Question: Solve on excel and show how you got answer please! The following budgeted and actual volume and cost data are for July of this year.
The following budgeted and actual volume and cost data are for July of this year. Budget 20,000 Actual 18,000 Volume Budgeted manufacturing costs: Variable costs per unit: Direct materials Direct labor Overhead Total fixed overhead costs Actual manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead $17.00 7.00 2.00 $220,000 $310,000 135,000 36,000 210,000 a. Prepare a static budget analysis of production costs for July of this year. b. Prepare a flexible budget analysis of production costs for July of this year
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