FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Point, Inc. produces men's shirts. The following budgeted and actual amounts are for 2019:
Cost
Budget at 3,000 units Actual Amounts at 2,800 units
$75,000
87,000
Direct materials
Direct labor
Fixed overhead
Instructions
Prepare a performance report for Point, Inc. for the year.
Direct materials
Direct labor
Fixed overhead
Total costs
F3 + F4 Ⓡ
3 # 4 $
F5
36,000
5 %
F6
Budget
F7 C
Manufacturing Performance Budget Report
For the Year Ended December 31, 2019
6 A
POINT, INC.
Search
F8
$75,000
7 &
78,000
34,500
0:
Actual
F9 60
8 *
Differences F/U
LG
F10
9 (
F11 -
0)
F12 +
Prt Sc
ScrLk
Ins
= +
expand button
Transcribed Image Text:Point, Inc. produces men's shirts. The following budgeted and actual amounts are for 2019: Cost Budget at 3,000 units Actual Amounts at 2,800 units $75,000 87,000 Direct materials Direct labor Fixed overhead Instructions Prepare a performance report for Point, Inc. for the year. Direct materials Direct labor Fixed overhead Total costs F3 + F4 Ⓡ 3 # 4 $ F5 36,000 5 % F6 Budget F7 C Manufacturing Performance Budget Report For the Year Ended December 31, 2019 6 A POINT, INC. Search F8 $75,000 7 & 78,000 34,500 0: Actual F9 60 8 * Differences F/U LG F10 9 ( F11 - 0) F12 + Prt Sc ScrLk Ins = +
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