5. Skelton Corporation had planned to produce 50,000 units of
product during the first quarter of the current year. The company
prepared the following budget on May 1:
Budgeted
(50,000 units)
Variable costs:
Direct materials used
$
36,000
Direct labor
45,000
Variable overhead
22,500
Fixed costs:
Manufacturing overhead
58,500
Total manufacturing costs
$
162,000
-
During the first quarter, Skelton produced 60,000 units and
incurred total manufacturing costs of $184,000.
For the 2 questions, below, asked, show your calculations to...