Evaluation report that uses flexible and static budget

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The budgeted costs for Connor Company for direct materials, direct production labor and direct distribution labor are $40, $8 and $12, respectively. The vice-president is deeply satisfied with the following performance report: Real Costs Master Static Budget Variation Direct Materials $364,000 $400,000 $36,000 F DL Production 78,000 80,000 2,000 F DL Distribution 110,000 120,000 10,000 F The real number of units produced was 8,000. Prepare a performance evaluation report that uses a flexible and a static budget. Please assume that all the costs are variable. (The variance analysis detail is not required for this question). Is the vice-president’s satisfaction justified (answer after you complete part a.)?

Reference no: EM131828966

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