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Prepare a flexible budget performance report for march

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Reference no: EM131781982

Question - Mitchell Company uses a flexible budget for overhead based on direct labor hours (DLH). Master budget figures, based on 900,000 direct labor hours, and actual overhead for March, when 88,000 labor hours were worked, are as follows:

Variable:

Indirect Labor- $315,000 (Master Budget) $32,000 (March Actual)

Indirect Materials- $1,800,000 (Master Budget) $174,000 (March Actual)

Other- $1,215,000 (Master Budget) $121,000 (March Actual)

Fixed:

Supervision- $540,000 (MB) $44,000 (MA)

Depreciation- $1,020,000 (MB) $85,000 (MA)

Other- $810,000 (MB) $71,000 (MA)

Prepare a flexible budget performance report for March.

Reference no: EM131781982

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