Blossom, Inc. prepared the following master budget items for July 34,000 units P

Question

Blossom, Inc. prepared the following master budget items for July 34,000 units Production and sales Variable manufacturing costs: Direct materials Direct labor Variable manufacturing overhead 34,000 68,000 85,000 160,000 Fixed manufacturing costs Total manufacturing costs 347,000 During July, Blossom actually sold 40,000 units. Prepare a flexible budget for Blossom based on actual sales. (Do not round your intermediate calculations.) Production and Sales Units Variable Manufacturing Costs: Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Costs Total Manufacturing Costs Type here to search

Explanation / Answer

Prepare flexible budget :

Production and sales 40000 units Variable manufacturing costs Direct material (40000*1) 40000 Direct labour (40000*2) 80000 Variable manufacturing overhead (40000*2.5) 100000 Fixed manufacturing costs 160000 Total manufacturing cost 380000

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