Rocky Mountain Manufacturing produces a single product. The original budget for November was based on expected production of 18,700 units; actual production for November was 16,082 units. The original budget and actual costs incurred for the manufacturing department follow:
|
Original Budget |
Actual Costs |
| Direct materials |
$ |
280,500 |
$ |
250,635 |
| Direct labor |
|
205,700 |
|
180,928 |
| Variable overhead |
|
125,290 |
|
103,014 |
| Fixed overhead |
|
84,900 |
|
86,225 |
|
|
|
|
|
| Total |
$ |
696,390 |
$ |
620,802 |
|
|
|
|
|
|
| Required: |
|
Prepare an appropriate performance report for the manufacturing department. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations and round final answers to nearest whole dollar amount. Omit the "$" sign in your response.)
|
| Item |
Original Budget
(18,700 units) |
Flexed Budget
(16,082 units) |
Actual Cost |
Variance |
| Direct Materials |
$ |
|
$ |
|
$ |
|
$ |
|
(Click to select)NoneUF |
| Direct Labor |
$ |
|
$ |
|
$ |
|
$ |
|
(Click to select)NoneFU |
| Variable Overhead |
$ |
|
$ |
|
$ |
|
$ |
|
(Click to select)NoneFU |
| Fixed Overhead |
$ |
|
$ |
|
$ |
|
$ |
|
(Click to select)FNoneU |
| Total |
$ |
|
$ |
|
$ |
|
$ |
|
(Click to select)UNoneF |
|