90.2K

Verified Solution

Link Copied!

Bramble Company estimates that it will produce 7,680 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $18. Monthly budgeted fixed manufacturing overhead costs are $10,240 for depreciation and $4,864 for supervision. In the current month, Bramble actually produced 8,180 units and incurred the following costs: direct materials $49,728, direct labor $97,824, variable overhead $149,280, depreciation $10,240, and supervision $5,120. Prepare a static budget report. Hint: The Budget column is based on estimated production while the Actual column is the actual cost incurred during the period. (List variable costs before fixed costs.)

Bramble Company Static Budget Report
						Difference
		Budget		Actual		Favorable Unfavorable Neither Favorable nor Unfavorable
select an opening static budget report item OverheadFixed CostsTotal Fixed CostsProduction in unitsVariable CostsSupervisionTotal CostsDirect LaborTotal Variable CostsDirect MaterialsDepreciation		enter a number of units		enter a number of units
select an opening name for section one SupervisionDirect LaborTotal CostsTotal Fixed CostsOverheadFixed CostsTotal Variable CostsVariable CostsProduction in unitsDirect MaterialsDepreciation
select an item DepreciationVariable CostsFixed CostsTotal Variable CostsOverheadTotal CostsDirect LaborSupervisionProduction in unitsTotal Fixed CostsDirect Materials		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	select an option Neither Favorable nor UnfavorableFavorableUnfavorable
select an item Direct LaborTotal CostsTotal Fixed CostsFixed CostsSupervisionDirect MaterialsTotal Variable CostsProduction in unitsOverheadVariable CostsDepreciation		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option UnfavorableFavorableNeither Favorable nor Unfavorable
select an item Total Variable CostsOverheadDepreciationDirect LaborFixed CostsSupervisionProduction in unitsVariable CostsDirect MaterialsTotal CostsTotal Fixed Costs		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option Neither Favorable nor UnfavorableUnfavorableFavorable
select a closing name for section one DepreciationTotal Fixed CostsFixed CostsTotal Variable CostsTotal CostsDirect MaterialsVariable CostsOverheadDirect LaborSupervisionProduction in units		enter a total amount for section one		enter a total amount for section one		enter a dollar amount	select an option Neither Favorable nor UnfavorableUnfavorableFavorable
select an opening name for section two Total Fixed CostsSupervisionDirect LaborVariable CostsDirect MaterialsTotal Variable CostsProduction in unitsDepreciationTotal CostsOverheadFixed Costs
select an item SupervisionDirect MaterialsDirect LaborTotal CostsTotal Variable CostsTotal Fixed CostsFixed CostsVariable CostsDepreciationOverheadProduction in units		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option FavorableNeither Favorable nor UnfavorableUnfavorable
select an item Variable CostsOverheadTotal CostsSupervisionProduction in unitsTotal Fixed CostsDirect MaterialsFixed CostsDepreciationTotal Variable CostsDirect Labor		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option Neither Favorable nor UnfavorableFavorableUnfavorable
select a closing name for section two Total Variable CostsOverheadFixed CostsSupervisionDepreciationTotal CostsProduction in unitsVariable CostsDirect MaterialsDirect LaborTotal Fixed Costs		enter a total amount for section two		enter a total amount for section two		enter a dollar amount	select an option FavorableNeither Favorable nor UnfavorableUnfavorable
select a closing static budget report item DepreciationVariable CostsFixed CostsTotal Fixed CostsSupervisionProduction in unitsOverheadTotal Variable CostsTotal CostsDirect LaborDirect Materials		$enter a total amount for this report		$enter a total amount for this report		$enter a total amount for this report	select an option UnfavorableNeither Favorable nor UnfavorableFavorable

Were costs controlled? select an option YesNo

Answer & Explanation Solved by verified expert

See Answer