The following budgeted and actual volume and cost data are for July of this year: Volume Budgeted manufacturing costs: Variable costs per unit: Direct materials Direct labor Overhead Total fixed overhead costs Actual manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead Required: a. Prepare a static budget analysis of production costs for July of this year. b. Prepare a flexible budget analysis of production costs for July of this year. Budget 20,000 $17.00 7.00 200 $220,000 Actual 18.000 $310.000 135,000 36,000 210,000

The following budgeted and actual volume and cost data are for July of this year: Volume Budgeted manufacturing costs: Variable costs per unit: Direct materials Direct labor Overhead Total fixed overhead costs Actual manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead Required: a. Prepare a static budget analysis of production costs for July of this year. b. Prepare a flexible budget analysis of production costs for July of this year. Budget 20,000 $17.00 7.00 200 $220,000 Actual 18.000 $310.000 135,000 36,000 210,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 2PA: Sales, production, direct materials purchases, and direct labor cost budgets The budget director of...

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