Question - Delaney Company has the following flexible budget formulas and amounts:
Selling price per unit $54.00
Direct materials per unit 18.00
Direct labor per unit 12.00
Variable factory overhead per unit 7.00
Variable selling and administrative expenses per unit 4.00
Fixed factory overhead $450,000
Fixed selling and administrative expenses 100,000
Actual results for the month of October for the production and sale of 48,000 units were as follows:
Sales revenue $2,605,000
Direct materials 868,000
Direct labor 572,000
Variable factory overhead 334,000
Variable selling and administrative expenses 195,000
Fixed factory overhead 458,000
Fixed selling and administrative expenses 105,000
Prepare a performance report for the month of October.