Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information
Question:
Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model:
Budgeted fixed manufacturing overhead is $15,000 per month. During July, the company produced 5,000 regular and 3,000 deluxe storage cases while incurring the following manufacturing costs:
Direct materials .............................$ 80,000
Direct labor ..................................36,000
Variable overhead ...........................14,000
Fixed overhead ..............................17,500
Total ........................................... $147,500
Required:
Prepare a flexible budget performance report for the July manufacturing activities.
Variable Costs | |
Direct materials | |
Regular | need answer |
Deluxe | need answer |
Total | need answer |
Assembly Kits | |
Regular | need answer |
Deluxe | need answer |
Total | need answer |
Direct Labor | |
Regular | need answer |
Deluxe | need answer |
Total | need answer |
Variable Overhead | |
Regular | need answer |
Deluxe | need answer |
Total | need answer |
Fixed Overhead, both Regular & Deluxe | need answer for each cost |
Totals, both Regular & Deluxe | need answer for each cost |
Step by Step Answer:
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt