Please Create A Flexible Budget Column based on the provided information and show all your work.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please Create A Flexible Budget Column based on the provided information and show all your work. 

Other Information
Overhead is Allocated on Direct Labour Hours
During the year, 500 kg of materials were purchased for $9,000
Beginning Inventory: none
Ending Inventory: 30kg
Transcribed Image Text:Other Information Overhead is Allocated on Direct Labour Hours During the year, 500 kg of materials were purchased for $9,000 Beginning Inventory: none Ending Inventory: 30kg
Units produced
Materials (kg)
Material Costs
Direct Labour (Hours)
Direct Labour Costs
Variable Overhead Costs
Fixed Overhead Costs
Original Budget
1,000 units
400 kg
$8,000
36,000 hours
$384,840
$255,000
$160,000
Actual
1,200 units
470 kg
See other info
44,000 hours
$451,000
$306,000
$165,000
Transcribed Image Text:Units produced Materials (kg) Material Costs Direct Labour (Hours) Direct Labour Costs Variable Overhead Costs Fixed Overhead Costs Original Budget 1,000 units 400 kg $8,000 36,000 hours $384,840 $255,000 $160,000 Actual 1,200 units 470 kg See other info 44,000 hours $451,000 $306,000 $165,000
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