Pronghorn Company expects to produce 1,248,000 units of Product XX in 2022. Monthly production is expected to range from 83,200 to 124,800 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted foxed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 104,000 units: direct materials $540,800, direct labor $619,840, and variable overhead $837,200. Actual foxed costs were equal to budgeted foxed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs) > > > Budget PRONGHORN COMPANY Manufacturing Flexible Budget Report Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable 0000

Pronghorn Company expects to produce 1,248,000 units of Product XX in 2022. Monthly production is expected to range from 83,200 to 124,800 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted foxed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 104,000 units: direct materials $540,800, direct labor $619,840, and variable overhead $837,200. Actual foxed costs were equal to budgeted foxed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs) > > > Budget PRONGHORN COMPANY Manufacturing Flexible Budget Report Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable 0000

Name: A190 Pronghorn Company expects to produce 1,248,000 units of Product X
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Description: A190 Pronghorn Company expects to produce 1,248,000 units of Product XX in 2022. Monthly production is expected to rangefrom 83,200 to 124,800 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhea

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter16: Job Order Costing

Section: Chapter Questions

Problem 4CMA: Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and...

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Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and administrative costs next year. Direct labor costs at 5 per hour are expected to total 50,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 20 hours of direct labor? a. 120 b. 260 c. 28 d. 140
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Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variable manufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annual budgeted fixed manufacturing overhead costs are P96,000 for depreciation and P45,000 for supervision. In February, Shalom produced 6,000 units and incurred the following costs: direct materials P38,900, direct labor P70,200, variable overhead P116,500, depreciation P8,000, and supervision P4,000. In your flexible budget performance report, identify the difference between budgeted and actual costs and indicate as favorable or unfavorable. Amounts must be in whole numbers. Format should be: 8,000 F or 8,000 UF direct labor
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