20 acct questions 2

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Swifty Company expects to produce 1,464,000 units of Product XX in 2022. Monthly production is expected to range from 97,600 to 146,400 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted �xed manufacturing costs per unit for depreciation are $2 and for supervision are $1.

In March 2022, the company incurs the following costs in producing 122,000 units: direct materials $634,400, direct labor $727,120, and variable overhead $982,100. Actual �xed costs were equal to budgeted �xed costs.

Prepare a �exible budget report for March. (List variable costs before �xed costs.)

SWIFTY COMPANY Manufacturing Flexible Budget Report

Difference

Budget Actual

Favorable Unfavorable

Neither Favorable nor Unfavorable

221 Exam 3 Ch 22-25

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$ $ $

$ $ $

Were costs controlled? 

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221 Exam 3 Ch 22-25

Question 18 of 20 - / 7.5

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Question 18 of 20 - / 7.5