Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete...
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Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Flexible Budget Planning Budget Actual Spending Variances Activity Variances Results Labor-hours (q) Direct labor 9,510 9,030 (q) $ 150,445 $ 147,405 Indirect labor $ 1.20 (a) 2,938 F 18,862 + $ 6,800 (9) (q) Utilities 1,480 U 480 U 15,830 Supplies 4,982 4,474 4,330 + Equipment depreciation $ 79,150 0 None O None Factory administration $ 18,760 1.20 (a) + $ Total expense $ 297,293 %24 Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Flexible Budget Planning Budget Actual Spending Variances Activity Variances Results Labor-hours (q) Direct labor 9,510 9,030 (q) $ 150,445 $ 147,405 Indirect labor $ 1.20 (a) 2,938 F 18,862 + $ 6,800 (9) (q) Utilities 1,480 U 480 U 15,830 Supplies 4,982 4,474 4,330 + Equipment depreciation $ 79,150 0 None O None Factory administration $ 18,760 1.20 (a) + $ Total expense $ 297,293 %24
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Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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