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Business, 17.04.2020 21:07 nigdrew123

Wade Company estimates that it will produce 7,000 units of product IOA during the current month. Budgeted variable manufacturing costs per unit are direct materials $7, direct labor $13, and overhead $19. Monthly budgeted fixed manufacturing overhead costs are $8,200 for depreciation and $3,500 for supervision. In the current month, Wade actually produced 7,500 units and incurred the following costs: direct materials $46,207, direct labor $89,300, variable overhead $141,645, depreciation $8,200, and supervision $3,710.

Required:
Prepare a static budget report.

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Wade Company estimates that it will produce 7,000 units of product IOA during the current month. Bud...
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