1 | ||||
Planning Budget | ||||
Budgeted labor hours | 8000 | |||
Direct labor | 126400 | =8000*15.8 | ||
Indirect labor | 21000 | =8200+(8000*1.6) | ||
Utilities | 12800 | =6400+(8000*0.8) | ||
Supplies | 4300 | =1100+(8000*0.4) | ||
Equipment Depreciation | 52600 | =23000+(8000*3.7) | ||
Factory rent | 8400 | |||
Property taxes | 2100 | |||
Factory administration | 26900 | =11700+(8000*1.9) | ||
Total expenses | 254500 | |||
2 | ||||
Flexible Budget | ||||
Actual labor hours | 8400 | |||
Direct labor | 132720 | =8400*15.8 | ||
Indirect labor | 21640 | =8200+(8400*1.6) | ||
Utilities | 13120 | =6400+(8400*0.8) | ||
Supplies | 4460 | =1100+(8400*0.4) | ||
Equipment Depreciation | 54080 | =23000+(8400*3.7) | ||
Factory rent | 8400 | |||
Property taxes | 2100 | |||
Factory administration | 27660 | =11700+(8400*1.9) | ||
Total expenses | 264180 | |||
3 | ||||
Actual | Spending variances | Flexible budget | ||
Labor hours | 8400 | 8400 | ||
Direct labor | 134730 | 2010 | U | 132720 |
Indirect labor | 19860 | 1780 | F | 21640 |
Utilities | 14570 | 1450 | U | 13120 |
Supplies | 4980 | 520 | U | 4460 |
Equipment Depreciation | 54080 | 0 | None | 54080 |
Factory rent | 8700 | 300 | U | 8400 |
Property taxes | 2100 | 0 | None | 2100 |
Factory administration | 26470 | 1190 | F | 27660 |
Total expenses | 265490 | 1310 | U | 264180 |
Packaging Solutions Corporation manufactures and a wide variety of packaging products. Performance reports are prepared monthly...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas $15.80q $8,200 $1.60g $6,400 $0.80q $1,100 $0.40q $23,000 $3.70g $8,400 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $2,100 $11,700$1.90g The Production Department planned to...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $15.80q Indirect labor $8,200 + $1.60q Utilities $6,400 + $0.80q Supplies $1,100 + $0.40q Equipment depreciation $23,000 + $3.70q Factory rent $8,400 Property taxes $2,100 Factory administration $11,700 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $15.80q Indirect labor $8,200 + $1.60q Utilities $6,400 + $0.80q Supplies $1,100 + $0.40q Equipment depreciation $23,000 + $3.70q Factory rent $8,400 Property taxes $2,100 Factory administration $11,700 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.309 $4,800 + $2.009 $5,400 + $0.809 $1,700 + $0.209 $18,400 + $2.609 $8,100 $2,700 $13,500 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.209 $4,800 + $2.000 $5,200 + $0.609 $1,500 + $0.109 $18,300 + $2.709 $8,400 $2,900 $13,200 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.609 $4,000 + $1.509 $5,300 + $0.909 $1,600 + $0.209 $18, 100 + $ 2.609 $8,300 $2,500...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.40q Indirect labor $4,300 + $1.50q Utilities $5,800 + $0.50q Supplies $1,700 + $0.10q Equipment depreciation $18,000 + $2.40q Factory rent $8,000 Property taxes $2,500 Factory administration $13,700 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.20g $4,000 $2.00g $5,200 $0.70g $1,300 $0.10g Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $18,200 $2.60g $8,100 $2,600 $13,800 $0.80g The Production Department planned...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.109 $4,200 + $1.809 $5,100 + $0.309 $1,700 + $0.309 $18, 600 + $2.609 $8,300 $2,500 $13,500 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.20q Indirect labor $4,400 + $1.40q Utilities $5,000 + $0.50q Supplies $1,600 + $0.30q Equipment depreciation $18,700 + $2.80q Factory rent $8,300 Property taxes $2,700 Factory administration $13,000 +...