Bramble Company expects to produce 1008,000 units of Product XX in 2022. Monthly production is expected to range from 67,200 to 100 800 units Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6 and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 84,000 units direct materials $436.800, direct labor $500,640, and variable overhead $676.200. Actual fixed costs were equal to budgeted foxed costs Prepare a flexible budget report for March, (List variable costs before fond costs) BRAMBLE COMPANY Manufacturing Flexible Budget Report
Bramble Company expects to produce 1008,000 units of Product XX in 2022. Monthly production is expected to range from 67,200 to 100 800 units Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6 and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 84,000 units direct materials $436.800, direct labor $500,640, and variable overhead $676.200. Actual fixed costs were equal to budgeted foxed costs Prepare a flexible budget report for March, (List variable costs before fond costs) BRAMBLE COMPANY Manufacturing Flexible Budget Report
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Topic Video
Question
Don't provide answers in image format
Transcribed Image Text:Bramble Company expects to produce 1008,000 units of Product XX in 2022. Monthly production is expected to range
from 67,200 to 100,800 units Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6 and overhead
$8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1.
In March 2022, the company incurs the following costs in producing 84,000 units direct materials $436.800, direct labor $500,640
and variable overhead $676.200. Actual fixed costs were equal to budgeted fixed costs
Prepare a flexible budget report for March. (List variable costs before fored costs)
Budget
BRAMBLE COMPANY
Manufacturing Flexible Budget Report
$
Actual
Difference
1
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education