Cheyenne Company estimates that it will produce $7,000$ units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $$7,$ direct labor $$13,$ and overhead $$18.$ Monthly budgeted fixed manufacturing overhead costs are $$7,700$ for depreciation and $$3,500$ for supervision.

In the current month, Cheyenne actually produced $7,500$ units and incurred the following costs: direct materials $$45,619,$ direct labor $$89,700,$ variable overhead $$134,946,$ depreciation $$7,700,$ and supervision $$3,710.$

Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. $($List variable costs before fixed costs.$)$

CHEYENNE COMPANY

Static Budget Report

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