Shoewear Inc.’s flexible budget cost formula for supplies, a variable overhead cost, is $4.87 per unit...
Shoewear Inc.’s flexible budget cost formula for supplies, a variable overhead cost, is $4.87 per unit of output. The company's flexible budget performance report for last month showed a $7,684 unfavorable variance for supplies. During that month, 12,400 units were produced. Budgeted activity for the month was 10,600 units.
What are the total actual cost incurred for supplies?
Homework Answers
Variable overhead cost per unit = $4.87
Actual output = 12,400 units
Budgeted output = 10,600 units
Unfavorable variance for supplies= $7,684
Total actual cost incurred for supplies = Variable overhead cost per unit x Actual output
= 4.87 x 12,400
= $60,388
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