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Pronghorn Company estimates that it will produce 6,240 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct
Pronghorn Company estimates that it will produce 6,240 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $8,320 for depreciation and $3,952 for supervision. In the current month, Pronghorn actually produced 6,740 units and incurred the following costs: direct materials $40,404, direct labor $79,488, variable overhead $121,296, depreciation $8,320, and supervision $4,160. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.) Budget Pronghorn Company Static Budget Report Actual Diffe Fav Unfa Neither nor Unf
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