Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet 20 minutes Supervisor salaries $126,000 per month Depreciation $16,000 per month Direct labor rate $18 per hour Prepare a flexible budget for 15,000, 19,000, and 23,000 filing cabinets for the month of August in the Assembly Department, similar to Exhibit 5. Assuming that inventories are not significant. Enter all amounts as positive numbers. CABINAIRE INC-ASSEMBLY DEPARTMENT Flexible Production Budget For the Month Ending August 31 (assumed data) Units of production 15,000 19,000 23,000 Variable cost:       Direct labor $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Total variable cost $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Fixed cost:       Supervisor salaries $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Depreciation fill in the blank 10 fill in the blank 11 fill in the blank 12 Total fixed cost $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Total department cost $fill in the blank 16 $fill in the blank 17 $fill in the blank 18

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.