Question: 8 - 2 7 Basic Flexible Budget The budgeted prices for materials and direct labor per unit of finished product are $ 8 and $

8-27 Basic Flexible Budget
The budgeted prices for materials and direct labor per unit of finished product are $8 and $7, respectively. The production manager is delighted about the following data:
Is the managers happiness justified? Prepare a report that might provide a more detailed explanation of why the static budget was not achieved. Good output was 5,300 units.

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