Case Products manufactures two models of DVD storage cases: regular and deluxe. Presented is standard cost information for each model:
Cost Components Regular Deluxe
Direct materials
Acrylic sheets 3 sheets x $12 = $36.00 5 sheets x $12 = $60.00
Assembly kit = 5.00 = 5.00
Direct labor 0.5 hour x $20 = 10.00 0.75 hours x $20 = 15.00
Variable overhead 0.5 labor hr. x $5 = 2.50 0.75 labor hrs. x $5 = 3.75
Total $ 53.50 $83.75
Budgeted fixed manufacturing overhead is $46,000 per month. During July, the company produced 8,000 regular and 3,500 deluxe storage cases while incurring the following manufacturing costs:
Direct materials $561,300
Direct labor 130,800
Variable overhead 34,625
Fixed overhead 48,150
Total $774,875
Prepare a flexible budget performance report for the July manufacturing activities.
CASE PRODUCTS
Manufacturing Activities Performance Report
For the Month of July
Actual Flexible Budget Flexible Budget Variance
Volume
Regular Answer Answer
Deluxe Answer Answer
Variable Costs
Direct materials
Acrylic sheets
Regular Answer
Deluxe Answer
Assembly kits
Regular Answer
Deluxe Answer
Total
Answer Answer Answer AnswerFU
Direct labor
Regular Answer
Deluxe Answer
Total Answer Answer Answer AnswerFU
Variable overhead
Regular Answer
Deluxe Answer
Total Answer Answer Answer AnswerFU
Fixed overhead Answer Answer Answer AnswerFU
Total Answer Answer Answer AnswerFU
Please answer all parts of the question.