Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variable manufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annual budgeted fixed manufacturing overhead costs are P96,000 for depreciation and P45,000 for supervision. In February, Shalom produced 6,000 units and incurred the following costs: direct materials P38,900, direct labor P70,200, variable overhead P116,500, depreciation P8,000, and supervision P4,000. In your flexible budget performance report, identify the difference between budgeted and actual costs and indicate as favorable or unfavorable. Amounts must be in whole numbers. Format should be: 8,000 F or 8,000 UF variable manufacturing overhead

Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variable manufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annual budgeted fixed manufacturing overhead costs are P96,000 for depreciation and P45,000 for supervision. In February, Shalom produced 6,000 units and incurred the following costs: direct materials P38,900, direct labor P70,200, variable overhead P116,500, depreciation P8,000, and supervision P4,000. In your flexible budget performance report, identify the difference between budgeted and actual costs and indicate as favorable or unfavorable. Amounts must be in whole numbers. Format should be: 8,000 F or 8,000 UF variable manufacturing overhead

Name: Shalom Company plans to produce 50,000 units of Peace Products in 202
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Description: Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variablemanufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annualbudgeted fixed manufacturing overhead costs are P96,000 for depr

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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