monte Required 1. Prepare a budget performance report for 2015 (indicate the effect of the variancely selecting for favor and Ne variances PHOENIX COMPANY Fehlegel Performanceport For at de er 21,2018 udget Area 2 Required information The fignations to meet your Company set the food colors of its product w 153 Odrett ...) Or (16) Dr. Total scott 10.30 . The prevede decisions on and one of the factory's capacity of 20.000 per month Fogare the company budgeted overhead costs per mormare cocity First rett utelats Trect labor $16. 13.00 15, e. RE Tunaware o Tietoverhet Depenting Daphy Tad turu Total Fit 14. 72. . 155,00 The company in the towing costs when opered of capacity in 7. Directia 5:38 peri) Director (22,000 tes...) Dvorac Endirect teras Tretirect 1 Pet peste Deprecate Depreciation Tante Sur Total 141.7 1. 14. 4. 97,200 14, . . Required: 182. Prepare flexible overhead budgets for Octobe showing me amount of each variable and fed cost at the 675 and capacity is one on the feed budget a word INTLIAN COMPANY Foluntaiyile Forded October re Van ADO Road itd C Salon $ 0:00 Fotos 0 Total Antuan Company set the following standard costs for one unit of its product Direct materials (4.0 I. $5.00 per tb.) Direct labor (1.6 h 512.00 per hr.) Overhead (1.5 hrs. $13.50 per hr.) Total standard cost 120.00 19.20 29.60 568. The predetermined overhead rate ($18.50 per direct labor hour is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level Overhead Budget 75% Capacity) Variable overhead costs Indirect materials $15.000 Indirect labor 75,000 Power 15.000 Repairs and maintenance 30.ee Total variable overhead costs 51.15,000 Fived overhead costs Depreciation-building 24,000 Depreciation-achinery 72,000 Taxes and insurance 18,000 Supervision 195.000 Total fixed overhead costs 30,000 Total overhead costs $444,000 The company incurred the following actual costs when it operated at 75% of capacity in October $313.650 270.600 Direct materials (61.500 I. $.10 per 10.) Direct labor (22,000 hrs. 512.50 per hr.) Overhead coats Indirect materials Indirect labor Power Hepairs and maintenance Depreciation-building Depreciation-achinery Taxes and insurance Supervision Total costs $41.750 176,75 17,250 34,500 24.06 92,200 16,200 195.000 602,650 $1.186.900 3. Compute the direct materials cost variance, including its price and quantity variances, (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance) Actual Cast Phoen Companys 2018 master budget included the following free budget reported on an expected production and sales volume of 17000 units PHOENIX COPY Het port Touarded costo Direct 53.15, Diret 255.0 y entrs (artete corty 16, Druction Plantem alt) 115,00 mili wa) 11. Montwries 1,00 1,0 1. 1, Sh Sales salary 2 wereld te wees Mersin 34, Series 245.000 framt Infos pratim $69. 16. Phoenix Compensato income Matement for 2010 follows PHOENIX.COM Sant of the from Operations For you to Do M. 2015 Sales 20.000 unit 14 Cost of Dit was 31.11.04 Dirth 500.00 Prime (variablet) . rectant (traight) 3. RELIAS i SS 1147,50) Want went salaria 1. One Selling PS 113, 133, Salary() wa watete 14, WE Sala 31, Monte Required 1. Prepare a budget performance report for 2015 (indicate the effect of the variancely selecting for favor and Ne variances PHOENIX COMPANY Fehlegel Performanceport For at de er 21,2018 udget Area 2 Required information The fignations to meet your Company set the food colors of its product w 153 Odrett ...) Or (16) Dr. Total scott 10.30 . The prevede decisions on and one of the factory's capacity of 20.000 per month Fogare the company budgeted overhead costs per mormare cocity First rett utelats Trect labor $16. 13.00 15, e. RE Tunaware o Tietoverhet Depenting Daphy Tad turu Total Fit 14. 72. . 155,00 The company in the towing costs when opered of capacity in 7. Directia 5:38 peri) Director (22,000 tes...) Dvorac Endirect teras Tretirect 1 Pet peste Deprecate Depreciation Tante Sur Total 141.7 1. 14. 4. 97,200 14, . . Required: 182. Prepare flexible overhead budgets for Octobe showing me amount of each variable and fed cost at the 675 and capacity is one on the feed budget a word INTLIAN COMPANY Foluntaiyile Forded October re Van ADO Road itd C Salon $ 0:00 Fotos 0 Total Antuan Company set the following standard costs for one unit of its product Direct materials (4.0 I. $5.00 per tb.) Direct labor (1.6 h 512.00 per hr.) Overhead (1.5 hrs. $13.50 per hr.) Total standard cost 120.00 19.20 29.60 568. The predetermined overhead rate ($18.50 per direct labor hour is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level Overhead Budget 75% Capacity) Variable overhead costs Indirect materials $15.000 Indirect labor 75,000 Power 15.000 Repairs and maintenance 30.ee Total variable overhead costs 51.15,000 Fived overhead costs Depreciation-building 24,000 Depreciation-achinery 72,000 Taxes and insurance 18,000 Supervision 195.000 Total fixed overhead costs 30,000 Total overhead costs $444,000 The company incurred the following actual costs when it operated at 75% of capacity in October $313.650 270.600 Direct materials (61.500 I. $.10 per 10.) Direct labor (22,000 hrs. 512.50 per hr.) Overhead coats Indirect materials Indirect labor Power Hepairs and maintenance Depreciation-building Depreciation-achinery Taxes and insurance Supervision Total costs $41.750 176,75 17,250 34,500 24.06 92,200 16,200 195.000 602,650 $1.186.900 3. Compute the direct materials cost variance, including its price and quantity variances, (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance) Actual Cast