Rocky Mountain Manufacturing produces a single product. The original budget for

Question

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:

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.)

Accounting

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:

Explanation / Answer

Item Original Budget Flexed Budget Actual Cost Variance (18,700 units) (16,082 units) Direct Materials $        280,500 $    241,230 $ 250635 $         9,405 U Direct Labor $        205,700 $    176,902 $ 180928 $         4,026 U Variable Overhead $        125,290 $    107,749 $ 103014 $         4,735 F Fixed Overhead $           84,900 $      84,900 $ 86225 $         1,325 U Total $        696,390 $    610,781 $ 620802 $      10,021 U

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