The following information relates to a company for the month of March. Cost Control Report For...
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The following information relates to a company for the month of March. Cost Control Report For the Month Ended March 31 Planning Budget Actual Resulta Variances Machine-hours 42,000 40,000 $ 93, 500 29,800 25,900 23,600 58,000 $ 3,100 U 3,000 U 2,600 U Direct labor vages $ 90,400 26,800 23,300 22,100 58,000 Supplies Maintenance Utilities Supervision Depreciation 1,500 U 101,000 $ 331, 800 101,000 Total $321,600 $10,200 U Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $18,900; the fixed component of the budgeted utlities cost is $14,500. Required: 2. Complete the March performance report for the department (Round your intermediate calculations 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.) Flexible Budget Performance Report For the Month Ended March 31 Planning Budget Actual Flexible Results Budget Machine-hours 42,000 40,000 $ 93,500 29,800 Direct labor wages 80,400 Supplies Maintenance 26,BOD 25.900 23,300 Utilities 23,600 22,100 Supervision 58,000 58,000 Depreciation 101,000 101,000 Total $ 331,800 $ 321,600 The following information relates to a company for the month of March. Cost Control Report For the Month Ended March 31 Planning Budget Actual Resulta Variances Machine-hours 42,000 40,000 $ 93, 500 29,800 25,900 23,600 58,000 $ 3,100 U 3,000 U 2,600 U Direct labor vages $ 90,400 26,800 23,300 22,100 58,000 Supplies Maintenance Utilities Supervision Depreciation 1,500 U 101,000 $ 331, 800 101,000 Total $321,600 $10,200 U Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $18,900; the fixed component of the budgeted utlities cost is $14,500. Required: 2. Complete the March performance report for the department (Round your intermediate calculations 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.) Flexible Budget Performance Report For the Month Ended March 31 Planning Budget Actual Flexible Results Budget Machine-hours 42,000 40,000 $ 93,500 29,800 Direct labor wages 80,400 Supplies Maintenance 26,BOD 25.900 23,300 Utilities 23,600 22,100 Supervision 58,000 58,000 Depreciation 101,000 101,000 Total $ 331,800 $ 321,600
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Flexible Variance Sales Volume Var 42000 42000 40000 93500 1... View the full answer
Related Book For
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
Posted Date:
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