Budget Performance Report Warwick Bottle Company (WBC) manufectures plastic two-

Question

Budget Performance Report Warwick Bottle Company (WBC) manufectures plastic two-lifter bottles for the beverage industry. The cost standards per 100 two-lter bottles are as follons: O Cost Category Standard Cost per 100 Two-Liter 1.22 6.18 0.36 $7.76 Direct labor Direct materials OFectory ovedhead O Total At the beginning of March, WDC management planned to produce 670,000 bottles. The actual number of bottles produced for March was 720,000 bottles. The actual costs for March of the current year were as follows: Actual Cost for the Month Ended March 31, 2014 Cost Category Direct labor Direct materials Factory overheed $8,610 43,430 2,620 $54,660 Total Enter all amounts as positive numbers. Hitty . Prepare the March manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for WeC, assuming planned production. Warwick Bottle Company Manufacturing Cost Budget For the Manth Ended March 31,2014 Standard Cost at Planned volame 1670.000

Explanation / Answer

2)

Manufacturing cost -budget performance report Actual standard cost cost variance Manufacturing cost Direct material 43430 44496 [720000*6.18/100] - 1066F Direct labor 8610 8784 [720000*1.22/100] -174 F Factory overhead 2620 2592   [720000*.36/100] 28 U Total manufacturing cost 54660 55872 -1212 F

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.