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Performance Report

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ACC122 FinalExam -Problems (10 points each) 7.      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.