Pharaoh Company expects to produce 1,200,000 units of product XX in 2022. Monthly production is expected to range from 85,600 to 128,600 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $3. In March 2022, the company incurs the following costs in producing 107,100 units: direct materials $560,500, direct labour $741,700, and variable overhead $1,074,000. Actual fixed overhead equalled budgeted fixed overhead. prepare a flexible budget report for march. List variable cost before fixed costs)
Pharaoh Company expects to produce 1,200,000 units of product XX in 2022. Monthly production is expected to range from 85,600 to 128,600 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $3. In March 2022, the company incurs the following costs in producing 107,100 units: direct materials $560,500, direct labour $741,700, and variable overhead $1,074,000. Actual fixed overhead equalled budgeted fixed overhead. prepare a flexible budget report for march. List variable cost before fixed costs)
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter19: Support Department And Joint Cost Allocation
Section: Chapter Questions
Problem 2CMA: Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing...
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text:Pharaoh Company expects to produce
1,200,000 units of product XX in 2022.
Monthly production is expected to range
from 85,600 to 128,600 units. Budgeted
variable manufacturing costs per unit are
as follows: direct materials $5, direct labour
$7, and overhead $10. Budgeted fixed
manufacturing costs per unit for
depreciation are $4 and for supervision $3.
In March 2022, the company incurs the
following costs in producing 107,100 units:
direct materials $560,500, direct labour
$741,700, and variable overhead
$1,074,000. Actual fixed overhead equalled
budgeted fixed overhead.
prepare a flexible budget report for march.
List variable cost before fixed costs)
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