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. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget Labor-hours (q) 9,620 Direct labor ( q) $ 204,170 $ 202,020 Indirect labor ( 21,028 2,296 F 1,590 U Utilities ( $ 7,900 1,008 U Supplies ( 5,136 4,584 $ 81,900 Equipment depreciation ( ( Factory administration $ 18,980 Total expense $ 369,836 ) $ 1.40 q) q) q) + $ 1.30 q) + + + 0 None 0 None 9,140 27,094 4,440 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. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget Labor-hours (q) 9,620 Direct labor ( q) $ 204,170 $ 202,020 Indirect labor ( 21,028 2,296 F 1,590 U Utilities ( $ 7,900 1,008 U Supplies ( 5,136 4,584 $ 81,900 Equipment depreciation ( ( Factory administration $ 18,980 Total expense $ 369,836 ) $ 1.40 q) q) q) + $ 1.30 q) + + + 0 None 0 None 9,140 27,094 4,440
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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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