Question: Sandhill Co.developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 121,000 Direct Labor Hours Expected annual operating capacity Variable overhead

for 2022 as follows: 121,000 Direct Labor Hours Expected annual operating capacity

Variable overhead costs Indirect labor Indirect materials Factory supplies $605,000 121,000 60,500

Total variable 786,500 249,000 Fixed overhead costs epreciation Supervision Property taxes 129,000

105,000 Total fixed 483,000 Total costs $1.269.500 The relevant range for monthly

Sandhill Co.developed its annual manufacturing overhead budget for its master budget for 2022 as follows: 121,000 Direct Labor Hours Expected annual operating capacity Variable overhead costs Indirect labor Indirect materials Factory supplies $605,000 121,000 60,500 Total variable 786,500 249,000 Fixed overhead costs epreciation Supervision Property taxes 129,000 105,000 Total fixed 483,000 Total costs $1.269.500 The relevant range for monthly activity is expected to be between 9,000 and 12,000 direct labor hours: Prepare a flexible budget for a monthly activity level of 9.000 and 10.000 direct labor hours. (Ust variable costs before fixed costs.) Indirect Labor $ Indirect Materials Factory Supplies Total Variable Costs Fixed Costs INI DITT DICE Depreciation Supervision Property Taxes Total Fixed Costs Total Costs Ivanhoe Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Budgeted Quantity Budgeted Unit Sales Price Product A 43,000 $7 Product B 49,500 $9 During June, the company actually sold 40,500 units of Product A at an average unit selling price of $7.10 and 52.600 units of Product Bat an average unit price of $8.90. Prepare a Sales Budget Report for the month of June for Ivanhoe Company which shows whether the company achieved its planned objectives IVANHOE COMPANY Sales Budget Report For the Month Ended June 30, 2022 Difference Product Line Budget Favorable Unfavorable (U) Not Applicable (NA) Actual Product A During June, the company actually sold 40,500 units of Product A at an average unit selling price of 57.10 and 52,600 units of Product Bat an average unit price of $8.90 Prepare a Sales Budget Report for the month of June for Ivanhoe Company which shows whether the company achieved its planned objectives IVANHOE COMPANY Sales Budget Report For the Month Ended June 30, 2022 Difference Product Line Budget Favorable (F) Unfavorable (U) Not Applicable (NA) Actual Product A $ Product B Total Sales $

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