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. Note: 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. Labor-hours (a) Direct labor Indirect labor Uslities Supplies Equipment depreciation Factory administration" Total expense $ $ $ (4) 81,650 . 7,800. . 18,960 . Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 S 1.30 (a) (9) (4) $ 1.20 (4) Actual Results Spending Variances $ $ 9,610 199,145 5,122 361,120 2,662 1,540 U 0 None Flexible Budget 197,005 20,043 4.574 Activity Variances 960 U 0 None Planning Budget 9,130 26,060 4.430
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. Note: 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. Labor-hours (a) Direct labor Indirect labor Uslities Supplies Equipment depreciation Factory administration" Total expense $ $ $ (4) 81,650 . 7,800. . 18,960 . Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 S 1.30 (a) (9) (4) $ 1.20 (4) Actual Results Spending Variances $ $ 9,610 199,145 5,122 361,120 2,662 1,540 U 0 None Flexible Budget 197,005 20,043 4.574 Activity Variances 960 U 0 None Planning Budget 9,130 26,060 4.430
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 21E: Georgia Gasket Co. budgets 8,000 direct labor hours for the year. The total overhead budget is...
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