(Answered) Question - connor companys budgeted prices for direct

Accounting

Question - Connor Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché'case are $40, $8 and $12 respectively. The president is pleased with the following performance report.

Actual Costs Static Budget Variance

Direct Materials $364,000 $400,000 $36,000 F

Direct Manufacturing labor 78,000 80,000 2,000 F

Direct marketing (Distribution) labor 110,000 120,000 10,000 F

Actual output was 8,800 attaché' cases. Assume all three direct-cost items above are variable costs. Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget.

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