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Jansen Corporation's data concerning the company's monthly revenues and costs appear below.
Variable Cost Formula
Fixed Cost Formula
Revenue
$15.00/unit
Costs of material
$7.25/unit
Wages and salaries
$20,000
Utilities
$0.45/unit
$1,200
Rent
$10,000
Miscellaneous
$0.90/unit
$2,000
Required:
a) Prepare the company's planning budget assuming that 10,000 units were manufactured.
b) Assume that 9,900 units were actually manufactured. Prepare the flexible budget for this level of activity.
c) Prepare a flexible budget performance report for the company using the actual income statement information shown below.
$149,200
Costs of materials
73,200
Salaries
19,500
5,800
10,000
12,000
The department actually completed 5,000 hours of production. Find out the budget for the department assuming that it uses flexible budgeting?
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