Question

Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget 9.530 Activity Variances Planning Budget 9,050 Labor-hours (9) 5 159,305 $ 157,245 20,812 2,206 F 1,500 U 57.000 Direct labor Indirect labor Utilities Supplies Equipment depreciation 1.409) g) ) 17,860 4350 + 5.010 0 None None 79,650 Factory administration 18 800 + $ 1.40 ) $313.4597 Total expense

Answer 1

Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Elexible Planning Budget Spending Variance Activity Variance Results Budget Labor-hours (q) 9050 9530 9530 Direct labor ($16.50*q) Indirect labor ($7A70 $1.40*q Utilities ($7,000+$1.20*q) Supplies ($1,635 $0.30 *q) Equipment depreciation ($79,650) Factory administration ($18,800 $140*q) Total expense 7920 159305 2060 157245 149325 18606 2206 F 20812 672 U 20140 19936 1500 18436 576 17860 5010 516 U 4494 144 U 4350 79650 0 None 79650 0 None 79650 30952 1190 F 32142 672 U 31470 312779 313459 680 9984 U 302795