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Prepare a performance report for july 2014 to compare the

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Reference no: EM13567225

Rose Corporation provides you the following budgeted cost information for July, 2014.

Budgeted variable costs

Per unit

     Direct materials

$5

     Direct labor

$4

     Overhead

$8

Budgeted fixed overhead

$90,000

The company has a normal capacity of producing 9,000 units. However, in July, the company produced 9,500 units by incurring the following costs.

Actual variable costs

Per unit

     Direct materials

$57,000

     Direct labor

$47,500

     Overhead

$57,000

Actual fixed overhead

$85,000

Prepare a performance report for July, 2014, to compare the data from Rose's flexible budget with the actual costs incurred. Also find if costs are under or over budgeted.

Reference no: EM13567225

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