Acme Company's production budget for August is 18,600 units and includes the following unit costs for components: 

direct materials, $8.00; 

direct labor, $11.50; 

variable overhead, $5.00. 

The budgeted fixed overhead cost is $43,000. 

Actual production in August was 19,998 units, 

actual unit component costs incurred during August include direct materials, $10.00; 

direct labor, $10.50; 

variable overhead, $6.00. 

Actual fixed overhead was $45,600

Required:

Prepare a performance report, including each cost component.

Answer rating: 100% (QA)

Performance Report for Acme Company August Cost Component Budgeted Cost Actual Cost ... View the full answer