Exercise:
Point, Inc. produces men's shirts. The following budgeted and actual amounts are for 2013:
| Cost |
Budget at 2500 units |
Actual Amounts at 2800 units |
| Direct materials |
565,000 |
575,000 |
| Direct labor |
70,000 |
78,000 |
| Fixed overhead |
35,000 |
34,500 |
Prepare a performance report for Point, Inc. for the year.