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Bramble Company estimates that it will produce 7,680 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $10,240 for depreciation and $4,864 for supervision. In the current month, Bramble actually produced 8,180 units and incurred the following costs: direct materials $49,728, direct labor $97,824, variable overhead $149,280, depreciation $10.240, and supervision $5,120. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.) Direct Materials Budget Bramble Company Static Budget Report Actual Differen Favoral Unfavori Neither Fav nor Unfave

Bramble Company estimates that it will produce 7,680 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $10,240 for depreciation and $4,864 for supervision. In the current month, Bramble actually produced 8,180 units and incurred the following costs: direct materials $49,728, direct labor $97,824, variable overhead $149,280, depreciation $10.240, and supervision $5,120. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.) Direct Materials Budget Bramble Company Static Budget Report Actual Differen Favoral Unfavori Neither Fav nor Unfave

FINANCIAL ACCOUNTING
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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Bramble Company estimates that it will produce 7,680 units of product IOA during the current month. Budgeted variable. manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $10,240 for depreciation and $4,864 for supervision. In the current month, Bramble actually produced 8,180 units and incurred the following costs: direct materials $49,728, direct labor $97,824, variable overhead $149,280, depreciation $10.240, and supervision $5,120. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.) Direct Materials Budget Bramble Company Static Budget Report Actual Differe Favoral Unfavori Neither Fav nor Unfav
Transcribed Image Text:Bramble Company estimates that it will produce 7,680 units of product IOA during the current month. Budgeted variable. manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $10,240 for depreciation and $4,864 for supervision. In the current month, Bramble actually produced 8,180 units and incurred the following costs: direct materials $49,728, direct labor $97,824, variable overhead $149,280, depreciation $10.240, and supervision $5,120. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.) Direct Materials Budget Bramble Company Static Budget Report Actual Differe Favoral Unfavori Neither Fav nor Unfav
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