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p10-3b - Name Date Instructor Course Managerial Accounting...

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FileName: e6598bf848bb1b34ae15483e79ad98767358a52a.xls, Tab: Problem P10-3B, Page 1 of 2, 12/28/2011, 19:02:16 Name: Date: Instructor: Course: YAEGER COMPANY Budget Report Assembling Department For the Month Ended August 31, 2005 Manufacturing Costs Budget Actual Variable costs Direct materials $48,000 $47,000 ($1,000) Fav Direct labor 66,000 62,700 ($3,300) Fav Indirect materials 24,000 24,200 $200 Unf Indirect labor 18,000 17,500 ($500) Fav Utilities 15,000 14,900 ($100) Fav Maintenance 9,000 9,200 $200 Unf Total variable 180,000 175,500 (4,500) Fav Fixed costs Rent 12,000 12,000 $0 Supervision 17,000 17,000 $0 Depreciation 7,000 7,000 $0 Total fixed 36,000 36,000 $0 Total costs $216,000 $211,500 ($4,500) Fav The monthly budget amounts in the report are based on an expected production of 60,000 units per month or 720,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however is unhappy with the results for August, because only 58,000 units were produced. Instructions: Variable cost per unit is Formula The formula is fixed costs Value Text Value UOM YAEGER COMPANY Assembling Department Budget Report (Flexible) For the Month Ended August 31, 2005 Variable costs* Title Formula Amount Formula Text Title Formula Amount Formula Text Title Formula Amount Formula Text Title Formula Amount Formula Text Title Formula Amount Formula Text Title Formula Amount Formula Text Title Formula Formula Formula Text Fixed costs Title Amount Amount Formula Text Title
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