Problem - Point, Inc. produces men's shirts. The following budgeted and actual amounts are for 2016:
|
Cost
|
Budget at 2,500 units
|
Actual Amounts at 2,800 units
|
|
Direct materials
|
$65,000
|
$75,000
|
|
Direct labor
|
70,000
|
78,000
|
|
Fixed overhead
|
35,000
|
34,500
|
Prepare performance report for Point, Inc. for the year.