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Prepare a flexible budget analysis of production costs

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Question - The following budgeted and actual volume and cost data are for January of this year:

Budget

Actual

Volume

20,000

18,000

Budgeted manufacturing costs:

Variable costs per unit:

Direct materials

$40.00

Direct labor

12.00

Overhead

2.25

Total fixed overhead costs

$150,000

Actual manufacturing costs:

Direct materials

$1,320,000

Direct labor

396,000

Variable overhead

82,000

Fixed overhead

175,000

a. Prepare a static budget analysis of production costs for January of this year. 

b. Prepare a flexible budget analysis of production costs for January of this year.

Reference no: EM131811592

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