The following data get out from Samsung industrial company: Direct
materials costs                                       JD 75                          
Direct manufacturing labor costs                        20                    
Variable manufacturing overhead costs             15
Fixed overhead costs                                              28

Each TV need to 0.75 hour, and each hour by JD 31.5. The number of units manufactured is the cost driver for direct materials, direct manufacturing labor, and variable manufacturing overhead. The relevant range for the cost driver is from 0 to 6,000 TV. Budgeted and actual data for November 2019 are:
Budgeted fixed costs for production                                             JD 141, 750
Budgeted selling price                                                                      JD 138 per unit
Actual selling price                                                                                 152.75 per unit
Revenue at budgeted selling price.                                                      150 per unit
Budgeted production and sales                                                           6,000 units
Actual production and sales                                                                 5,500 units


Flexible - budget variable costs
     Direct materials JD 75 per unit * 5500 unit                      JD 412500
     Direct manufacturing labor, JD 20 per unit * 5500         JD 110000
     Variable manufacturing (OH), JD 15 per unit * 5500      JD 82500


If you know the direct materials price variance JD 24420 (F), direct materials efficiency variance JD 36300 (U), direct manufacturing (OH) spending variance JD 2475 (F), variable manufacturing (OH) efficiency variance JD 8250 (U), direct manufacturing labor price variance JD 9900 (U), direct manufacturing labor efficiency variance JD 11000 (U), fixed (OH) spending variance JD 4950 (U), operating income volume variance JD 9900 (U), and fixed (OH) production volume variance 11290 (U), Flexible -budget variance for operating income 16005 (U).

Required:- Get out the following
1-Cost of goods sold at standard cost.
2-Revenue at budgeted selling price.
3-Operating income based on budgeted profit per unit.
4-Actual operating income
5-Selling price variance
6-Direct materials variance
7-Direct manufacturing labor variance
8-Variance manufacturing (OH) variance
9-Fixed manufacturing (OH) variance
10-Sales volume variance for operating income
11-Flexible budget total costs

Answer rating: 100% (QA)

1 Cost of goods sold at Standard cost Actual production and sales 5500 units Budegeted variable cost ... View the full answer