Cullumber Company expects to produce 1,320,000 units of product XX in 2022. Monthly production is...
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Cullumber Company expects to produce 1,320,000 units of product XX in 2022. Monthly production is expected to range from 89,400 to 133,200 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $3, direct labor $6, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $4, and for supervision, $1.In March 2022, the company incurred the following costs in producing 111,300 units: direct materials $359,900, direct labor $661,800, and variable overhead $1,119,000. Actual fixed overhead equaled budgeted fixed overhead.
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