Current Attempt in Progress

Crane Company estimates that it will produce $7,560$ units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $\backslash (\backslash$$ $7\backslash ),$ direct labor $\backslash (\backslash$$ $13\backslash ),$ and overhead $\backslash (\backslash$$ $18\backslash ).$ Monthly budgeted fixed manufacturing overhead costs are $\backslash (\backslash$$ $10,080\backslash )$ for depreciation and $\backslash (\backslash$$ $4,788\backslash )$ for supervision.

In the current month, Crane actually produced $8,060$ units and incurred the following costs: direct materials $\backslash$$$48,951,$ direct labor $\backslash (\backslash$$ $96,296\backslash ),$ variable overhead $\backslash (\backslash$$ $146,948\backslash ),$ depreciation $\backslash (\backslash$$ $10,080\backslash ),$ and supervision $\backslash (\backslash$$ $5,040\backslash ).$

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.$)$

CRANE COMPANY

Static Budget Report

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