GUNDY COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31,

Question

GUNDY COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual nits Produce 108700 08700 Overhead rect Materia $434800 458800 24000 nfavorable rect Labor 52200 43200 000Favorable Variable Costs nfavorable Total Variable Cost nfavorable Supervision epreciation 652200 434800 either Favorable nor Unfavorabl pervisio 108700 108700 either Favorable nor Unfavorabl otal Fixed Cost 760900 543500 either Favorable nor Unfavorabl otal Costs nfavorable Were costs controlled?

Explanation / Answer

Budget Actual Difference Units produced 108,700 108,700 Variable costs direct materials 434800 458,800 24,000 U direct labor 652200 643,200 9,000 F overhead 1195700 1,203,700 8,000 U total variable costs 2282700 2,305,700 23,000 U fixed expenses Depreciation 624000 624,000 0 N supervision 104000 104,000 0 N total fixed costs 728000 728,000 0 N total costs 3010700 3,033,700 23,000 U budgeted fixed overhead =1,248,000*6/12 = 624000 supervision = (1248000/12)*1 104000

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