Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 72.500 to 105,700 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $3. Prepare a flexible manufacturing budget for the relevant range value using increments of 16.600 units. (List variable costs before fixed costs.) Variable Costs Total Fixed Costs Total Variable Costs Depreciation Finished Units Activity Level Direct Labour Total Costs Direct Materials Overhead Supervision Fixed Costs ORIOLE COMPANY Monthly Flexible Manufacturing Budget
Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 72.500 to 105,700 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $3. Prepare a flexible manufacturing budget for the relevant range value using increments of 16.600 units. (List variable costs before fixed costs.) Variable Costs Total Fixed Costs Total Variable Costs Depreciation Finished Units Activity Level Direct Labour Total Costs Direct Materials Overhead Supervision Fixed Costs ORIOLE COMPANY Monthly Flexible Manufacturing Budget
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text:Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 72.500 to
105,700 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $9.
Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $3.
Prepare a flexible manufacturing budget for the relevant range value using increments of 16.600 units. (List variable costs before
fixed costs.)
Variable Costs
Total Fixed Costs
Total Variable Costs
Depreciation
Finished Units
Activity Level
Direct Labour
Total Costs
Direct Materials
Overhead
Supervision
Fixed Costs
ORIOLE COMPANY
Monthly Flexible Manufacturing Budget
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