Brief Exercise 22-4 GUNDY COMPANY Monthly Flexible Manufacturing Budget For the

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Brief Exercise 22-4

GUNDY COMPANY
Monthly Flexible Manufacturing Budget
For the Year 2017

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Brief Exercise 22-4

Gundy Company expects to produce 1,222,800 units of Product XX in 2017. Monthly production is expected to range from 77,900 to 114,700 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $3.

Prepare a flexible manufacturing budget for the relevant range value using 18,400 unit increments. (List variable costs before fixed costs.)

GUNDY COMPANY
Monthly Flexible Manufacturing Budget
For the Year 2017

Total Fixed CostsFixed CostsOverheadTotal CostsDepreciationFinished UnitsDirect LaborDirect MaterialsSupervisionTotal Variable CostsVariable CostsActivity Level

Fixed CostsTotal CostsActivity LevelDirect MaterialsFinished UnitsTotal Fixed CostsDepreciationDirect LaborOverheadSupervisionTotal Variable CostsVariable Costs

Finished UnitsActivity LevelDepreciationOverheadDirect LaborSupervisionDirect MaterialsFixed CostsTotal CostsVariable CostsTotal Fixed CostsTotal Variable Costs

Total Variable CostsDepreciationDirect MaterialsDirect LaborVariable CostsActivity LevelSupervisionTotal Fixed CostsFinished UnitsTotal CostsFixed CostsOverhead

$

$

$

Activity LevelFinished UnitsSupervisionTotal CostsDepreciationTotal Variable CostsDirect LaborVariable CostsOverheadDirect MaterialsFixed CostsTotal Fixed Costs

Total Variable CostsTotal CostsTotal Fixed CostsDirect LaborOverheadDirect MaterialsActivity LevelFinished UnitsDepreciationSupervisionFixed CostsVariable Costs

Direct MaterialsDepreciationDirect LaborFinished UnitsFixed CostsOverheadVariable CostsSupervisionTotal CostsTotal Fixed CostsTotal Variable CostsActivity Level

$

$

$

Total CostsDirect LaborDepreciationVariable CostsTotal Fixed CostsTotal Variable CostsFinished UnitsActivity LevelDirect MaterialsFixed CostsOverheadSupervision

Fixed CostsActivity LevelTotal CostsDirect LaborFinished UnitsTotal Fixed CostsTotal Variable CostsVariable CostsDirect MaterialsOverheadDepreciationSupervision

Fixed CostsSupervisionVariable CostsOverheadTotal CostsDepreciationFinished UnitsTotal Fixed CostsTotal Variable CostsActivity LevelDirect LaborDirect Materials

DepreciationTotal Fixed CostsVariable CostsDirect MaterialsFinished UnitsTotal CostsActivity LevelDirect LaborFixed CostsOverheadSupervisionTotal Variable Costs

DepreciationTotal CostsTotal Variable CostsDirect LaborActivity LevelOverheadFinished UnitsTotal Fixed CostsVariable CostsDirect MaterialsFixed CostsSupervision

$

$

$

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Explanation / Answer

Activity Level Finished Units 77900 96300 114700 Variable costs: Direct materials 389500 481500 573500 Direct labor 467400 577800 688200 Overhead 701100 866700 1032300 Total Variable Costs 1558000 1926000 2294000 Fixed Costs: Depreciation 611400 611400 611400 Supervision 305700 305700 305700 Total Fixed Costs 917100 917100 917100 Total Costs 2475100 2843100 3211100

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