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The following budgeted and actual volume and cost data are for January of this year: Budget Actual Volume 20,000 18,000 Budgeted manufacturing costs: Variable costs
The following budgeted and actual volume and cost data are for January of this year: Budget Actual Volume 20,000 18,000 Budgeted manufacturing costs: Variable costs per unit: Direct materials $40.00 Direct labor 12.00 Overhead 2.25 Total fixed overhead costs $150,000 Actual manufacturing costs: Direct materials $1,320,000 Direct labor 396,000 Variable overhead 82,000 Fixed overhead 175,000 a. Prepare a static budget analysis of production costs for January of this year. b. Prepare a flexible budget analysis of production costs for January of this year
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