Flexible Budget
Connor Company’s budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attache case are $40, $8, $12, respectively. The president is pleased with the following performance report.
| Actual Costs | Static Budget | Variance | |
| Direct materials | 364,000 | 400,000 | 36,000 F |
| Direct manufacturing labor | 78,000 | 80,000 | 2,000 F |
| Direct marketing (distribution)labor | 110,000 | 120,000 | 10,000 F |
48,000 F
Actual output was 8,800 attache cases. Assume all three direct-cost items above are variable costs.
Is the president’s pleasure justified? Prepare revised performance report that uses flexible budget and a static budget.
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