To Dallas Department | |||||||
Manager-Finishing | |||||||
Favorable | |||||||
Unfavorable | |||||||
Neither Favorable | |||||||
Controllable Costs: | Budget | Actual | nor Unfavorable | ||||
Direct Materials | $ | 47,100 | $ | 44,630 | $ | 2,470 | Favorable |
Direct Labor | $ | 83,260 | $ | 84,360 | $ | -1,100 | Unfavorable |
Manufacturing Overhead | $ | 51,720 | $ | 52,400 | $ | -680 | Unfavorable |
Total | $ | 182,080 | $ | 181,390 | $ | 690 | Favorable |
Notes: | |||||||
1. Actual material cost is less than budgeted material cost, so Favorable Variance. | |||||||
2. Actual direct labor cost is more than budgeted direct labor cost, so Unfavorable Variance. | |||||||
3. Actual MOH cost is more than Budgeted MOH cost, so Unfavorable Variance. | |||||||
4. Total actual manufacturing costs is less than total budgeted manufacturing cost, so | |||||||
Favorable Variance. | |||||||
MOH = Manufacturing Overheads |
Fey Company's organization chart includes the president; the vice president of production; three assembly plants-Dallas, Atlanta,...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $42,040 actual, $44,840 budget; direct labor $84,880 actual, $81,840 budget; manufacturing overhead $53,660 actual, $51,910 budget. Machining Department—Dallas: total manufacturing costs $220,090 actual, $216,510 budget. Atlanta Plant: total manufacturing costs $423,760 actual, $421,070 budget. Tucson Plant: total manufacturing...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $42,040 actual, $44,840 budget; direct labor $84,880 actual, $81,840 budget; manufacturing overhead $53,660 actual, $51,910 budget. Machining Department—Dallas: total manufacturing costs $220,090 actual, $216,510 budget. Atlanta Plant: total manufacturing costs $423,760 actual, $421,070 budget. Tucson Plant: total manufacturing...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $42,040 actual, $44,840 budget; direct labor $84,880 actual, $81,840 budget; manufacturing overhead $53,660 actual, $51,910 budget. Machining Department—Dallas: total manufacturing costs $220,090 actual, $216,510 budget. Atlanta Plant: total manufacturing costs $423,760 actual, $421,070 budget. Tucson Plant: total manufacturing...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $42,060 actual, $45,060 budget; direct labor $84,660 actual, $84,520 budget; manufacturing overhead $53,080 actual, $50,780 budget. Machining Department—Dallas: total manufacturing costs $222,520 actual, $216,690 budget. Atlanta Plant: total manufacturing costs $424,970 actual, $420,760 budget. Tucson Plant: total manufacturing...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $44,690 actual, $44,370 budget; direct labor $82,320 actual, $83,980 budget; manufacturing overhead $50,390 actual, $51,190 budget. Machining Department—Dallas: total manufacturing costs $220,830 actual, $218,820 budget. Atlanta Plant: total manufacturing costs $422,220 actual, $421,470 budget. Tucson Plant: total manufacturing...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $42,060 actual, $45,060 budget; direct labor $84,660 actual, $84,520 budget; manufacturing overhead $53,080 actual, $50,780 budget. Machining Department—Dallas: total manufacturing costs $222,520 actual, $216,690 budget. Atlanta Plant: total manufacturing costs $424,970 actual, $420,760 budget. Tucson Plant: total manufacturing...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $41,050 actual, $48,060 budget; direct labor $82,530 actual, $82,470 budget; manufacturing overhead $50,810 actual, $50,290 budget. Machining Department—Dallas: total manufacturing costs $223,720 actual, $218,800 budget. Atlanta Plant: total manufacturing costs $424,010 actual, $421,830 budget. Tucson Plant: total manufacturing...
Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $42,060 actual, $45,060 budget; direct labor $84,660 actual, $84,520 budget; manufacturing overhead $53,080 actual, $50,780 budget. Machining Department—Dallas: total manufacturing costs $222,520 actual, $216,690 budget. Atlanta Plant: total manufacturing costs $424,970 actual, $420,760 budget. Tucson Plant: total manufacturing...
Exercise 22-13 (Part Level Submission) Fey Company's organization chart includes the president; the vice president of production; three assembly plants-Dallas, Atlanta, and Tucson; and two departments within each plant-Machining an Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department-Dallas: direct materials $42,500 actual, $44,000 budget; direct labor $83,400 actual, $82,000 budget; manufacturing overhead $51,000 actual, $49,200 budget. Machining Department-Dallas: total manufacturing costs $220,000 actual, $219,000 budget. Atlanta Plant: total manufacturing costs $424,000 actual, $420,000...
Exercise 22-13 (Part Level Submission) Fey Company’s organization chart includes the president; the vice president of production; three assembly plants—Dallas, Atlanta, and Tucson; and two departments within each plant—Machining and Finishing. Budget and actual manufacturing cost data for July 2017 are as follows. Finishing Department—Dallas: direct materials $44,680 actual, $45,200 budget; direct labor $84,290 actual, $81,470 budget; manufacturing overhead $51,440 actual, $52,000 budget. Machining Department—Dallas: total manufacturing costs $221,000 actual, $216,000 budget. Atlanta Plant: total manufacturing costs $423,230 actual, $424,070...