Hubbard Inc.'s static budget at 3000 units of production includes $12000 for direct labor $3000 for utilities (variable) and total fixed costs of $24000. Actual production and sales for the year was 9000 units with an actual cost of $70800.
Instructions
Determine if Hubbard is over or under budget.

Question

Quizplus · Accepted Answer

The Answer of Hubbard Inc.'s static budget at 3000 units of production includes $12000 for direct labor $3000 for utilities (variable) and total fixed costs of $24000. Actual production and sales for the year was 9000 units with an actual cost of $70800.
Instructions
Determine if Hubbard is over or under budget.