(0) Sheridan Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 87,300 to 130,100 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $6, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1. In March 2022, the company incurs the following costs in producing 108700 units: direct materials $458800 direct labour $643,200, and variable overhead $1203700. actual fixed overhead equalled budgeted fixed overhead prepare a flexible budget report for march (list variable costs before fixed costs) also, were the costs controlled?
(0) Sheridan Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 87,300 to 130,100 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $6, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1. In March 2022, the company incurs the following costs in producing 108700 units: direct materials $458800 direct labour $643,200, and variable overhead $1203700. actual fixed overhead equalled budgeted fixed overhead prepare a flexible budget report for march (list variable costs before fixed costs) also, were the costs controlled?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:(0) Sheridan Company expects to produce
1,260,000 units of product XX in 2022.
Monthly production is expected to range
from 87,300 to 130,100 units. Budgeted
variable manufacturing costs per unit are as
follows: direct materials $4, direct labour $6,
and overhead $11. Budgeted fixed
manufacturing costs per unit for depreciation
are $6 and for supervision $1. In March 2022,
the company incurs the following costs in
producing 108700 units: direct materials
$458800 direct labour $643,200, and variable
overhead $1203700. actual fixed overhead
equalled budgeted fixed overhead prepare a
flexible budget report for march (list variable
costs before fixed costs) also, were the costs
controlled?
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