Brief Exercise 10-5 Gundy Company expects to produce 1,304,400 units of Product XX in 2017. Monthly...

Brief Exercise 10-5

Gundy Company expects to produce 1,304,400 units of Product XX in 2017. Monthly production is expected to range from 85,600 to 128,600 units. Budgeted variable manufacturing costs per unit are: direct materials $5, direct labor $7, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision are $3.

In March 2017, the company incurs the following costs in producing 107,100 units: direct materials $560,500, direct labor $741,700, and variable overhead $1,074,000. Actual fixed costs were equal to budgeted fixed costs.

Prepare a flexible budget report for March. (List variable costs before fixed costs.)

GUNDY COMPANY
Manufacturing Flexible Budget Report
For the Month Ended March 31, 2017
Difference
Budget
Actual
Favorable
Unfavorable
Neither Favorable
nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced
$
$
$

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced
$
$
$

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Depreciation
Direct Labor
Direct Materials
Fixed Costs
Overhead
Supervision
Total Costs
Total Fixed Costs
Total Variable Costs
Variable Costs
Units Produced
$
$
$

Favorable
Unfavorable
Neither Favorable nor Unfavorable

Were costs controlled?

Yes
No

Expert Solution

ekkarill92 answered 1 year ago

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