Acme Company's production budget for August is 17,800 units and includes the following component unit costs: direct materials. $6.00; direct labor, $10.00; variable overhead, $6.00. Budgeted fixed overhead is $35,000. Actual production in August was 19,368 units. Required: Prepare a flexible budget that would be used to compare against actual production costs for August Note: Round "Cost per unit" to 2 decimal places. Direct materials Direct labor Variable overhead Fixed overhead Total budgeted cost Cost Formula Original Budget (17,800 units) Flexed Budget (19,368 units)

Acme Company's production budget for August is 17,800 units and includes the following component unit costs: direct materials. $6.00; direct labor, $10.00; variable overhead, $6.00. Budgeted fixed overhead is $35,000. Actual production in August was 19,368 units. Required: Prepare a flexible budget that would be used to compare against actual production costs for August Note: Round "Cost per unit" to 2 decimal places. Direct materials Direct labor Variable overhead Fixed overhead Total budgeted cost Cost Formula Original Budget (17,800 units) Flexed Budget (19,368 units)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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