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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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|Please find below the answer and please give thumbs up|
|Paticulars||Budget||Actual||Difference||Fav or Unfav|
|No of Units||108,700.00||108,700.00|
|Total Variable Costs||2,282,700.00||2,305,700.00||(23,000.00)||U|
|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|
|No costs were not controlled|