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Evaluating a cost center (including flexible budgeting concepts) Paul Hammond, president of Hammond Door Products Company is evaluating the performance of Jason Burke, the plant

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Evaluating a cost center (including flexible budgeting concepts) Paul Hammond, president of Hammond Door Products Company is evaluating the performance of Jason Burke, the plant manager, for the last fiscal year. Mr. Hammond is concerned that production costs exceeded budget by $50,000. He has available the 2018 static budget for the production plant, as well as the actual results, both of which follow Static Budget Actual Results Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost 8,000 Doors $ 500,000 150,000 200.000 850,000 400.000 $1,250,000 8,400 Doors $ 522,500 159,250 212,000 893,750 406.250 $1,300,000 Required a. Convert the static budget into a flexible budget. b. Use the flexible budget to evaluate Mr. Burke's performance. c. Explain why Mr. Burke's performance evaluation doesn't include sales revenue and net income

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