- Multiple Product Performance Report Storage Products Manufactures Two Models Of Dvd Storage Cases Regular And Deluxe P 1 (57.27 KiB) Viewed 19 times
Multiple Product Performance Report Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model: Cost Components Regular Deluxe Direct materials Lumber 2 board feet * $3 = $6.00 3 board feet < $3 = $9.00 Assembly kit 2.00 2.00 Direct labor 1 hour < $4= 4.00 1.25 hours x $4 = 5.00 Variable overhead 1 labor hr. x $2 = 2.00 1.25 labor hrs. x $2 = 2.50 Total $14.00 $18.50 Budgeted fixed manufacturing overhead is $16,000 per month. During July, the
company produced 7,000 regular and 3,000 deluxe storage cases while incurring the following manufacturing costs: Direct materials $90,000 Direct labor 44,000 Variable overhead 18,000 Fixed overhead Total $170,500 18,500
Prepare a flexible budget performance report for the July manufacturing activities. Flexible Actual Budget Flexible Budget Variance Volume Regular 5,000 x 5,000 x Deluxe 2,000 x 2,000 x Variable costs Direct materials Lumber Regular $ 30,000 X Deluxe 18,000 x Assembly kits Regular 10,000 x Deluxe 4,000 x Total $ 70,000 X 62,000 x 8,000 x U Direct labor Regular 0X Deluxe 0X Total 0 X 0 X 0x U Variable overhead Regular 0 X Deluxe 0X Total 11,500 X 15,000 X 3,500 F Fixed overhead 15,500 x 13,000 X 2.500U Total $ 128,000 * $ 1,200,000 * $ 8,000 x U ► ► T1 ► ► <> Check