Monty Company expects to produce 1,176,000 units of Product XX in 2025. Monthly production is expected to range from 78,400 to 117,600 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 2025, the company incurs the following costs in producing 98,000 units: direct materials $509,600, direct labor $584,080, and variable overhead $788,900. Actual fixed costs were equal to budgeted foxed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs) Budget MONTY COMPANY Manufacturing Flexible Budget Report Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable

Monty Company expects to produce 1,176,000 units of Product XX in 2025. Monthly production is expected to range from 78,400 to 117,600 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 2025, the company incurs the following costs in producing 98,000 units: direct materials $509,600, direct labor $584,080, and variable overhead $788,900. Actual fixed costs were equal to budgeted foxed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs) Budget MONTY COMPANY Manufacturing Flexible Budget Report Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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