Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cheyenne company expects to produce 1,056,000 unit

Cheyenne Company expects to produce 1,056,000 units of Product XX in 2022. Monthly production is...

60.1K

Verified Solution

Question

Accounting

image
image
image
Cheyenne Company expects to produce 1,056,000 units of Product XX in 2022. Monthly production is expected to range from 70,400 to 105,600 units Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 88,000 units: direct materials $457,600, direct labor $524,480, and variable overhead $708,400. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March (List variable costs before fixed costs.) Manufacturing Flexible Budget Report Differenc Favorable Unfavorab Neither Favor nor Unfavora Budget Actual > > $ $ Were costs controlled

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students