oduction in units rect materials. rect labor. ariable manufacturing overhead ptal variable costs ixed manufacturing overhead otal manufacturing cost Static Budget 26,000 kits $161,200 135,200. 39,000 335,400 208,000 $543,400 quired Convert the static budget into a flexible budget. Actual Resulta 28,600 kita $215,820 142,820 45,200 403,840 202,700 $606,540
oduction in units rect materials. rect labor. ariable manufacturing overhead ptal variable costs ixed manufacturing overhead otal manufacturing cost Static Budget 26,000 kits $161,200 135,200. 39,000 335,400 208,000 $543,400 quired Convert the static budget into a flexible budget. Actual Resulta 28,600 kita $215,820 142,820 45,200 403,840 202,700 $606,540
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please do not give solution in image format thanku
Transcribed Image Text:Rundle 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
Static Budget
26,000 kits
$161,200
135,200
39,000
335,400
208,000
$543,400
Required
a. Convert the static budget into a flexible budget.
b. Calculate the variances.
Actual
Results
28,600 kits
$215,820
142,820
45,200
403,840
202,700
$606,540
Transcribed Image Text:Required
a. Convert the static budget into a flexible budget.
b. Calculate the variances.
Complete this question by entering your answers in the tabs below.
Required A Required B.
Convert the static budget into a flexible budget. (Do not round intermediate calculations.)
Production in units
Direct materials
Direct labor
Variable manufacturing overhead
Total variable costs
Fixed manufacturing overhead
Total manufacturing costs
Required A Required B
Flexible Budget
Kits
Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for
for no effect (i.e., zero variance).)
Direct materials
Direct labor
Variable manufacturing overhead
Total variable costs
Fixed manufacturing overhead
Total manufacturing costs
Variances
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