Question
Riverbed Company expects to produce 1,272,000 units of Product XX in 2022. Monthly production is expected to range from 84,800 to 127,200 units. Budgeted variable
Riverbed Company expects to produce 1,272,000 units of Product XX in 2022. Monthly production is expected to range from 84,800 to 127,200 units. Budgeted variable manufacturing costs per unit are direct materials $ 5, direct labor $ 6, and overhead $ 8. Budgeted fixed manufacturing costs per unit for depreciation are $ 2 and for supervision are $ 1. In March 2022, the company incurs the following costs in producing 106,000 units: direct materials $ 551,200, direct labor $ 631,760, and variable overhead $ 853,300. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.)
RIVERBED COMPANY Manufacturing Flexible Budget Report choose the accounting period March 31, 2022For the Month Ended March 31, 2022For the Year Ended March 31, 2022 | ||||||
---|---|---|---|---|---|---|
Difference | ||||||
Budget | Actual | Favorable Unfavorable Neither Favorable nor Unfavorable | ||||
select an opening report item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | enter a number of units | enter a number of units | ||||
select an opening name for section one DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | ||||||
select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | select an option Neither Favorable nor UnfavorableUnfavorableFavorable | ||
select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an option UnfavorableFavorableNeither Favorable nor Unfavorable | ||
select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an option FavorableUnfavorableNeither Favorable nor Unfavorable | ||
select a closing name for section one DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | enter a total amount for section one | enter a total amount for section one | enter a dollar amount | select an option UnfavorableNeither Favorable nor UnfavorableFavorable | ||
select an opening name for section two DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | ||||||
select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an option UnfavorableNeither Favorable nor UnfavorableFavorable | ||
select a flexible budget item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | enter a dollar amount | enter a dollar amount | enter a dollar amount | select an option FavorableUnfavorableNeither Favorable nor Unfavorable | ||
select a closing name for section two DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | enter a total amount for section two | enter a total amount for section two | enter a dollar amount | select an option UnfavorableFavorableNeither Favorable nor Unfavorable | ||
select a closing report item DepreciationDirect LaborDirect MaterialsFixed CostsOverheadSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsVariable CostsUnits Produced | $ enter a total amount for this report | $ enter a total amount for this report | $ enter a total amount for this report | select an option UnfavorableNeither Favorable nor UnfavorableFavorable |
Were costs controlled? select an option YesNo
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