Santiago Homework

Problem P1-1 Budgets in Managerial Accounting | |
|Santiago's Salsa is in the process of preparing a production cost budget for May. Actual costs in April were: |
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| |Santiago's Salsa | |
| |Production Cost Budget | |
| |April 2011 | |
| |Production - Jars of salsa |25,000 | |
| |Ingredient cost (variable) |$20,000 | |
| |Labor cost (variable) |12,000 | |
| |Rent (fixed) |5,000 | |
| |Depreciation (fixed) |6,000 | |
| |Other (fixed) |1,000 | |
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