- Acme Company S Production Budget For August Is 19 300 Units And Includes The Following Component Unit Costs Direct Mate 1 (46.31 KiB) Viewed 52 times
Acme Company's production budget for August is 19,300 units and includes the following component unit costs: direct materials, $9.00, direct labor, $11.80, variable overhead, $5.80. Budgeted fixed overhead is $50,000. Actual production in August was 21,870 units. Actual unit component costs incurred during August include direct materials, $10.00, direct labor, $11.20, variable overhead, $700. Actual fixed overhead was $53,300. Required: Prepare a performance report, including each cost component. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Budget Variance Cost Component Direct materials Dired labor Variable overhead Fled overhead Total budgeted cost Original Budget Flexed Budget Actual Cost (19.300 units (21,870 units) (21,870 units) 5 91 12 6 50,000 50 000 $ 50.0275 50,000 $