Question: Using the information in E24-3, assume that in July 2014, Thome Company incurs the following manufacturing overhead costs. Instructions (a) Prepare a flexible budget performance

Using the information in E24-3, assume that in July 2014, Thome Company incurs the following manufacturing overhead costs.

Instructions
(a) Prepare a flexible budget performance report, assuming that the company worked 9,000 direct labor hours during the month.
(b) Prepare a flexible budget performance report, assuming that the company worked 8,500 direct labor hours during the month.
(c) Comment on yourfindings.

Variable Costs Fixed Costs Indirect labor Indirect materials Utilities $8,800 5,300 3,200 Supervision Depreciation Propertytaxes $4,000 1,200 800

Step by Step Solution

★★★★★

3.36 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a THOME COMPANY Manufacturing Overhead Flexible Budget Report For the Month Ended July 31 2014 Diffe... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

274-B-M-A-B-P-C (1196).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Prepare a flexible budget performance report title (in proper form) for Spalding Company for the calendar year 2009. Why is a proper title important for this or any report?

Prepare a flexible budget performance report title (in proper form) for Spalding Company for the calendar year 2015. Why is a proper title important for this or any report?

Prepare a flexible budget performance report title (in proper form) for Spalding Company for the calendar year 2017. Why is a proper title important for this or any report?

Using the information in E24-3, assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Instructions (a) Prepare a flexible budget performance report, assuming that...

Using the information in E21-3, assume that in July 2012, Thome Company incurs the following manufacturing overhead costs. Instructions (a) Prepare a flexible budget performance report, assuming that...

Using the information in E10-3, assume that in July 2011, Roche Company incurs the following manufacturing overhead costs. Instructions (a) Prepare a flexible budget performance report, assuming that...

Using the information in E11-19, assume that in July 2016, Raney Company incurs the following manufacturing overhead costs: Instructions (a) Prepare a flexible budget performance report, assuming...

Using the information in E24-3, assume that in July 2010, Raney Company incurs the following manufacturing overhead costs. Instructions(a) Prepare a flexible budget performance report, assuming that...

Using the information in E10-3, assume that in July 2014, Thome Company incurs the following manufacturing overhead costs. Instructions (a) Prepare a flexible budget performance report, assuming that...

Using the information in E22-3, assume that in July 2014, Thome Company incurs The following manufacturing overhead costs. Instructions (a) Prepare a flexible budget performance report, assuming that...

Alphonso purchased an office building in 2010 for $650,000 and machinery (7-year property) in September of 2015 for $60,000 (assume these were business-use assets, were the only assets purchased...

Consider a finance economy with T = 1, J = 3, and S = 3, where the security payoff matrix is given by 100 Z= 1 1 0 011 (where columns correspond to securities and rows to states). The three states...

How much conyerntition mal be neconded in 2 0 2 4 , 2 0 2 4 , and 2 0 0 6 t 4 ather Alled Paper Products, Incorporated offers a restricted stock award plan to its vice presidents. On January 1 . 2 0...

4 Explain the various arguments suggesting that there is a relationship between the interest rate and the demand for money.

For what reasons might a company like IBM repurchase some of its stock (treasury stock)?

Kwun, Inc. purchases 1,000 shares of its own previously issued $5 par common stock for $12,000. Assuming the shares are held in the treasury, what effect does this transaction have on (a) Net income,...

QUESTION 5 Monthly electric bills in NewJersey for a bellshaped distribution with a mean of $1 09 and a standard deviation of $37. a) About what percent of the bills will be between $72 and $146? b)...

Question 9 5 pts Cooper Tire has 45 million shares of common stock outstanding and 2 million bonds. The par value of the bonds is $1000. Cooper Tire's common stock is selling for $125 and its bonds...

Cam you please hand write. please i need the answers 13) A loan of $5,600 with an interest rate of 14% compounded annually can be repaid in 3 equal annual payments of $2,412.10. Complete the...