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Prepare a flexible budget performance report for the july

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Reference no: EM131911371

Question - Multiple product performance report

Storage Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model.

Cost components

Regular

Deluxe

Direct materials lumber

2 board feet X $3= $6

3 board feet X $3= $9

Assembly kit

=2

=2

Direct labor

1 hour X $4= 4

1.25 hours X $4= 5

Variable overhead

1 labor hr X $2= 2

1.25 labor hrs X $2= 2.50

Total

$14

$18.50

Budgeted fixed manufacturing overhead is $15,000 per month. During July, the company produced 5,000 regular and 3,000 deluxe storage cases while incurring the following manufacturing costs:

Direct materials...$80,000

Direct labor....$36,000

Variable overhead...$14,000

Fixed overhead...$17,500

Total......$147,500

Required: Prepare a flexible budget performance report for the July manufacturing activities.

Reference no: EM131911371

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