(Answered) Question - ranger company produces mens shirts the

Accounting

Question - Ranger Company produces men's shirts. The following budgeted and actual amounts are for 2010:

Cost Budget at 2,500 units Actual Amounts at 2,900 units

Direct materials $55,000 $65,500

Direct labor 70,000 81,000

Fixed overhead 35,000 34,500

Instructions

1. Prepare a flexible budget for 2,900 units (actual level of production).

2. Prepare a performance report for Ranger Company for the year, comparing actual results with budgeted amounts for 2,900 units of production.

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