Problem:
Using the following manufacturing cost per unit, prepare a flexible budget for the company at levels of production of 550, 600, and 650 units.
Direct Materials $6.80
Direct Labor $8.90
Manufacturing Overhead $5.20
Using that data, use the flexible budget that was created and the following actual data, prepare a flexible budget performance report.
Actual Number of Units Produced 650
Actual Direct Materials Costs $4200
Actual Direct Labor Cost $5750
Actual Manufacturing Overhead Costs $3430