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Nashler Company has the following budgeted variable costs per unit produced: Direct materials Direct labor Variable overhead: Supplies Maintenance Power Supervision Depreciation $7.20 Other overhead 1.54 Power Budgeted fixed overhead costs per month include supervision of $98,000, depreciation of $76,000, and other overhead of $245,000. In March, Nashler Company produced 170,000 units and had the following actual costs: Direct materials $1,219,000 Direct labor 268,300 Supplies 39,600 Maintenance 32,240 30,520 99,400 76,000 I 0.23 0.19 0.18 244,300

Nashler Company has the following budgeted variable costs per unit produced: Direct materials Direct labor Variable overhead: Supplies Maintenance Power Supervision Depreciation $7.20 Other overhead 1.54 Power Budgeted fixed overhead costs per month include supervision of $98,000, depreciation of $76,000, and other overhead of $245,000. In March, Nashler Company produced 170,000 units and had the following actual costs: Direct materials $1,219,000 Direct labor 268,300 Supplies 39,600 Maintenance 32,240 30,520 99,400 76,000 I 0.23 0.19 0.18 244,300

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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Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs per unit produced: Direct materials Direct labor Variable overhead: Supplies Maintenance Direct materials Direct labor Supplies Maintenance Power Budgeted fixed overhead costs per month include supervision of $98,000, depreciation of $76,000, and other overhead of $245,000. In March, Nashler Company produced 170,000 units and had the following actual costs: $1,219,000 Power Supervision Depreciation $7.20 1.54 Other overhead 0.23 0.19 0.18 268,300 39,600 32,240 30,520 99,400 76,000 I 244,300
Transcribed Image Text:Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs per unit produced: Direct materials Direct labor Variable overhead: Supplies Maintenance Direct materials Direct labor Supplies Maintenance Power Budgeted fixed overhead costs per month include supervision of $98,000, depreciation of $76,000, and other overhead of $245,000. In March, Nashler Company produced 170,000 units and had the following actual costs: $1,219,000 Power Supervision Depreciation $7.20 1.54 Other overhead 0.23 0.19 0.18 268,300 39,600 32,240 30,520 99,400 76,000 I 244,300
1. Prepare a performance report for Nashler Company comparing actual costs with the flexible budget for actual units produced. If there is no variance, enter "0" for the amount and select "NA" in the last column. Direct materials S Direct labor Supplies Maintenance Power Supervision. Depreciation Other overhead Nashler Company Performance Report Actual Cost Flexible Budget Cost Total cost 2. What if Nashier Company's actual direct materials cost were $1,224,000? How would that affect the variance for direct materials? If an amount is zero, enter "0". The materials variance would be $ The total cost variance would Variance by s
Transcribed Image Text:1. Prepare a performance report for Nashler Company comparing actual costs with the flexible budget for actual units produced. If there is no variance, enter "0" for the amount and select "NA" in the last column. Direct materials S Direct labor Supplies Maintenance Power Supervision. Depreciation Other overhead Nashler Company Performance Report Actual Cost Flexible Budget Cost Total cost 2. What if Nashier Company's actual direct materials cost were $1,224,000? How would that affect the variance for direct materials? If an amount is zero, enter "0". The materials variance would be $ The total cost variance would Variance by s
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