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Reuse Products, LLC, manufactures plastic beverage bottles. The division that man- ufactures water bottles for the North American market has two plants that operate 24 hours a day, 365 days a year. The plants are evaluated as cost centers. Small tools and supplies are considered variable overhead. Depreciation and rent are considered fixed overhead. For the month, the master budget for a plant and the actual operating results of the two North American plants, North and South, follow.
Cost Category (Variable Unit Cost)
Master Budget
north Actual
south Actual
Center costs:
Plastic pellets ($0.009)
$4,500,000
$3,880,000
$5,500,000
Caps ($0.004)
2,000,000
1,990,000
Direct labor ($0.002)
1,000,000
865,000
1,240,000
Small tools and supplies ($0.0005)
250,000
198,000
280,000
Depreciation and rent
450,000
440,000
480,000
Total cost
$8,200,000
$7,373,000
$9,500,000
Performance measures:
Bottles processed per hour
69,450
62,000
70,250
Average daily pounds of scrap
5
6
7
Bottles processed (in millions)
500
450
520
Required:
1. Prepare a performance report for the North plant. Include a flexible budget and variance analysis.
2. Prepare a performance report for the South plant. Include a flexible budget and variance analysis.
3. Compare the two plants, and comment on their performance.
4. Explain why a flexible budget should be prepared.
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