Prepare a static budget analysis of production cost. Prepare a flexible budget analysis of production. budget...
Prepare a static budget analysis of production cost.
Prepare a flexible budget analysis of production.
budget 20,000
actual. 18,000
volume.
budgeted manufacturing cost
variable cost per unit
direct materials 17.00
direct labor 7.00
overhead 2.00
Total fixed overhead cost 220,000
Actual manufacturing cost 310,000
direct materials. 310,000
direct labor. 135,000
variable overhead 36,000
fixed overhead. 210,000
Homework Answers
Flexible budget
| Particular | Actual | Budget | Variance (F / U) |
| Sales volume | 18000 | 20000 | |
| Variable cost | |||
| Direct materials | 310,000 | 340,000 | 30000 (F) |
| Direct labor | 135,000 | 140,000 | 5000 (F) |
| Variable overhead | 36000 | 40000 | 4000 (F) |
|
Total Variable cost |
481,000 | 520,000 | 39000 (F) |
| Fixed Cost | |||
| Fixed overhead | 210,000 | 220,000 | 10000 (F) |
| Total Cost | 691,000 | 740,000 | 49000 (F) |
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Prepare a static budget analysis of production
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Prepare a flexible budget analysis of production.
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A variance analysis question for cost accounting that I am struggling with. I have parts of...
A variance analysis question for cost
accounting that I am struggling with. I have parts of it completed,
but there are some parts that I did not really understand. Could
you please take a look and help me? I really appreciate it! Thank
you very much! You may need to zoom in to see the numbers and
information for this question
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A variance analysis question for cost
accounting that I am struggling with. I have parts of it completed,
but there are some parts that I did not really understand. Could
you please take a look and help me? I really appreciate it! Thank
you very much! You may need to zoom in to see the numbers and
information for this question
Part 1: Calculate direct materials price and efficiency variances. Actual Costs Incurred Flexible Budget Budgeted Input Qt. Alloved for...
a) Prepare actual, static and flexible budget income statements
for December.
b) What is the flexible budget variance and volume variance for
total COGM and indicate if it is favorable or unfavorable?
c) To further investigate the flexible budget variance, Merry
Inc. found that the budgeted direct labor rate was $54 per hour and
expected production rate was 10 trees per hour. Actual direct labor
rate was $70 per hour and actual production rate was 12 trees per
hour. Compute...
M9-5 (Static) Preparing a Flexible Budget (LO 9-2] Evanson Company expects to produce 500,000 units of their product during the year. Monthly production is expected to range fro 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Prepare a flexible manufacturing budget using 20,000 unit increments Prepare a flexible manufacturing budget using 20,000 unit increments. ® Answer is complete but not entirely correct....
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