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Walton Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager....

Question:

Walton Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production departments static budget and actual results for 2019 follow Static Budget Actual Results 35,600 kits 37,080 kEts Production in units Direct materials Direct lebor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost 15 points $259,800 224,000 52,509 $311,800 231,300 601,900 199 500 $801,400 $740,50 Print Required .Convert the static budget into a flexible budget References b. Calculate the variances. Complete this question by entering your answers in the tabs below Required A Required B Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Flexible B Production in unts Direct materials Direct labor Variable manufacturing overhead Total variable costs Foxed manufacturing overhead Total manulacturing costs 37000 Kits Required B 》
Complete this question by entering your answers in the tabs below. Required A Required B Calculate the variances. (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance).) Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Required A Required B>
Walton Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department's static budget and actual results for 2019 follow Static Budget Actual Results 35,600 kits 37,080 kEts Production in units Direct materials Direct lebor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost 15 points $259,800 224,000 52,509 $311,800 231,300 601,900 199 500 $801,400 $740,50 Print Required .Convert the static budget into a flexible budget References b. Calculate the variances. Complete this question by entering your answers in the tabs below Required A Required B Convert the static budget into a flexible budget. (Do not round intermediate calculations.) Flexible B Production in unts Direct materials Direct labor Variable manufacturing overhead Total variable costs Foxed manufacturing overhead Total manulacturing costs 37000 Kits Required B 》
Complete this question by entering your answers in the tabs below. Required A Required B Calculate the variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variances Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing costs Required A Required B>

Answers

Particulars Actual Spending variance Flexible budget Activity variance Static budget
Production in units 35600 37000 35000
Variable overhead cost
Direct material 311800 38000 U 273800 14800 U 259000
Direct labor 231300 5500 F 236800 12800 U 224000
Variable manufacturing overheads 58800 3300 U 55500 3000 U 52500
Total variable overheads 601900 35800 U 566100 30600 U 535500
Fixed manufacturing overehads 199500 5500 U 205000 0 205000
Total overhead cost 801400 30300 U 771100 30600 U 740500
.

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