Your answer is partially correct. Culver Company expects to produce 1,392,000 units of Product XX in 2022. Monthly production is expected to range from 92,800 to 139,200 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 116,000 units: direct materials $603,200, direct labor $691,360, and variable overhead $933,800. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) Jnits Produced Variable Costs Direct Materials >irect Labor Overhead + Budget 19.21 CULVER COMPANY Manufacturing Flexible Budget Report March 31, 2022 Actual 19.21 Differe Favora Unfavor Neither Fa nor Unfav 603,200 $ 603,200 $ Favor 691,360 933,800 691,360 933,800 otal Variable Costs 2,228,360 $2,228,360 ixed Costs Depreciation Supervision $232,000 $232,000 $116,000 $116,000 Total Fixed Costs $348,000 $348,000 otal Costs Were costs controlled? No eTextbook and Media Save for Later Last saved 3 days ago. 2,576,360 $2,576,360 $ Favor Favor Favor Neith Neith 0 Neith Unfav Attempts: 1 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Cheyenne Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials $1.00 0.70 Utilities 0.40 Budgeted fixed overhead costs per month are Supervision $3,520, Depreciation $1,056, and property Taxes $704. The company believes it will normally operate in a range of 6,160-8,800 direct labor hours per month. Assume that in July 2022, Cheyenne Company incurs the following manufacturing overhead costs. Variable Costs Fixed Costs Indirect labor $7,744 Supervision $3,520 Indirect materials 5,104 Depreciation 1,056 Utilities 2,816 Property taxes 704 (a) Prepare a flexible budget performance report, assuming that the company worked 7,920 direct labor hours during the month. (List variable costs before fixed costs.) Direct Labor Hours Variable Costs Indirect Labor Budget CHEYENNE COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31, 2022 7,920 Actual Costs 7,920 $7,480 $7,744 $ $176 Indirect Materials $5,236 $5,104 Utilities 2,992 $2816 $440 $352 Total Variable Costs 15,708 $15,664 $968 Fixed Costs Depreciation Supervision Property Taxes Total Fixed Costs Total Costs 3,520 3,520 0 1,056 1,056 0 $704 $704 $5,280 $5,280 0 0 $ $21,912 $ $20,944 $ $968 U Neit nor (b) Prepare a flexible budget performance report, assuming that the company worked 7,480 direct labor hours during the month. (List variable costs before fixed costs.) or Hours osts Budget 7,480 CHEYENNE COMPANY Manufacturing Overhead Flexible Budget Report For the Year Ended July 31, 2022 Actual Costs 7.480 Difference Favorable Unfavorable Neither Favora nor Unfavorab abor $ 7.480 $7,744 $ -$264 Unfavoral Materials $5.236 $5,104 $2,992 $2816 $132 Favorable $176 Favorable able Costs $15,708 $15.664 $44 Favorable :ion $3,520 $3,520 i Neither F n Taxes d Costs $1,056 $1,056 i Neither F $704 $704 $5.280 $5.280 Neither F Neither F $ $20.988 $ $20,944 $ 44 Favorable eTextbook and Media The actual selling expenses incurred in March 2022 by Blue Spruce Company are as follows. Variable Expenses Fixed Expenses Sales commissions $9,020 Sales salaries $28,700 Advertising 5,658 Depreciation 5,740 Travel 4,182 Insurance 820 Delivery 2,829 Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $28,700, Depreciation on delivery equipment $5,740, and insurance on delivery equipment $820. (a) Prepare a flexible budget performance report for March, assuming that March sales were $139,400. (List variable costs before fixed costs.) $ $ Budget BLUE SPRUCE COMPANY Selling Expense Flexible Budget Report $ Actual $ $ $ $ Difference Favorable Unfavorable Neither Favorable nor Unfavorable (b) Prepare a flexible budget performance report, assuming that March sales were $147,600. (List variable costs before fixed costs.) (b) Prepare a flexible budget performance report, assuming that March sales were $147,600. (List variable costs before fixed costs.) > > $ $ Budget eTextbook and Media Save for Later BLUE SPRUCE COMPANY Selling Expense Flexible Budget Report $ Actual $ $ $ $ Difference Favorable Unfavorable Neither Favorable nor Unfavorable Attempts: 0 of 3 used Submit Answer