Flint Company expects to produce 1,416,000 units of Product XX in 2022. Monthly production is expected to range from 94,400 to 141,600 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 118,000 units: direct materials $613,600, direct labor $703,280, and variable overhead $949,900. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) $ Ne וח Budget Actual $ $ $ $

Flint Company expects to produce 1,416,000 units of Product XX in 2022. Monthly production is expected to range from 94,400 to 141,600 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 118,000 units: direct materials $613,600, direct labor $703,280, and variable overhead $949,900. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) $ Ne וח Budget Actual $ $ $ $

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

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