Carla Vista Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 83,500 to 118,900 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, an overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1. In March 2022, the company incurs the following costs in producing 101,200 units: direct materials $434,800, direct labour $703,400 and variable overhead $1.020,000. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.) CARLA VISTA COMPANY Manufacturing Flexible Budget Report

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It…

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future…