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Western Manufacturing produces a single product. The original budget for April was based on expected production of 16,000 units; actual production for April was 17,600 units. The original budget and actual costs incurred for the manufacturing department follow: Original Budget $ 249,600 Actual Costs $ 285,300 Direct materials Variable overhead Direct labor Fixed overhead Total 206,400 104,000 71,500 230,400 116,000 76,000 $ 631,500 $ 707,700 Required: Prepare an appropriate performance report for the manufacturing department. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Item Original Budget (16,000 units) Flexed Budget (17,600 units) Actual Cost Variance Direct materials $ 249,600 $ 285,300 Direct labor 206,400 230,400 Variable overhead 104,000 116,000 Fixed overhead Total 71,500 76,000 $ 631,500 $ 707,700

Western Manufacturing produces a single product. The original budget for April was based on expected production of 16,000 units; actual production for April was 17,600 units. The original budget and actual costs incurred for the manufacturing department follow: Original Budget $ 249,600 Actual Costs $ 285,300 Direct materials Variable overhead Direct labor Fixed overhead Total 206,400 104,000 71,500 230,400 116,000 76,000 $ 631,500 $ 707,700 Required: Prepare an appropriate performance report for the manufacturing department. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Item Original Budget (16,000 units) Flexed Budget (17,600 units) Actual Cost Variance Direct materials $ 249,600 $ 285,300 Direct labor 206,400 230,400 Variable overhead 104,000 116,000 Fixed overhead Total 71,500 76,000 $ 631,500 $ 707,700

FINANCIAL ACCOUNTING
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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Western Manufacturing produces a single product. The original budget for April was based on expected production of 16,000 units; actual production for April was 17,600 units. The original budget and actual costs incurred for the manufacturing department follow: Original Budget $ 249,600 Actual Costs $ 285,300 Direct materials Variable overhead Direct labor Fixed overhead Total 206,400 104,000 71,500 230,400 116,000 76,000 $ 631,500 $ 707,700 Required: Prepare an appropriate performance report for the manufacturing department. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Item Original Budget (16,000 units) Flexed Budget (17,600 units) Actual Cost Variance Direct materials $ 249,600 $ 285,300 Direct labor 206,400 230,400 Variable overhead 104,000 116,000 Fixed overhead Total 71,500 76,000 $ 631,500 $ 707,700
Transcribed Image Text:Western Manufacturing produces a single product. The original budget for April was based on expected production of 16,000 units; actual production for April was 17,600 units. The original budget and actual costs incurred for the manufacturing department follow: Original Budget $ 249,600 Actual Costs $ 285,300 Direct materials Variable overhead Direct labor Fixed overhead Total 206,400 104,000 71,500 230,400 116,000 76,000 $ 631,500 $ 707,700 Required: Prepare an appropriate performance report for the manufacturing department. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Item Original Budget (16,000 units) Flexed Budget (17,600 units) Actual Cost Variance Direct materials $ 249,600 $ 285,300 Direct labor 206,400 230,400 Variable overhead 104,000 116,000 Fixed overhead Total 71,500 76,000 $ 631,500 $ 707,700
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