Homework Answers
The correct answer is Over Budget
Note:
| 3000 Units | Per unit ( Total Cost / Units) | At 9000 Units Budgeted Cost | |
| Direct Labor | 12000 | 4.00 | 36000 |
| Utilities | 3000 | 1.00 | 9000 |
| Variable Cost Total | 45000 | ||
| Total Fixed Cost | 24000 | ||
| Total Cost(Variable + Fixed) | 69000 |
At 9000 Units, Budgeted cost for labor and utilities= Per unit cost *9000 Units
The actual cost is more than the budgeted cost and hence Hubbard is over budget.
Over Budget Amount = actual cost - budgeted cost
= $ 70800 - 69000
= $ 1800
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