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Current Attempt in Progress Concord Company expects to produce 1,304,400 units of Product XX...

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Accounting

Current Attempt in Progress
Concord Company expects to produce 1,304,400 units of Product XX in 2020. Monthly production is expected to range from 86,000 to 130,000 units. Budgeted variable manufacturing costs per unit are: direct materials $5, direct labor $7, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision are $3.
In March 2020, the company incurs the following costs in producing 108,000 units: direct materials $565,000, direct labor $748,000, and variable overhead $1,083,000. Actual fixed costs were equal to budgeted fixed costs.
Prepare a flexible budget report for March. (List variable costs before fixed costs.)
CONCORD COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31,2020
Difference
Favorable Unfavorabls
Budget
Actual Neither Favora nor Unfavoral
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