Wade Company expects to produce 6,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $8,300 for depreciation and $4,000 for supervision. In the current month, Wade produced 6,500 units and incurred the following costs: direct materials $30,270, direct labour $74,000, variable overhead $127,656, depreciation $8,300, and supervision $4,224. Prepare a static budget report. (List variable costs before fixed costs.)

Wade Company expects to produce 6,000 units of product IOA during the current year. Budgeted variable manufacturing costs per unit are direct materials $5, direct labour $12, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $8,300 for depreciation and $4,000 for supervision. In the current month, Wade produced 6,500 units and incurred the following costs: direct materials $30,270, direct labour $74,000, variable overhead $127,656, depreciation $8,300, and supervision $4,224. Prepare a static budget report. (List variable costs before fixed costs.)

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 17P: Shinto Corp. uses a standard cost system and manufactures one product. The variable costs per...

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