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A company called Flex prepares two labour budgets at the start of a period. They...

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Accounting

A company called Flex prepares two labour budgets at the start of a period. They were unsure as to whether they would produce and sell 1,000 units or 1,200 units.

Budgeted costs based on the two levels of productions are as follows;

Budgeted Units Total Labour Cost
1,000 units 12,000
1,200 units 14,000

The actual units produced and sold were 1,120 and the total actual labour cost was 13,250

What values should Flex use when preparing their budget?

Fixed overheads Answer 1 show value to the nearest unit with no zeros and no sign e.g 45

Variable Overheads per unit Answer 2 show value to the nearest 1000 with no zeros and no sign e.g 8000

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