Gundy Company expects to produce 1,250,520 units of Product XX in 2014. Monthly

timer Asked: Dec 16th, 2014

Question description

Gundy Company expects to produce 1,250,520 units of Product XX in 2014. Monthly production is expected to range from 85,650 to 116,370 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $2.

In March 2014, the company incurs the following costs in producing 101,010 units: direct materials $433,050, direct labor $599,100, and variable overhead $1,015,436. Actual fixed costs were equal to budgeted fixed costs.

Prepare a flexible budget report for March.

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