Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month...
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)
Homework Answers
| Actual cost | Spending variance | Flexible budget | Volume variance | Master budget | |||
| Direct material | 19100 | 32380 | F | 51480 | 33880 | U | 17600 |
| Direct labor | 29800 | 45080 | F | 74880 | 49280 | U | 25600 |
| Variable overhead | 11850 | 22080 | F | 33930 | 22330 | U | 11600 |
| Fixed overhead | 15100 | 2300 | U | 12800 | 0 | None | 12800 |
| Total manufacturing costs | 75850 | 97240 | F | 173090 | 105490 | U | 67600 |
| Workings: | |||||||
| Flexible budget | |||||||
| Direct material | 51480 | =17600/200*585 | |||||
| Direct labor | 74880 | =25600/200*585 | |||||
| Variable overhead | 33930 | =11600/200*585 | |||||
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Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month...
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month...
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)
Gleason Guitars produces acoustic guitars. The table belowcontains budget and actual information for the month...
Gleason Guitars produces acoustic guitars. The table below
contains budget and actual information for the month of June:(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance).)
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month...
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance).) onts Actual Costs 305 units Spending Variance Flexible Budget 305 units Volume Variance Master Budget 200 units $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 16,3001 27.000 9,050 12.300 64. 6501 14,800 22,800 8,800 11.400 57...
leason Guitars produces acoustic guitars. The table below contains budget and actual Information for the month...
leason Guitars produces acoustic guitars. The table below contains budget and actual Information for the month of June: (Indicate he effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Actual Costs 385 units Spending Variance Flexible Budget 385 units Volume Variance Master Budget 200 units $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 17,100 27,800 9,850 13,100 67,850 15,600 23,600 9,600 11,800 60,600 $
E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The...
E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Arte e Costs Actual Costs 285 units Spending Variance Sending Flexible Budget 285 units Blocklep Volume Variance volume Master Budget 200 units $ | $ Direct Material Direct Labor Variable...
Accounting
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate
the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance).)
E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The...
E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs 285 units Spending Variance Flexible Budget 285 units Volume Variance Master Budget 200 units | $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 16,100...
Required information [The following information applies to the questions displayed below.] Adger Corporation is a service...
Required information [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,600 $ 182,000 Employee salaries and wages $ 55,000 $ 1,600 $...
Required information [The following information applies to the questions displayed below.] Adger Corporation is a servic...
Required information [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,600 $ 182,000 Employee salaries and wages $ 55,000 $ 1,600 $...
Required information [The following information applies to the questions displayed below.) Adger Corporation is a service...
Required information [The following information applies to the questions displayed below.) Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element Variable Element per per Customer Month Served $ 5,800 $ 57,000 $1,800 $ 950 $ 36,000 Revenue Employee salaries and wages Travel expenses Other expenses...
Gleason Guitars produces acoustic guitars. The table below
contains budget and actual information for the month of June:(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance).)
Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance).) onts Actual Costs 305 units Spending Variance Flexible Budget 305 units Volume Variance Master Budget 200 units $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 16,3001 27.000 9,050 12.300 64. 6501 14,800 22,800 8,800 11.400 57...
leason Guitars produces acoustic guitars. The table below contains budget and actual Information for the month of June: (Indicate he effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Actual Costs 385 units Spending Variance Flexible Budget 385 units Volume Variance Master Budget 200 units $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 17,100 27,800 9,850 13,100 67,850 15,600 23,600 9,600 11,800 60,600 $
E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Arte e Costs Actual Costs 285 units Spending Variance Sending Flexible Budget 285 units Blocklep Volume Variance volume Master Budget 200 units $ | $ Direct Material Direct Labor Variable...
E9-3 (Algo) Preparing a Flexible Budget Performance Report [LO 9-2] Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs 285 units Spending Variance Flexible Budget 285 units Volume Variance Master Budget 200 units | $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 16,100...
Required information [The following information applies to the questions displayed below.) Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element Variable Element per per Customer Month Served $ 5,800 $ 57,000 $1,800 $ 950 $ 36,000 Revenue Employee salaries and wages Travel expenses Other expenses...
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