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 Planning Budget 9,090 Actual Flexible Spending Variances Activity Variances Results Budget Labor-hours (q) 9,570 Direct labor Indirect labor q) $ 179,145 $ 177,045 $ 1.50 q) q) q) + 1,870 F 21,865 Utilities ( $ 7,400 1,540 U 768 U 21,944 Supplies 5,066 4,534 4,390 Equipment depreciation Factory administration ( $80,650 ) ( $18,880 0 None 0 None $ 1.80 q) + Total expense $ 343,984 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 Planning Budget 9,090 Actual Flexible Spending Variances Activity Variances Results Budget Labor-hours (q) 9,570 Direct labor Indirect labor q) $ 179,145 $ 177,045 $ 1.50 q) q) q) + 1,870 F 21,865 Utilities ( $ 7,400 1,540 U 768 U 21,944 Supplies 5,066 4,534 4,390 Equipment depreciation Factory administration ( $80,650 ) ( $18,880 0 None 0 None $ 1.80 q) + Total expense $ 343,984
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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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