Fanning Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is theproduction manager. The production department's static budget and actual results for Year 3 follow.Production in unitsDirect materials.Direct laborVariable manufacturing overheadTotal variable costsFixed manufacturing overheadTotal manufacturing costRequired A Required BStatic BudgetRequireda. Convert the static budget into a flexible budget.b. Calculate the variances.Production in unitsDirect materialsDirect laborVariable manufacturing overheadTotal variable costsFixed manufacturing overheadTotal manufacturing costs$ 179,400153,40039,000$371,800210,000$ 581,800Convert the static budget into a flexible budget.Note: Do not round intermediate calculations.26,000 kitsComplete this question by entering your answers in the tabs below.Flexible Budget28,600 Kits00Actual Results28,600 kitsPLA$ 234,840161,74046,400442,980205,800$ 648,780Required B

FLEXIBLE BUDGET Flexible Budget is a Budget that is Prepared For Different Levels of Activities,…

Fanning Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department's static budget and actual results for Year 3 follow. Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Required A Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Required B Static Budget Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs $ 179,400 153,400 39,000 371,800 210,000 $ 581,800 Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. S Complete this question by entering your answers in the tabs below. 26,000 kits Flexible Budget 28,600 Kits 0 0 Actual Results 28,600 kits $ 234,840 161,740 46,400 442,980 205,800 $ 648,780 Required B >

Fanning Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department's static budget and actual results for Year 3 follow. Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Required A Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Required B Static Budget Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs $ 179,400 153,400 39,000 371,800 210,000 $ 581,800 Convert the static budget into a flexible budget. Note: Do not round intermediate calculations. S Complete this question by entering your answers in the tabs below. 26,000 kits Flexible Budget 28,600 Kits 0 0 Actual Results 28,600 kits $ 234,840 161,740 46,400 442,980 205,800 $ 648,780 Required B >

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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