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Wilson Woolen Mills (WWM) has just completed its second quarter of operations, and has prepared a report with the second quarter budget amounts and actual
Wilson Woolen Mills (WWM) has just completed its second quarter of operations, and has prepared a report with the second quarter budget amounts and actual results. Variable Costs Budget Actual Direct materials ($9) $108,000 $109,250 Direct labour ($23) $276,000 $285,360 Overhead ($31) $372,000 $370,800 Total Variable Costs $756,000 $765,410 Fixed Costs: Depreciation $19,000 $19,000 Supervision $15,000 $17,500 Total Fixed Costs $34,000 $36,500 Total Costs $790,000 $801,910 Based on this information, if WWM were to prepare its third quarter static budget based on a volume of 15,000 units, which it has capacity for, what would be the total variable costs and total fixed costs, respectively
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