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Do It! Review 23-01 Coronado Company estimates that it will prodice 7,000 units of product...

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Accounting

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Do It! Review 23-01 Coronado Company estimates that it will prodice 7,000 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $12. Monthly budgeted feed manufacturing overhead costs are $7,600 for depreciation and $3,700 for supervision. In the current month, Coronado actually produced 7,500 units and incurred the following costs: direct materials $46,011, direct labor $19,900, variable overhead $127.568, depreciation $7,600, and supervision $3,996. Prepare a static budget report. Hint: The Budget column is based on estimated production while the actual column is the actual cost incurred during the period. (List variable costs before fixed costs.) Coronado Company Statke Budget Report Favorable Unfavorable Budget Actual or favorable CALCULATOR PRINTER VERSION BLACK NEXT Budget Actual Neither Favorable nor Unfavorable Were costs controled

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