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 iances Planning Budget Labor-hours (q) 9,600 Direct labor q) $ 195,130 $ 192,000 Indirect labor 19,060 3,028 F 1,570 U Utilities 912 | U Supplies 5,108 4,564 Equipment depreciation Factory administration Total expense $ 353,420 ( ($ 7,700 ( $ ( 81,400 18,940 $ - + + + + $ 1.20 q) q) q) $ 1.10 q) 0 None 0 None 9,120 25,028 4,420 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 iances Planning Budget Labor-hours (q) 9,600 Direct labor q) $ 195,130 $ 192,000 Indirect labor 19,060 3,028 F 1,570 U Utilities 912 | U Supplies 5,108 4,564 Equipment depreciation Factory administration Total expense $ 353,420 ( ($ 7,700 ( $ ( 81,400 18,940 $ - + + + + $ 1.20 q) q) q) $ 1.10 q) 0 None 0 None 9,120 25,028 4,420
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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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