Provide a flexible budget performance report

Reference no: EM13154478

Please provide a flexible budget performance report for March. Please omit headings other than descriptive columnar headings.

Flexible Budget

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 80,000 labor hours were

worked, are as follows:

Master Budget March Actual

Variable:

Indirect labor $225,000 $20,700

Indirect materials 1,350,000 119,000

Other 900,000 81,800

Fixed:

Supervision 420,000 34,000

Depreciation 750,000 62,500

Other 600,000 52,000

Instructions: Prepare a flexible budget performance report for March.

Omit headings other than descriptive columnar headings.

Reference no: EM13154478

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