Gundy Company expects to produce 1,304,400 units of Product XX in 2017. Monthly production is...
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Accounting
Gundy Company expects to produce 1,304,400 units of Product XX in 2017. Monthly production is expected to range from 86,500 to 126,300 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision are $1.
In March 2017, the company incurs the following costs in producing 106,400 units: direct materials $452,600, direct labor $741,800, and variable overhead $965,600. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March.
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