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In September, 67,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) BLOSSOM COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2022 Diff Fav Unfa Neither Actual Costs nor Un $ Budget $ $

In September, 67,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) BLOSSOM COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2022 Diff Fav Unfa Neither Actual Costs nor Un $ Budget $ $

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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In September, 67,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) BLOSSOM COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2022 Diff Fav Unfa Neither nor Un Actual Costs $ $ Budget $ $ $
Transcribed Image Text:In September, 67,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) BLOSSOM COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2022 Diff Fav Unfa Neither nor Un Actual Costs $ $ Budget $ $ $
Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable $54,180 $53,080 $1,100 Favorable 60,480 57,080 3,400 Favorable 30,240 30,440 200 Unfavorable 21,420 21,020 400 Favorable 18,900 18,800 100 Favorable 10,080 10,440 360 Unfavorable 195,300 190,860 4,440 Favorable 11,100 11,100 -0- Neither Favorable nor Unfavorable 16,000 16,000 -0- Neither Favorable nor Unfavorable 6,800 6,800 -0- Neither Favorable nor Unfavorable 33,900 33,900 -0- Neither Favorable nor Unfavorable $229,200 $224,760 $4,440 Favorable Total costs The monthly budget amounts in the report were based on an expected production of 63,000 units per month or 756,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 61,000 units were produced. Fixed costs Rent Supervision Depreciation Total fixed
Transcribed Image Text:Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable $54,180 $53,080 $1,100 Favorable 60,480 57,080 3,400 Favorable 30,240 30,440 200 Unfavorable 21,420 21,020 400 Favorable 18,900 18,800 100 Favorable 10,080 10,440 360 Unfavorable 195,300 190,860 4,440 Favorable 11,100 11,100 -0- Neither Favorable nor Unfavorable 16,000 16,000 -0- Neither Favorable nor Unfavorable 6,800 6,800 -0- Neither Favorable nor Unfavorable 33,900 33,900 -0- Neither Favorable nor Unfavorable $229,200 $224,760 $4,440 Favorable Total costs The monthly budget amounts in the report were based on an expected production of 63,000 units per month or 756,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 61,000 units were produced. Fixed costs Rent Supervision Depreciation Total fixed
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