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Compute the master budget for total manufacturing costs

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Reference no: EM132955620

Kawasaki Supplies Corp. has developed the following cost standards for one of its products:

Variable manufacturing overhead         Fixed manufacturing overhead

$15.00 per unit $25.00 per unit                   $20.00 per unit $500,000

Problem a. The company expects to make 1,000 units of this product for 2019. Compute the master budget for total manufacturing costs related to this product.

Problem b. The actual production for 2019 turns out to be 900 units. Compute the flexible budget for total manufacturing costs of this product. What is the associated volume variance for total manufacturing costs? Is this variance favorable or unfavorable?

Problem c. The actual direct material cost for the product for 2019 is $14,200. What is the variance for direct material cost that is not directly related to the variance of production volume? Is this variance favorable or unfavorable?

Reference no: EM132955620

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