Units ProducedVariable CostsDirect MaterialsDirect LabourOverheadTotal Variable CostsFixed CostsDepreciationSupervisionTotal Fixed CostsTotal Costs$$Budget96300$$Actual96300$$$nor Unfavou Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to rangefrom 79,600 to 113,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, andoverhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1.In March 2022, the company incurs the following costs in producing 96,300 units: direct materials $511,500, direct labour $665,100,and variable overhead $1,065,300. Actual fixed overhead equalled budgeted fixed overhead.Prepare a flexible budget report for March. (List variable costs before fixed costs.)ORIOLE COMPANYManufacturing Flexible Budget ReportFor the Month Ended March 31, 2022

Lets understand the basics.Management prepared two type of budget mainly which are,(1) Static…

Answered: Units Produced Variable Costs Direct…

Business

Accounting

Units Produced Variable Costs Direct Materials Direct Labour Overhead Total Variable Costs V $ 96300 $ $ 96300 $ $

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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A 1 Original Data: 2 3 4 5 6 7 8 9 10 11 12 Part 1 13 14 15 16 Estimated MOH Estimated DLHS 28 29 B Selling price per unit Direct materials per unit Direct labour per unit Direct labour-hours per unit Estimated annual productio POR: 17 18 Sales 19 Less product costs 20 21 22 23 Total product costs 24 Product margin Direct materials Direct labour Manufacturing overhead 25 Units produced and sold: 26 Product margin per unit 27 $1,350,000 112,500 High Grade $212.50 $83.50 $30.00 1.00 75,000 High Grade D Professional $387.00 $212.00 $45.00 1.50 25,000 per DLHs Professional Total
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7 Skipped Pedregon Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense If 6,500 units are sold, the total variable cost is closest to: Multiple Choice $93,600 $112,450 $83,525 $75,400 Cost per Unit $ 6.60 $ 3.60 $ 1.40 $ 0.60 $ 0.65 Cost Per $23 $ 3
Total Amount Units Sales Variable Costs: 31,250 Per Unit $ 445,313 $ 14.25 Direct Materials $ 125,000 4.00 = Direct Labor $ 28,000 0.90 = Variable Manufacturing Overhead $ 66,250 2.12 = Sales Commissions $ 15,625 0.50 = Shipping Variable Billing Total Variable Costs $ 3,125 0.10 $ 313 0.01 $ 238,313 7.63 Contribution Margin $ 207,000 6.62 Fixed Costs: Fixed Manufacturing Overhead Advertising Sales and Admin. Salaries Fixed Billing Total Fixed Costs Net Operating Income (Loss) 40,000 16,800 87,300 10,000 154,100 $ 52,900 F. Using the budgeted contribution margin income statement in part E. above, calculate the following: a. Breakeven in units: b. Operating Leverage Multiplier: Given a sales volume increase of 8%, operating income will increase by: c. Percent: d. Dollars: #N/A #N/A #N/A #N/A
5 Vista Company reports the following information. Direct materials Direct labor Variable overhead Fixed overhead Units produced Compute its product cost per unit under absorption costing. Multiple Choice $76.00. $152.00. $171.00. $ 44 per unit 64 per unit $ 44 per unit $ 380,000 per year 20,000 units < Pr
8:30 W W M b b ba Bit Fren Use the following information for Short Exercises $21-2 and S21-3. Variable Costing Product Cost X 49 37% Period Cost ||| 0 < : X
A. Total manufacturing cost? B. Work in Process, 01/01/x1? C. Work in Process, 12/31/x1?