A company called Flex prepares two labour budgets at the start of a period. They...
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Accounting
A company called Flex prepares two labour budgets at the start of a period. They were unsure as to whether they would produce and sell 1,000 units or 1,200 units.
Budgeted costs based on the two levels of productions are as follows;
| Budgeted Units | Total Labour Cost |
|---|---|
| 1,000 units | 12,000 |
| 1,200 units | 14,000 |
The actual units produced and sold were 1,120 and the total actual labour cost was 13,250
What values should Flex use when preparing their budget?
Fixed overheads Answer 1 show value to the nearest unit with no zeros and no sign e.g 45
Variable Overheads per unit Answer 2 show value to the nearest 1000 with no zeros and no sign e.g 8000
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