WO Assume Pierpont Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours: Click the icon to view the standard costs.) During the month of September, Pierpont Computer Company incurred the following costs while manufacturing 1,500 PCC model tablets: (Click the icon to view the actual costs.) Read the requirements. WO Requirement 1. Prepare a flexible budget for September for 1,300, 1,400, and 1,500 PCC model tablets. The tablet has a standard sales price of $600. List variable costs separately. Pierpont Computer Company wor Flexible Budget For the Month Ended September 30 Budget Amounts work per Unit Units 1,300 1,400 goo Sales Revenue Variable Costs: Direct Materials Vork Direct Labor Variable Overhead Total Variable Costs Contribution Margin Vork Fixed Costs Operating Income Assume Pierpont Computer Company has During the month of September, Pierpont created a standard cost card for the PCC Computer Company incurred the following model tablet computer, with overhead costs while manufacturing 1,500 PCC model allocated based on direct labor hours: tablets: Click the icon to view the standard (Click the icon to view the actual costs) costs.) Read the requirements. Requirement 2. Using 1,400 PCC model tablets for the static budget, prepare a flexible budget performance report for September. Total sales revenue for the month was $918,000. The company sold 1,500 tablets. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Review the flexible budgets from Requirement 1. WO Pierpont Computer Company Flexible Budget Performance Report For the Month Ended September 30 1 2 3. 4 5 (1)-(3) (3) (5) wor Budget Flexible Sales Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Jork Sales Revenue Variable Costs: Direct Materials york Direct Labor Variable Overhead Total Variable Costs Contribution Margin vork Fixed Costs Operating Income hork Choose from any list or enter any number in the input fields and then continue to the Assume Pierpont Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours: Click the icon to view the standard costs.) During the month of September, Pierpont Computer Company incurred the following costs while manufacturing 1,500 PCC mo tablets (Click the icon to view the actual cost Read the requirements. Variable Costs Direct Materials Direct Labor Variable Overhead Total Variable Costs Contribution Margin Fixed Costs Operating Income 13 Requirement 3. What insights can the management of Pierpont Computer Company draw from the performance report? in sales volume, from the expected sales of tablets to the actual sales of tablets, resulted The for the month, the amount of the variance in operating income of Also the tablet sold for an average of than expected each Choose from any list or enter any number in the input fields and then continue to the next question ume Pierpont Computer Company has ated a standard cost card for the PCC del tablet computer, with overhead cated based on direct labor hours: (Click the icon to view the standard Els ) During the month of September, Pierpor Computer Company incurred the followi. costs while manufacturing 1,500 PCC tablets: (Click the icon to view the actual con Actual Costs X ance Budget its les Revenue Direct materials $ riable Costs 505,500 Direct Direct labor 168,000 Materials Variable overhead 75,750 Direct Labor Fixed overhead 61,230 Variable Overhead tal Variable Print Done osts ontribution largir Standard Costs ixed peral ncome Direct materials $330 per tablet Direct labor 5 hours per tablet at $22 per hour Variable overhead 5 hours per tablet at $10 per hour Fixed overhead $60,000 per month X Print Done Requir draw from the performance report? tablets to the actual sales tablets in sales volume from the