Fixed Budget

QTY
Frame Assembly
Steel Tubing
Paint
Labor

10000
QTY

Total Frame
Wheel Assembly
Parts
Labor

Price/unit Total
110,000
$30.00
3,300,000
1,250
$20.00
25,000
100,000
$15.00
1,500,000
4,825,000

10,000

$120.00

1,200,000

5,000

$13.00

65,000
1,265,000

10,000

$350.00

3,500,000

7,500

$14.00

105,000
3,605,000

Total Wheel
Final Assembly
Parts
Labor
Total Final Assembly
Overhead Costs
Rent
Office Space
Depreciation
Other Costs Fixed
Other Costs Variable
Total Overhead
Total Annual Costs

2/3rd variable

250,000
100,000
100,000
250,000
500,000
1,200,000
10,895,000

Budgeted
Actual
Quantity Variance
Price Variance
Paint
Budgeted
Actual
Quantity Variance
Price Variance
Labor

Budgeted
Actual
Quantity Variance
Price Variance
Wheel Assembly
Parts
Budgeted
Actual
Quantity Variance
Price Variance
Rework Parts
Budgeted
Actual
Quantity Variance
Price Variance
Labor
Budgeted
Actual
Quantity Variance
Price Variance
Final Assembly
Parts
Budgeted
Actual
Quantity Variance
Price Variance

Rework Parts
Budgeted
Actual

Labor
Budgeted
Actual

Quantity Variance
Price Variance

Overhead variance
Rent
Office Space
Depreciation
Other Costs Fixed
Other Costs Variable

Actual
Qty
Frame Assembly
Steel Tubing
Paint
Labor

Variance

10800
QTY

Total Frame
Wheel Assembly
Parts
Rework Parts
Labor

Price/unit Total
113,400.00
$31.50
3,572,100
1,375.00
$20.50
28,188
100,200.00
$15.25
1,528,050
5,128,338

10,800.00

$122.00

5,500.00

$13.50

10,800.00

$367.00

8,000.00

$14.50

Total Wheel
Final Assembly
Parts
Rework Parts
Labor
Total Final Assembly
Overhead Costs
Rent
Office Space
Depreciation
Other Costs Fixed
Other Costs Variable
Total Overhead

2/3rd variable

Total Annual Costs

Frame Assembly
Steel Tubing
Budgeted
Actual

QTY
110,000
113,400.00

Quantity Variance
Price Variance
Total Variance in Steel
Paint
Budgeted
Actual

1,250
1,375.00

Quantity Variance
Price Variance
Total Variance in Paint
Labor

1,317,600
25,000
74,250
1,416,850

(117,600)
(25,000)
(9,250)
(151,850)

3,963,600
45,000
116,000
4,124,600

(463,600)
(45,000)
(11,000)
(519,600)

250,000
100,000
100,000
250,000
600,000
1,300,000

(100,000)
(100,000)

11,969,788

(1,074,788)

Price/unit Total
$30.00
3,300,000
$31.50
3,572,100
(272,100)
(102,000)
(170,100)
(272,100)
$20.00
$20.50

(272,100)
(3,188)
(28,050)
(303,338)

25,000
28,188
(3,188)
(2,500)
(688)
(3,188)

U
U
U
U

U
U
U
U

Budgeted
Actual

100,000
100,200.00

$15.00
$15.25

Quantity Variance
Price Variance
Total Variance in Labor

1,500,000
1,528,050
(28,050)
(3,000)
(25,050)
(28,050)

U
U
U
U

1,200,000
1,317,600
(117,600)
(96,000)
(21,600)
(117,600)

U
U
U
U

Wheel Assembly
Parts
Budgeted
Actual

10,000
10,800.00

$120.00
$122.00

Quantity Variance
Price Variance
Total Variance in Parts
Rework Parts
Budgeted
Actual

$0.00

Quantity Variance
Price Variance
Total Variance in Rework Parts
Labor
Budgeted
Actual

5,000
5,500.00

$13.00
$13.50

Quantity Variance
Price Variance
Total Variance in Labor
Final Assembly
Parts
Budgeted
Actual

10,000
10,800.00

$350.00
$367.00

Quantity Variance
Price Variance
Total Variance in Parts
Rework Parts
Budgeted
Actual

7,500
8,000.00

65,000
74,250
(9,250)
(6,500)
(2,750)
(9,250)

U
U
U
U

3,500,000
3,963,600
(463,600)
(280,000)
(183,600)
(463,600)

U
U
U

$0.00

45,000
(45,000)

$14.00
$14.50

105,000
116,000
(11,000)

Total Variance in Rework Parts

Labor
Budgeted
Actual

25,000
(25,000)
(25,000)

Quantity Variance
Price Variance
Total Variance in Labor
Overhead variance
Rent
Office Space
Depreciation
Other Costs Fixed
Other Costs Variable
Total Overhead

2/3rd variable

(7,000)
(4,000)
(11,000)

U
U
U

(100,000)
(100,000)

U
U

Flexible Budget
U
U
U
U

U
U
U
U

U
U
U
U

U
U

Qty
Frame Assembly
Steel Tubing
Paint
Labor

10800
QTY

Total Frame
Wheel Assembly
Parts
Labor

Price/unit Total
118,800
$30.00
3,564,000
1,350
$20.00
27,000
108,000
$15.00
1,620,000
5,211,000

10,800

$120.00

1,296,000

5,400

$13.00

70,200
1,366,200

10,800
8,100

$350.00

3,780,000

$14.00

113,400
3,893,400

Total Wheel
Final Assembly
Parts
Labor
Total Final Assembly
Overhead Costs
Rent
Office Space
Depreciation
Other Costs Fixed
Other Costs Variable
Total Overhead

250,000
100,000
100,000
250,000
540,000
1,240,000

2/3rd variable

Total Annual Costs

Frame Assembly
Steel Tubing
Budgeted
Actual

11,710,600

QTY
118,800
113,400.00

Quantity Variance
Price Variance
Total Variance in Steel
Paint
Budgeted
Actual

1,350
1,375.00

Quantity Variance
Price Variance
Total Variance in Paint
Labor

Price/unit Total
$30.00
3,564,000
$31.50
3,572,100
(8,100)
162,000
(170,100)
(8,100)
$20.00
$20.50

27,000
28,188
(1,188)
(500)
(688)
(1,188)

Budgeted
Actual

108,000
100,200.00

$15.00
$15.25

1,620,000
1,528,050
91,950
117,000
(25,050)
91,950

10,800
10,800.00

$120.00
$122.00

1,296,000
1,317,600
(21,600)
(21,600)
(21,600)

$0.00

25,000
(25,000)
(25,000)

5,400
5,500.00

$13.00
$13.50

70,200
74,250
(4,050)
(1,300)
(2,750)
(4,050)

10,800
10,800.00

$350.00
$367.00

3,780,000
3,963,600
(183,600)
(183,600)
(183,600)

$0.00

45,000
(45,000)

$14.00
$14.50

113,400
116,000
(2,600)

Quantity Variance
Price Variance
Total Variance in Labor
Wheel Assembly
Parts
Budgeted
Actual
Quantity Variance
Price Variance
Total Variance in Parts
Rework Parts
Budgeted
Actual

Quantity Variance
Price Variance
Total Variance in Rework Parts
Labor
Budgeted
Actual
Quantity Variance
Price Variance
Total Variance in Labor
Final Assembly
Parts
Budgeted
Actual
Quantity Variance
Price Variance
Total Variance in Parts
Rework Parts
Budgeted
Actual

Total Variance in Rework Parts

Labor
Budgeted
Actual

8,100
8,000.00

Quantity Variance
Price Variance

1,400
(4,000)
(2,600)

Total Variance in Labor

Overhead Variance
Rent
Office Space
Depreciation
Other Costs Fixed
Other Costs Variable
Total Overhead

2/3rd variable

(60,000)
(60,000)

Variance
(8,100)
(1,188)
91,950
82,663
(21,600)
(25,000)
(4,050)
(50,650)
(183,600)
(45,000)
(2,600)
(231,200)
(60,000)
(60,000)
(259,188)

U
F
U
U

U
U
U
U

U
U
F
F

U
U
U
U

U
U
U
U

U
U
U

U
F
U
U

U
U
U
U

U
U
U

F
U
U

U
U
(284,188)