Question 13

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 13

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Carla Vista Clothing produces men's athletic socks. The following budgeted and actual amounts are for 2022:
Budget at 5,900 Units
Actual Amounts at 6,700 Units
1500
Direct materials
$70,800
$82,020
Direct labor
88,500
99,920
Equipment depreciation
Indirect labor
8,850
Indirect materials
10,620
060
Rent and insurance
069
Prepare a flexible budget report for Carla Vista Clothing for the year.
CARLA VISTA CLOTHING
Manufacturing Flexible Budget Report
For the Year Ended December 31, 2022
Differences
Favorable (F)
Unfavorable (U).
Not Applicable (NA
Budget
Actual
$.
eTextbook and Media
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Transcribed Image Text:%24 %24 64 > > > > > >> Carla Vista Clothing produces men's athletic socks. The following budgeted and actual amounts are for 2022: Budget at 5,900 Units Actual Amounts at 6,700 Units 1500 Direct materials $70,800 $82,020 Direct labor 88,500 99,920 Equipment depreciation Indirect labor 8,850 Indirect materials 10,620 060 Rent and insurance 069 Prepare a flexible budget report for Carla Vista Clothing for the year. CARLA VISTA CLOTHING Manufacturing Flexible Budget Report For the Year Ended December 31, 2022 Differences Favorable (F) Unfavorable (U). Not Applicable (NA Budget Actual $. eTextbook and Media Attempts: 0 dof 3 used Submit Answer hp
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