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Bugis Bags uses an annual flexible budget based on standard direct machine hours for the following factory over-head items Fixed Cost Variable Cost per direct machine hour Supplies $16,000 $0.30Electricity 19,600 0.20Indirect Labor 24,400 1.10
During the year, 15000 direct machine hours were recorded for the production achieved. The following actual costs were incurred:
Variable Costs:
Supplies $4800 Electricity 2900 Indirect Labor 17200
Fixed Costs:
Supplies $16500 Electricity 18800 Indirect Labor 24400
Required
Question A. Why is a flexible budget performance report a better basis for assessing a manager's performance than a fixed budget performance report?
Question B. Prepare flexible budget for the three cost items using 12000, 15000 and 18000 direct machine hours.
Question C. Prepare flexible budget performance report for the three cost items, based on the actual results for the year.
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