Exercise 10-15 Expected manufacturing costs for Speedway Data Devices are as fol

Question

Exercise 10-15 Expected manufacturing costs for Speedway Data Devices are as follows Variable Costs Fixed Costs per Month Direct material $8.00/unit Supervisory salaries $18,000 Direct labor Variable overhead 2.30/unit Other factory costs 3,400 3.90/unit Factory depreciation 10,400 During the period, Speedway produced 12,900 units and incurred the following costs Variable Costs Fixed Costs per Month Supervisory salaries Direct material Direct labor Variable overhead $100,100 $18,340 55,130 Factory depreciation 9,420 3,880 29,230 Other factory costs Prepare a performance report for Speedway Data Devices. (List variable costs before fixed costs. Enter unfavorable variances using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Flexible Budget Actual Difference

Explanation / Answer

Flexible Budget Actual Difference Number of Units            12,900            12,900                      -   Variable Cost Direct Material         103,200          100,100               3,100 Direct Labour            50,310            55,130             (4,820) Variable Overhead            29,670            29,230                   440 Total Variable cost         183,180          184,460             (1,280) Fixed costs Supervisor salary            18,000            18,340                (340) Depreciation            10,400               9,420                   980 Other Fixed costs              3,400               3,880                (480) Total Fixed Costs            31,800            31,640                   160 Total Overhead         214,980          216,100             (1,120)

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