Needed ASAP 11

Problem 11-39 Budgets and Performance Evaluation (LO 11-1, 11-6) Johnson Electrical produces industrial ventilation fans. The company plans to manufacture 72,000 fans evenly over the next quarter at the following costs; direct material, $1,656,000; direct labor, $432,000; varlable production overhead, $493,200; and fixed production overhead, $987,000. The $987,000 amount includes $84,000 of straight-line depreciation and $123,000 of supervisory salarles. Shortly after the conclusion of the quarter's first month. Johnson reported the following costs: Dave Kellerman and his crews turned out 20,000 fans during the month-a remarkable feat given that the firm's manufacturing plant was closed for several days because of storm damage and flooding. Kellerman was especially pleased with the fact that overall financlal performance for the period was favorable when compared with the budget. His pleasure, however, was very short-lived, as Johnson's general manager issued a stern warning that performance must improve, and improve quickly, If Kellerman had any hopes of keeping his job. Required: 2. Which of the two budgets would be more useful when planning the company's cash needs over a range of activity? 3. Prepare a performance report that compares static budget and actual costs for the perlod just ended (i.e. the report that Kellerman likely used when assessing his performance). 4. Prepare a performance report that compares thexible budget and actual costs for the period just ended (i.e., the report that the general manager likely used when assessing Kelleman's performance). 56. Which of the following two reports is preferred? 5-b. Which of the following statements is false? Jonnsons general manager issued a stern warning that pertormance must improve, and improve quickiy, if Kellerman nad any mopes of keeping his job. Required: 2. Which of the two budgets would be more useful when planning the company's cash needs over a range of activity? 3. Prepare a performance report that compares static budget and actual costs for the period just ended (i.e, the report that Kellerman likely used when assessing his performance). 4. Prepare a performance report that compares flexible budget and actual costs for the period just ended (1.e., the report that the general manager likely used when assessing Kellerman's performance). 5-a. Which of the following two reports Is preferred? 5-b. Which of the following statements is false? Complete this question by entering your answers in the tabs below. Which of the two budgets would be more useful when planning the company's cash needs over a range of activity? kely used when assessing his performance). Prepare a performance report that compares flexible budget and actual costs for the period just ended (lie, the report that the eneral manager likely used when assessing Kellerman's performance). 5-0. Which of the following two reports is preferred? -b. Which of the following statements is false? Complete this question by entering your answers in the tabs below. Prepare a performance report that compares static budget and actual costs for the period just ended (i.e, the report that Kellerman likely used when assessing his performance). (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter " 0 " for no effect (1.e., zero variance), Do not round intermediate calculations.) rely used when assessing his performance). Prepare a performance report that compares flexible budget and actual costs for the period just ended (i.e., the report that the eneral manager likely used when assessing Kellerman's performance). Which of the following two reports is preferred? -b. Which of the following statements is false? Complete this question by entering your answers in the tabs below. Prepare a performance report that compares flexible bodget and actual costs for the period just ended (i.e., the report that the general manager likely used when assessing Kellerman's performance). (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e, zero variance), Do not round intermediate calculations.) Jonnson s generai manager issued a stem warning that pertormance must improve, and improve quickiy, it Kellerman nad any nopes of keeping his job. Required: 2. Which of the two budgets would be more useful when planning the company's cash needs over a range of activity? 3. Prepare a performance report that compares static budget and actual costs for the period just ended (i.e., the report that Kellerman likely used when assessing his performance). 4. Prepare a performance report that compares flexible budget and actual costs for the period just ended (i.e., the report that the general managet likely used when assessing Kellerman's performance). 5-0. Which of the following two reports is preferred? 5.b. Which of the following statements is false? Complete this question by entering your answers in the tabs below. Which of the following two reports is preferred? Johnson's general manager issued a stern warning that performance must improve, and improve quickly, if Kellerman had any hopes of keeping his job. Required: 2. Which of the two budgets would be more useful when planning the company's cash needs over a range of activity? 3. Prepare a performance report that compares static budget and actual costs for the period just ended (i.e, the report that Kellerman likely used when assessing his performance). 4. Prepare a performance report that compares flexible budget and actual costs for the period just ended (l.e., the report that the general manager likely used when assessing Kellerman's performance). 5-0. Which of the following two reports is preferred? 5-b. Which of the following statements is false? Complete this question by entering your answers in the tabs below. Which of the following statements is false? The general manopor's warning is applogriale bociuse of the sizablo variances that have ansen With the static budget, performance appears taworable Kellermar's assessment regarding the favorable overall performance for the peniod is corroct