Western Manufacturing produces a single product. The original budget for April was based on expected production...
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Western Manufacturing produces a single product. The original budget for April was based on expected production of 12,000 units actual production for April was 10,800 units. The original budget and actual costs incurred for the manufacturing department follow Direct materials Direct labor Variable overhead Fixed overhead Total Required: Original Budget $ 182,400 150,000 75,600 69,500 Actual Costs $ 168,300 138,000 72,300 72,000 $ 477,500 $ 450,600 Prepare an appropriate performance report for the manufacturing department. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Item Original Budget (12,000 units) Flexed Budget (10,800 units) Actual Cost Variance Direct materials $ 182,400 $ 168,300 Direct labor 150,000 138,000 Variable overhead 75,600 72,300 Fixed overhead 69,500 72,000 Total $ 477,500 $ 0 $ 450,600 Western Manufacturing produces a single product. The original budget for April was based on expected production of 12,000 units actual production for April was 10,800 units. The original budget and actual costs incurred for the manufacturing department follow Direct materials Direct labor Variable overhead Fixed overhead Total Required: Original Budget $ 182,400 150,000 75,600 69,500 Actual Costs $ 168,300 138,000 72,300 72,000 $ 477,500 $ 450,600 Prepare an appropriate performance report for the manufacturing department. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Item Original Budget (12,000 units) Flexed Budget (10,800 units) Actual Cost Variance Direct materials $ 182,400 $ 168,300 Direct labor 150,000 138,000 Variable overhead 75,600 72,300 Fixed overhead 69,500 72,000 Total $ 477,500 $ 0 $ 450,600
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
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