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PLEASE FILL IN ACTUAL BLANKS OR MAKE VERY CLEAR. TY!
Brief Exercise 24-5 Gundy Company expects to produce 1,248,000 units of Product XX in 2017. Monthly production is expected to range from 87,300 to 130,100 units. Budgeted variable manufacturing costs per unit are: direct materials 4, direct labor $6, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $1 In March 2017, the company incurs the following costs in producing 108,700 units: direct materials $458,800, direct labor $643,200, and variable overhead $1,203,700. Actual fixed costs were equal to budgeted fixed costs Prepare a flexible budget report for March. (List variable costs before fixed costs.)
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| Statementshowing Computations | ||||
| Paticulars | Budget | Actual | Difference | Fav or Unfav |
| No of Units | 108,700.00 | 108,700.00 | ||
| Variable Costs: | ||||
| Direct Materials | 434,800.00 | 458,800.00 | (24,000.00) | U |
| Direct Labour | 652,200.00 | 643,200.00 | 9,000.00 | F |
| Variabe Overhead | 1,195,700.00 | 1,203,700.00 | (8,000.00) | U |
| Total Variable Costs | 2,282,700.00 | 2,305,700.00 | (23,000.00) | U |
| Fixed Costs: | ||||
| Depreciation | 652,200.00 | 652,200.00 | – | Neither F nor U |
| Supervision | 108,700.00 | 108,700.00 | – | Neither F nor U |
| Total Fixed Costs | 760,900.00 | 760,900.00 | – | Neither F nor U |
| Total Costs | 3,043,600.00 | 3,066,600.00 | (23,000.00) | U |
| No costs were not controlled |
