Question: Here is the screenshot for the problem. Question asks for the student to make a static budget report. 7. Petosky Power manufactures car batteries, mostly
Here is the screenshot for the problem. Question asks for the student to make a static budget report.

7. Petosky Power manufactures car batteries, mostly for ATVs. The company uses flexible budgeting techniques to deal with the seasonal and cyclical nature of the business. The accounting department provided the accompanying data on budgeted manuf + turing costs for the month of January 2019: Petosky Power Planned Level of Production for January 2019 Budgeted production in units 20.000 Variable costs (vary with production) Direct materials $140,000 Direct labor 260,000 Indirect labor 28,000 Indirect materials 12,000 Maintenance 6,000 Fixed costs Supervision 24,000 Other (depreciation, taxes, etc.) 98,000 Total plant costs $568,000 Actual operations for January 2019 are summarized below: ADRIAN POWER Actual Operation for January 2019 Actual production in units 18,000 Actual cost incurred: Direct materials $130,000 Direct labor 250,000 Indirect labor 25,000 Indirect materials 15,000 Maintenance 10,000 Supervision 20,000 Other (depreciation, taxes, etc.) 80,000 Total plant costs $530.000 Required: Prepare a report comparing the actual operating results with the static budget at actual production (that is, prepare a static budget report)
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