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Crane Company expects to produce 58,000 units of product XLA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $19. Annual budgeted foxed manufacturing overhead costs are $92.400 for depreciation and $54,000 for supervision. In the current month, Crane produced 6,200 units and incurred the following costs: direct materials $27.900, direct labour $72,400, variable overhead $125,457, depreciation $7,700, and supervision $4,770. Prepare a flexible budget report. (List variable costs before fixed costs) Depreciation Direct Labour Direct Materials Fixed Cost Overhead Supervision Total Conti Total Fixed Costs Total Variable Costs Activity Level: Units Variable Costs V V $ Budget Crane Company Flexible Budget Report Actual $ D Fi Un Neith nor U Budget Crane Company Flexible Budget Report Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable Favourable Unfavourable Neither Favourable nor Unfavourable v V V <<<

Crane Company expects to produce 58,000 units of product XLA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $19. Annual budgeted foxed manufacturing overhead costs are $92.400 for depreciation and $54,000 for supervision. In the current month, Crane produced 6,200 units and incurred the following costs: direct materials $27.900, direct labour $72,400, variable overhead $125,457, depreciation $7,700, and supervision $4,770. Prepare a flexible budget report. (List variable costs before fixed costs) Depreciation Direct Labour Direct Materials Fixed Cost Overhead Supervision Total Conti Total Fixed Costs Total Variable Costs Activity Level: Units Variable Costs V V $ Budget Crane Company Flexible Budget Report Actual $ D Fi Un Neith nor U Budget Crane Company Flexible Budget Report Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable Favourable Unfavourable Neither Favourable nor Unfavourable v V V <<<

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter23: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 4CMA: JoyT Company manufactures Maxi Dolls for sale in toy stores. In planning for this year, JoyT...
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Crane Company expects to produce 58,000 units of product XLA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $19. Annual budgeted fixed manufacturing overhead costs are $92,400 for depreciation and $54,000 for supervision. In the current month, Crane produced 6.200 units and incurred the following costs: direct materials $27,900, direct labour $72,400, variable overhead $125,457, depreciation $7,700, and supervision $4,770. Prepare a flexible budget report. (List variable costs before fixed costs.) Depreciation Direct Labour Direct Materials Fixed Costs Overhead Supervision Total Costs Total Fixed Costs Total Variable Costs Activity Level: Units Variable Costs v V $ Budget Crane Company Flexible Budget Report Actual $ D F Un Neith nor l Budget $ Crane Company Flexible Budget Report Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable Favourable Unfavourable Neither Favourable nor Unfavourable
Transcribed Image Text:Crane Company expects to produce 58,000 units of product XLA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $19. Annual budgeted fixed manufacturing overhead costs are $92,400 for depreciation and $54,000 for supervision. In the current month, Crane produced 6.200 units and incurred the following costs: direct materials $27,900, direct labour $72,400, variable overhead $125,457, depreciation $7,700, and supervision $4,770. Prepare a flexible budget report. (List variable costs before fixed costs.) Depreciation Direct Labour Direct Materials Fixed Costs Overhead Supervision Total Costs Total Fixed Costs Total Variable Costs Activity Level: Units Variable Costs v V $ Budget Crane Company Flexible Budget Report Actual $ D F Un Neith nor l Budget $ Crane Company Flexible Budget Report Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable Favourable Unfavourable Neither Favourable nor Unfavourable
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