Acct344 Devry Cost Accounting: (TCO 5) The Baxter Corporation has the following

Acct344 Devry Cost Accounting
6. (TCO 5) The Baxter Corporation has the following budgeted and actual results.
Budgeted data Actual results
Unit sales 35,000 Unit sales 36,000
Unit production 35,000 Unit production 37,000
Fixed overhead Fixed overhead
Supervision 25,000 Supervision 23,500
Depreciation 40,000 Depreciation 40,000
Rent 20,000 Rent 20,000
Variable costs per unit Variable costs
Direct materials 25.00 Direct materials 900,000
Direct labor 26.00 Direct labor 950,000
Supplies 0.25 Supplies 9,000
Indirect labor 1.30 Indirect labor 50,000
Electricity 0.20 Electricity 7,500

Required:
Prepare a performance report for all costs, showing static budget variances (indicate F or U).
(Points : 30)
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