Question

P23-31B (similar to) White Rediners manufactures leather recliners and unses flexible budgeting and a standard oost system Whito alocates owerhead based on yards of direct materials The company's performance report incla (Cick the icon to view the selected data) Read the geouremerts X 6Dala Table Requirement 1. Prepare a flexble budget based on the actual nunber of reciners White Recliners Static Budget Actual Results Flaxible Budget (1.025 recliners) (1005 recliners) Budget Saes (1,025 teclners x $ 507 375 406 each) Amounts 1.005 rediners x $ 475 each) 477 375 per Unit Maable Maniudactunig Costs Acua Uits (Rednes Dred Matenals 0.150 y 880/d) 300 yds a 00 (t0250 0U s p30DU as0 DHr o50/OL ,150 y 5 b 10yd 8300 d 0yd Sales Reversa 4,120 Vaiabie Mandacturing Costs 54.100 Orect Labor Deect Maenals 96,326 Drect Labor 93 575 Variabe Oyehead Variable Oveead Tand Manufacturing Cost 40 950 Foed Mariulactonng Ocsts Fxed Ovechead Fxod Oveihead 6230 243 540 Total Cost of Goods Sold 64,730 Talal Cost of Goods Soig 253.435 Gross Profit Gross Profit 263 A35 S 223.040 Prin Dode

Answer 1

					Budgeted
					amounts
Particulars					per unit
Actual Units						1005
Sales revenue			(1005 x $ 495)		$ 495.00	$ 497,475.00
Variable manu. Costs
Direct Material			(6030 x $ 8.80)		$      8.80	$   53,064.00
Direct Labor			(10050 x $ 9.30)		$      9.30	$   93,465.00
Variable OH			(6030 x $ 5.10)		$      5.10	$   30,753.00
Fixed manu. Costs
Fixed OH						$   62,730.00
Total Cost of goods sold						$ 240,012.00
Gross profit						$ 257,463.00

Flexible Units Computation
Materials		(6150 / 1025) x 1005		6030
Labor		(10250 / 1025) x 1005		10050
Variable OH		(6150 / 1025) x 1005		6030

Just let me know if you find any answer incorrect