Novak Company expects to produce 1,560,000 units of Product XX in 2022. Monthly production is expected to range from 104,000 to 156,000 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 130,000 units: direct materials $676,000, direct labor $774,800, and variable overhead $1,046,500. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.)

Novak Company expects to produce 1,560,000 units of Product XX in 2022. Monthly production is expected to range from 104,000 to 156,000 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 130,000 units: direct materials $676,000, direct labor $774,800, and variable overhead $1,046,500. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.)

Name: Please do not give solution in image format thanku $$$BudgetI$NOVAK CO
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Description: Please do not give solution in image format thanku $$$BudgetI$NOVAK COMPANYManufacturing Flexible Budget ReportFor the Month Ended March 31, 2022ActualDifferenceFavorableUnfavorableNeither Favoranor UnfavoralE Novak Company expects to produce 1,560,0

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter16: Job Order Costing

Section: Chapter Questions

Problem 4CMA: Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and...

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