p10-1a - Name: Date: Instructor: Managerial Accounting, 3rd...

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FileName: 6f887a28045e5408fc6b3e819810025e5197e4bf.xls, Tab: Problem P10-3A, Page 1 of 2, 12/28/2011, 19:02:13 Name: Date: Instructor: Course: CHAMBERS COMPANY Budget Report Packaging Department For the Month Ended May 31, 2005 Manufacturing Costs Budget Actual Variable costs Direct materials $35,000 $37,500 $2,500 Unf Direct labor 50,000 53,000 $3,000 Unf Indirect materials 15,000 15,200 $200 Unf Indirect labor 12,500 13,000 $500 Unf Utilities 7,500 7,100 ($400) Fav Maintenance 5,000 5,200 $200 Unf Total variable 125,000 131,000 6,000 Unf Fixed costs Rent 8,000 8,000 $0 Supervision 9,000 9,000 $0 Depreciation 5,000 5,000 $0 Total fixed 22,000 22,000 $0 Total costs $147,000 $153,000 $6,000 Unf The monthly budget amounts in the report are based on an expected production of 50,000 units per month or 600,000 units per year. The company president was displeased with the department manager's performance. The department manager, who thought he had done a good job, could not understand the unfavorable results. In May, 55,000 units were produced. Instructions: Variable cost per unit is Formula The formula is fixed costs Value Term Value UOM CHAMBERS COMPANY Packaging Department Budget Report (Flexible) For the Month Ended May 31, 2005 Variable costs* Title Formula Formula Formula Text Title Formula Formula Formula Text Title Formula Formula Formula Text Title Formula Formula Formula Text Title Formula Formula Formula Text Title Formula Formula Formula Text Total variable Formula Formula Formula Text Fixed costs Title Amount Amount
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p10-1a - Name: Date: Instructor: Managerial Accounting, 3rd...

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