Western Manufacturing produces a single product. The original budget for April was based on expected production of
Question:
Western Manufacturing produces a single product. The original budget for April was based on expected production of 14,000 units; actual production for April was 13,300 units. The original budget and actual costs incurred for the manufacturing department follow:
Required:
Prepare an appropriate performance report for the manufacturingdepartment.
Transcribed Image Text:
Original Budget Actual Costs Direct materials $216,600 165,400 78,100 69,000 $529,100 Variable overhead.. 86,100 68,000 Total. $545,400
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Step 1 Budget allowances for variable and fixed production costs for April Step 2 Performance Report for April based on budget flexed to actual units ...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
Question Posted:
Students also viewed these Cost Accounting questions
-
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price ................ $150 Units in beginning inventory...
-
A company produces a single product for which variable costs are $100 per unit and annual fixed costs are $1,000,000. If the product sells for $130 per unit, how many units must the company produce...
-
The Goliath Tool and Machine Shop produces a single product that consists of three subcomponents that are assembled to form the product. The three components are manufactured in an operation that...
-
The following are selected 2023 transactions of Ayayai Corporation. Sept. 1 Oct. 1 1 Purchased inventory from Indigo Ltd. on account for $47,200. Ayayai uses a periodic inventory system. Issued a...
-
What value of A makes the two annual cash flows equivalent at 13% interest compounded annually? $120 $120 $120 $100 $100 Years Years
-
The early neutral evaluator process is similar to that of a settlement hearing. True/False
-
Positive work is done on a system containing positively and negatively charged particles. All work goes into changing the electric potential energy of the system. What can be said about the electric...
-
Ramirez Wholesalers operates at capacity and sells furniture items to four department-store chains (customers). Mr. Ramirez commented, We apply ABC to determine product-line profitability. The same...
-
11. 12. The product formed in the first step of the reaction of Br CH3-CH2-CH-CH2-CH-CH3 with excess Mg/ Et2O (Et = C2H5) is: Br (A) CH3-CH2-CH-CH2-CH-CH3 H3C-CH-CH2-CH-CH2-CH3 CH2 (B) CH3-CH CH-CH3...
-
A sequential application with a 20% part that must be executed sequentially, is required to be accelerated three-fold. How many CPUs are required for this task? How about five-fold speedup?
-
Founders State Bank developed a standard for teller staffing that provided for one teller to handle 12 customers per hour. During June, the bank averaged 50 customers per hour and had five tellers on...
-
Calculate variable cost variancesexplain results. The standards for one case of liquid weed killer are: During the week ended May 6, the following activity took place: 2,910 machine hours were...
-
What is the magnitude of an objects average velocity if the object moves from a point with coordinates x = 2.0 m, y = -3.0 m to a point with coordinates x = 5.0 m, y = -9.0 m in a time interval of...
-
Liberto (2020) defines a closing entry as a journal entry made at the end of accounting period that involves shifting data from temporary accounts on the income statement to permanent accounts on the...
-
Find an equation of the tangent line to the graph at the given point. 3(x + y)2 = 100(x - y), (-4,-2) X Lemniscate (4,-2) ty x
-
Consider the following theorem. If two chords intersect within a circle, then the product of the lengths of the segments (parts) of one chord is equal to the product of the lengths of the segments of...
-
Dive into the challenges and best practices associated with reporting and disclosing intercompany transactions involving bonds and leases. What measures can companies adopt to enhance transparency...
-
2 Suppose that a sphere of radius 1 is inscribed in a right circular cone with ra- dius and height h. (1) Express in terms of h. (2) Find the minimum of the volume of such a right circular cone.
-
Why should you conduct interviews after you gather data collection and information presentation samples?
-
What kind of financial pressures can an LBO cause?
-
Cybele formed a corporation and transferred a building with a basis of \(\$ 50,000\), subject to a \(\$ 70,000\) mortgage, and cash of \(\$ 15,000\) to it for stock. Cybele's basis in her stock and...
-
The cost formula for the maintenance department of Rainbow, Ltd., is $12,600 per month plus $4.50 per machine hour used by the production department. Required: a. Calculate the maintenance cost that...
-
Rocky Mountain Manufacturing produces a single product. The original budget for November was based on expected production of 35,000 units; actual production for November was 33,250 units. The...
-
Following is a partially completed performance report for a recent week for direct labor in the binding department of a book publisher: The original budget is based on the expectation that 8,000...
-
Microblogging is found in Web 2.0. Explain clearly and in detail why microblogging could only exist in, and be a product of, Web 2.0, and not exist in or be a product of Web 1.0.
-
The brute force algorithm for string matching is given below: ALGORITHM Brute Force String Match(T[0..n-1], P[0..m-1]) //Implements brute-force string matching //Input: An array T[0..n-1] of n...
-
Below is a 2-3 tree, into which 4 elements were inserted so far. Please insert C,H,X,P and L in this tree in the given order. Show all intermediate steps with your drawings. E RS
Study smarter with the SolutionInn App