Wade Company estimates that it will produce 6,000 units of product IOA during the current month. Budgeted
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Wade Company estimates that it will produce 6,000 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 $8,000 for depreciation and $3,800 for supervision.
In the current month, Wade actually produced 6,500 units and incurred the following costs:
direct materials $38,850,
direct labor $76,440,
variable overhead $116,640,
depreciation $8,000, and supervision $4,000.
Prepare a static budget report.
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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