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. Labor-hours (g) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense $ 6,600 $ 78,650 18,720 q) + + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Spending Variances $ 1.00 q) q) q) $ 1.00 q) Actual Results 9,490 $ 140,625 4,954 $ 280,191 3,670 F 1,460 U 0 None Flexible Budget $ 137,605 16,920 4,454 Activity Variances 384 U 0 None Planning Budget 9,010 13,808 4,310 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. Labor-hours (g) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense $ 6,600 $ 78,650 18,720 q) + + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Spending Variances $ 1.00 q) q) q) $ 1.00 q) Actual Results 9,490 $ 140,625 4,954 $ 280,191 3,670 F 1,460 U 0 None Flexible Budget $ 137,605 16,920 4,454 Activity Variances 384 U 0 None Planning Budget 9,010 13,808 4,310
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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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