Acme Company's production budget for August is 18,200 units and includes the following component unit costs:...

Transcribed Image Text:

Acme Company's production budget for August is 18,200 units and includes the following component unit costs: direct materials, $8.00; direct labor, $10.70; variable overhead, $6.70. Budgeted fixed overhead is $39,000. Actual production in August was 19,440 units. Actual unit component costs incurred during August include direct materials, $8.90; direct labor, $9.70; variable overhead, $7.50. Actual fixed overhead was $41,200. Required: Prepare a performance report, including each cost component. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Cost Component Direct materials Direct labor Variable overhead Fixed overhead Total budgeted cost Original Budget (18,200 units) $ Flexed Budget (19,440 units) 0 $ Actual Cost (19,440 units) 75,168 $ 0 Budget Variance Acme Company's production budget for August is 18,200 units and includes the following component unit costs: direct materials, $8.00; direct labor, $10.70; variable overhead, $6.70. Budgeted fixed overhead is $39,000. Actual production in August was 19,440 units. Actual unit component costs incurred during August include direct materials, $8.90; direct labor, $9.70; variable overhead, $7.50. Actual fixed overhead was $41,200. Required: Prepare a performance report, including each cost component. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Cost Component Direct materials Direct labor Variable overhead Fixed overhead Total budgeted cost Original Budget (18,200 units) $ Flexed Budget (19,440 units) 0 $ Actual Cost (19,440 units) 75,168 $ 0 Budget Variance

Answer rating: 100% (QA)

Acme Company Production Cost Performance Report August Cost Component Original Budget 18200 units Fl... View the full answer