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Wade Company expects to produce 6,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5,
Wade Company expects to produce 6,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $8,300 for depreciation and $4,000 for supervision. In the current month, Wade produced 6,500 units and incurred the following costs: direct materials $30,270, direct labour $74,000, variable overhead $127,656, depreciation $8,300, and supervision $4,224. Prepare a static budget report. (List variable costs before fixed costs.)
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