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Cullumber Company expects to produce 1,320,000 units of product XX in 2022. Monthly production is...

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Accounting

Cullumber Company expects to produce 1,320,000 units of product XX in 2022. Monthly production is expected to range from 70,600 to 104,200 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $3, direct labour $7, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $3.In March 2022, the company incurs the following costs in producing 87,400 units: direct materials $288,200, direct labour $602,800 and variable overhead $964,400. Actual fixed overhead equalled budgeted fixed overhead.

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