Homework Answers
Solution:
| Ratchet company | ||||
| Assembling Department | ||||
| Flexible budget report | ||||
| For the month ended September 30, 2020 | ||||
| Particulars | Budget | Actual cost | Difference | Favorable / Unfavorable / Neither favorable nor unfavorable |
| Units of Production | 66000 | 66000 | ||
| Variable overhead costs: | ||||
| Direct materials | $52,800.00 | $53,350.00 | $550.00 | Unfavorable |
| Direct Labor | $60,720.00 | $59,444.00 | $1,276.00 | Favorable |
| Indirect Materials | $29,040.00 | $30,338.00 | $1,298.00 | Unfavorable |
| Indirect labor | $23,760.00 | $24,101.00 | $341.00 | Unfavorable |
| Utilities | $16,500.00 | $16,929.00 | $429.00 | Unfavorable |
| Maintenance | $7,920.00 | $8,393.00 | $473.00 | Unfavorable |
| Total Variable | $190,740.00 | $192,555.00 | $1,815.00 | Unfavorable |
| Fixed costs: | ||||
| Rent | $11,500.00 | $11,500.00 | $0.00 | Neither Favorable nor Unfavorable |
| Supervision | $17,100.00 | $17,100.00 | $0.00 | Neither Favorable nor Unfavorable |
| Depreciation | $7,100.00 | $7,100.00 | $0.00 | Neither Favorable nor Unfavorable |
| Total Fixed | $35,700.00 | $35,700.00 | $0.00 | Neither Favorable nor Unfavorable |
| Total Costs | $226,440.00 | $228,255.00 | $1,815.00 | Unfavorable |
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Problem 10-1A a, b, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs....
De LM CALCULATOR PRI Problem 10-3A a, b, c (Part Level Submission) (Video) Ratchet Company uses...
De LM CALCULATOR PRI Problem 10-3A a, b, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation $49,600 $48,500 $1,100 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials 551,200 $50,200 $1,000 Favorable Direct labor 57,500 54,200 3,400 Favorable Indirect materials 26,880 26,980 100 Unfavorable Indirect labor 19,200 18,740 460 Favorable Utilities 16,000 15,830 170 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The Augu...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing CostsBudget Actual Varlable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance $53,760 $52,760 $1,000 Favorable 61,440 58,340 3,100 Favorable 25,600 25,700 100 Unfavorable 19,200 18,730 470 Favorable 22,400 22,240 160 Favorable...
CALCULATOR PRINTER VERSION Problem 10-3A a, b1, C (Part Level Submission) (Video) Ratchet Company uses budgets...
CALCULATOR PRINTER VERSION Problem 10-3A a, b1, C (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $50,740 $49,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,960 26,260 300 Unfavorable Indirect labor 22,420 21,940...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed Total costs $48,380 $47,280 $1,100 Favorable 57,820 54,520 3,300 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follow RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual her Unfavorable Variable costs Direct materials $50,740 549,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,950 26,260 300 Unfavorable Indirect labor 22.420 21,940 480 Favorable Utilities 14,750 14,580 170 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,240 $50,140 $1,100 Favorable Direct labor 59,780 56,580 3,200 Favorable Indirect materials 25,620 25,820 200 Unfavorable Indirect labor 21,960 21,560 400 Favorable Utilities 18,300 18,170 130 Favorable...
CALCULATOR PRINTER VERSI Problem 10-3A a, b1, c (Part Level Submission) (Video) Ratchet Company uses budgets...
CALCULATOR PRINTER VERSI Problem 10-3A a, b1, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials $50,740 $49,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,960 26,260 300 Unfavorable Indirect labor 22,420 21,940...
CALOURATOR PRINTER VERSION BACK NE Problem 10-3A a, b1, c (Part Level Submission) (Video) Ratchet Company...
CALOURATOR PRINTER VERSION BACK NE Problem 10-3A a, b1, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorabl Manufacturing Costs Budget Actual Variable costs Direct materials $49,600 $48,500 $1,100 Favorable 57,040 27,280 Direct labor 54,040 3,000 Favorable 300 Unfavorable Indirect materials 27,580 Indirect labor...
*Problem 14-3A (Part Level Submission) Sarasota Company uses budgets in controlling costs. The August 2017 budget...
*Problem 14-3A (Part Level Submission) Sarasota Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. SARASOTA COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Budget Actual Favorable Unfavorable Manufacturing Costs Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed Total costs $53,680 59,780 29,280 19,520 15,250 12,200 189,710 $52,580 56,480 29,380 19,060 15,140...
De LM CALCULATOR PRI Problem 10-3A a, b, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation $49,600 $48,500 $1,100 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials 551,200 $50,200 $1,000 Favorable Direct labor 57,500 54,200 3,400 Favorable Indirect materials 26,880 26,980 100 Unfavorable Indirect labor 19,200 18,740 460 Favorable Utilities 16,000 15,830 170 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing CostsBudget Actual Varlable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance $53,760 $52,760 $1,000 Favorable 61,440 58,340 3,100 Favorable 25,600 25,700 100 Unfavorable 19,200 18,730 470 Favorable 22,400 22,240 160 Favorable...
CALCULATOR PRINTER VERSION Problem 10-3A a, b1, C (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $50,740 $49,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,960 26,260 300 Unfavorable Indirect labor 22,420 21,940...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed Total costs $48,380 $47,280 $1,100 Favorable 57,820 54,520 3,300 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follow RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual her Unfavorable Variable costs Direct materials $50,740 549,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,950 26,260 300 Unfavorable Indirect labor 22.420 21,940 480 Favorable Utilities 14,750 14,580 170 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,240 $50,140 $1,100 Favorable Direct labor 59,780 56,580 3,200 Favorable Indirect materials 25,620 25,820 200 Unfavorable Indirect labor 21,960 21,560 400 Favorable Utilities 18,300 18,170 130 Favorable...
CALCULATOR PRINTER VERSI Problem 10-3A a, b1, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials $50,740 $49,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,960 26,260 300 Unfavorable Indirect labor 22,420 21,940...
CALOURATOR PRINTER VERSION BACK NE Problem 10-3A a, b1, c (Part Level Submission) (Video) Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorabl Manufacturing Costs Budget Actual Variable costs Direct materials $49,600 $48,500 $1,100 Favorable 57,040 27,280 Direct labor 54,040 3,000 Favorable 300 Unfavorable Indirect materials 27,580 Indirect labor...
*Problem 14-3A (Part Level Submission) Sarasota Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. SARASOTA COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Budget Actual Favorable Unfavorable Manufacturing Costs Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed Total costs $53,680 59,780 29,280 19,520 15,250 12,200 189,710 $52,580 56,480 29,380 19,060 15,140...
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