Scafidi Company provided the following information for last year.

Master Budget		Actual Data
Budgeted production 4,400		4,200	units
Direct materials:
	1 kilograms @ 0.5 per kilogram	$6,800
Direct labour:
	0.4 hr. @ $16.00 per hour	30,500
VOH:
	0.4 hr. @ $2.70	4,200
FOH:
	Materials handling, $6,900	6,300
	Depreciation, $2,100	2,100

Required:

Question Content Area

1. Calculate the budgeted amounts for each cost category listed above for the 4,400 budgeted units, then give the total below.

Direct materials	$______
Direct labour	$______
Fixed overhead:
Materials handling	$______
Depreciation	$______
Total	$______

2. Prepare a performance report using a budget based on expected production. In the variance type column, type "F" for favourable and "U" for unfavourable. If the variance is zero, enter ("0") in the variance amount column and "N" for neither in the variance type column. (Note: Be sure to use capital letters.)

Units produced Direct materials Direct labour Variable overhead Fixed overhead: Materials handling Depreciation Total Scafidi Company Performance Report Actual Budgeted Variance Variance Type (F, U, N) 100 +44 888