Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round rate...
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Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour" answers to 2 decimal places. 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.) Required: Complete the Production Department's Flexible Budget Performance Report. Labor-hours (q) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense $ 7,500 $ 80,900 18,900 q) + + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Spending Variances $ 1.00 q) q) q) $ 1.90 q) Actual Results 9,580 $ 185,130 5,080 $ 345,648 3,760 F 1,550 U 0 None Flexible Budget $ 182,020 17,100 4,544 80,900 Activity Variances 816 U 0 None 0 Planning Budget 9,100 16,620 22,970 4,400 Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour" answers to 2 decimal places. 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.) Required: Complete the Production Department's Flexible Budget Performance Report. Labor-hours (q) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense $ 7,500 $ 80,900 18,900 q) + + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Spending Variances $ 1.00 q) q) q) $ 1.90 q) Actual Results 9,580 $ 185,130 5,080 $ 345,648 3,760 F 1,550 U 0 None Flexible Budget $ 182,020 17,100 4,544 80,900 Activity Variances 816 U 0 None 0 Planning Budget 9,100 16,620 22,970 4,400
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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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