Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2013: Budget at...

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Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2013: Budget at 5.000 Units Units Sales Revenue $200,000 Actual Amounts at 5,800 $229,100 Cost Direct materials $60,000 $71,000 Direct labor 75,000 86,500 Equipment depreciation 5,000 5,000 Indirect labor 7.500 8,600 Indirect materials 9,000 9,600 Rent and insurance 12,000 13,000 Required: Prepare a performance budget report for Campbell Clothing for the year and comment on the results Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2013: Budget at 5.000 Units Units Sales Revenue $200,000 Actual Amounts at 5,800 $229,100 Cost Direct materials $60,000 $71,000 Direct labor 75,000 86,500 Equipment depreciation 5,000 5,000 Indirect labor 7.500 8,600 Indirect materials 9,000 9,600 Rent and insurance 12,000 13,000 Required: Prepare a performance budget report for Campbell Clothing for the year and comment on the results

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Answer To prepare a performance budget report for Campbell Clothing we need to compare the budgeted amounts with the actual amounts and calculate the ... View the full answer