Problem 25-03A a, bi, c (Video) Waterway Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows WATERWAY COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance $51,200 $50,200 $1,000 Favorable 57,600 54,200 3,400 Favorable 26,880 26,980 100 Unfavorable 19,200 18,740 460 Favorable 16,000 15,830 170 Favorable 11,520 11,780 260 Unfavorable Total variable 182,400 177,730 4,670 Favorable Fixed costs Rent Supervision Depreciation 11,200 11,200 0- Neither Favorable nor Unfavorable 18,30018,300 -0 Neither Favorable nor Unfavorable 7,400 7,4000- Neither Favorable nor Unfavorable 36,900 36,9000 Neither Favorable nor Unfavorable Total fixed CALCULATOR MESSAGE MY I 7,400 7,400 -0 Neither Favorable nor Unfavorable 36,900 36,900 -0- Neither Favorable nor Unfavorable Total fixed Total costs $219,300 $214,630 $4,670 Favorable The monthly budget amounts in the report were based on an expected production of 64,000 units per month or 768,000 units per year. report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for Augu (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) The formula is +variable costs of $ per unit. (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) WATERWAY COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs CALCULATOR MESSAGE MY INSTRUCTOR FULL In September, 68,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) WATERWAY COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs CALCU Click if you would like to Show Work for this question: Open Show Work Question Attempts: UnlimitedSAVE FOR LATE Problem 25-03A a, bi, c (Video) Waterway Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows WATERWAY COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance $51,200 $50,200 $1,000 Favorable 57,600 54,200 3,400 Favorable 26,880 26,980 100 Unfavorable 19,200 18,740 460 Favorable 16,000 15,830 170 Favorable 11,520 11,780 260 Unfavorable Total variable 182,400 177,730 4,670 Favorable Fixed costs Rent Supervision Depreciation 11,200 11,200 0- Neither Favorable nor Unfavorable 18,30018,300 -0 Neither Favorable nor Unfavorable 7,400 7,4000- Neither Favorable nor Unfavorable 36,900 36,9000 Neither Favorable nor Unfavorable Total fixed CALCULATOR MESSAGE MY I 7,400 7,400 -0 Neither Favorable nor Unfavorable 36,900 36,900 -0- Neither Favorable nor Unfavorable Total fixed Total costs $219,300 $214,630 $4,670 Favorable The monthly budget amounts in the report were based on an expected production of 64,000 units per month or 768,000 units per year. report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for Augu (a) State the total monthly budgeted cost formula. (Round cost per unit to 2 decimal places, e.g. 1.25.) The formula is +variable costs of $ per unit. (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) (b) Prepare a budget report for August using flexible budget data. (List variable costs before fixed costs.) WATERWAY COMPANY Assembling Department Flexible Budget Report For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs CALCULATOR MESSAGE MY INSTRUCTOR FULL In September, 68,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) WATERWAY COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs CALCU Click if you would like to Show Work for this question: Open Show Work Question Attempts: UnlimitedSAVE FOR LATE