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Exercises E20-2, E20-5, BE21-4, and E22-5
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Preview: ... t for depreciation are $2 and for supervision are $1. Complete the flexible manufacturing budget for the relevant range value using 20,000 unit increments. HANNON COMPANY Monthly Flexible Manufacturing Budget For the Year 2010 Activity level 80,000 100,000 120,000 Finished goods Variable costs Direct materials $320,000 $400,000 $480,000 Direct labor 480,000 600,000 720,000 Overhead 640,000 800,000 960,000 Total variable costs $1,440,000 $1,800,000 $2,160,000 Fixed costs Depreciation 200,000 200,000 200,000 Supervision 100,000 100,000 100,000 Total fixed costs 300,000 300,000 300,000 Total costs $1,740,000 $2,100,000 $2,460,000 Depreciation: $2 × 1,200,000 ÷ 12 Supervision: $1 × 1,200,000 ÷ 12 Question 4 Compute the total materials variance and the price and quantity variances. Total materials variance $3,400 Favorable Materials price variance $8,400 Favorable Materials quantity variance ...
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