Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete...
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Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (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. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget 9,640 9,640 Labor-hours (q) Direct labor (q) $ 214,250 $ 2,170 U $ 212,080 Indirect labor + 1.60 (q) 1,564 F 23,004 Utilities + 1,610 U 1,104 U Supplies + 5,164 4,604 Equipment depreciation Factory administration Total expense $ 387,316 $ 8,100 $ 82,400 $ 19,020 + $ 10 eee (4) $ 1.50 (q) 0 None 0 None 9,160 29,168 4,460 Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (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. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget 9,640 9,640 Labor-hours (q) Direct labor (q) $ 214,250 $ 2,170 U $ 212,080 Indirect labor + 1.60 (q) 1,564 F 23,004 Utilities + 1,610 U 1,104 U Supplies + 5,164 4,604 Equipment depreciation Factory administration Total expense $ 387,316 $ 8,100 $ 82,400 $ 19,020 + $ 10 eee (4) $ 1.50 (q) 0 None 0 None 9,160 29,168 4,460
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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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