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Sarasota Company estimates that it will produce 7,000 units of product IOA during the current...

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Accounting

Sarasota Company estimates that it will produce 7,000 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $11, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $7,900 for depreciation and $4,000 for supervision.
In the current month, Sarasota actually produced 7,500 units and incurred the following costs: direct materials $31,710, direct labor $76,000, variable overhead $134,694, depreciation $7,900, and supervision $4,240.
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.)
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