Homework Answers
Solution:
Workings: The amount computed in white box are just total of amount till the date of computation.
Feb. (budget year to date) = $30,800 + 34,300 = $65,100
Feb. (Actual Year-to-date) = $32,800 + 33,880 = $66,680
Feb. (Diff. Year - to date) = $66,680 - 65,100 = $1,580
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CREDE COMPANY Selling Expense Report For the Quarter Ending March 31 By Month Year-to-Date Month Budget...
Crede Company budgeted selling expenses of $30,900 in January, $34,600 in February, and $39,100 in March....
Crede Company budgeted selling expenses of $30,900 in January, $34,600 in February, and $39,100 in March. Actual selling expenses were $32,100 in January, $34,000 in February, and $46,700 in March. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. CREDE COMPANY Selling Expense Report For the Quarter Ending March 31 By Month Year-to-Date Month Budget Actual Difference Budget Actual Difference January $ $ $ FavorableUnfavorableNeither favorable nor unfavorable FavorableUnfavorableNeither favorable...
Crede Company budgeted selling expenses of $29,000 in January, $34,000 in February, and $39,000 in March....
Crede Company budgeted selling expenses of $29,000 in January,
$34,000 in February, and $39,000 in March. Actual selling expenses
were $30,000 in January, $33,700 in February, and $45,000 in March.
The company considers any difference that is less than 5% of the
budgeted amount to be immaterial.
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31
By Month
Year-to-Date...
Exercise 22-2 Crede Company budgeted selling expenses of $31,000 in January, $34,600 in February, and $40,400...
Exercise 22-2
Crede Company budgeted selling expenses of $31,000 in January,
$34,600 in February, and $40,400 in March. Actual selling expenses
were $32,700 in January, $34,000 in February, and $47,400 in
March.
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31
By Month
Year-to-Date
Month
Budget
Actual
Difference
Budget
Actual
Difference
January
$
$
$
FavorableUnfavorableNeither favorable nor unfavorable...
Riverbed Company budgeted selling expenses of $29,900 in January, $34,200 in February, and $39,400 in March....
Riverbed Company budgeted selling expenses of $29,900 in
January, $34,200 in February, and $39,400 in March. Actual selling
expenses were $31,200 in January, $33,520 in February, and $46,500
in March.
(a)
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
RIVERBED COMPANY
Selling Expense Report
For
the Quarter Ending March 31For the Month Ending March 31For the
Year Ending March 31
By Month
Year-to-Date
Month
Budget
Actual
Difference
Budget
Actual...
Need help with year to date Question 2 --/1 View Policies Current Attempt in Progress Crede...
Need help with year to date
Question 2 --/1 View Policies Current Attempt in Progress Crede Company budgeted selling expenses of $29,500 in January, $35,600 in February, and $39,300 in March. Actual selling expenses were $31,200 in January, $35,110 in February, and $46,400 in March. The company considers any difference that is less than 5% of the budgeted amount to be immaterial. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to...
RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable...
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 Maintenance 6,100 6,450 350 Unfavorable Total variable 183,000 178,720 4,280 Favorable Fixed costs Rent 10,100 10,100 -0- Neither Favorable nor Unfavorable Supervision 18,000 18,000 -0-...
Crede Company budgeted selling expenses of $29,600 in January, $35,000 in February, and $40,900 in March....
Crede Company budgeted selling expenses of $29,600 in January,
$35,000 in February, and $40,900 in March. Actual selling expenses
were $30,800 in January, $34,690 in February, and $48,100 in
March.
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
Exercise 22-2 Crede Company budgeted selling expenses of $29,600 in January, $35,000 in February, and $40,900 in March. Actual selling expenses were $30,800 in January, $34,690 in February, and $48,100 in...
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 c...
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 matrials$51,600 $50,600 $1,000 Favorable Direct labor Indirect materials 28,800 29,000 200 Unfavorable Indirect labor Utilities Maintenance 56,400 53,600 2,800 Favorable 22,800 22,380 420 Favorable 15,000 14,860 140 Favorable 8,400 8,740340 Unfavorable Total variable 165,0o 183,000 179,180 3,820 Favorable Fixed costs Rent Supervision Depreciation 12,200 12,200 0-Neither Favorable nor Unfavorable 16,900 16,900 0 Neither...
Exercise 22-10 Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following...
Exercise 22-10 Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials $11,800 Supervisory salaries Indirect labor 10,700 Depreciation Utilities 8,000 Property taxes and insurance Maintenance 5,600 Maintenance $35,500 6,700 7,600 5,900 Actual variable costs were indirect materials $14,700, indirect labor $9,600, utilities $9,800, and maintenance $5,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,600. The actual activity level equaled the budgeted...
Exercise 10-10 (Video) Chubos Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the...
Exercise 10-10 (Video) Chubos Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data Variable costs Fixed Costs Indirect materials $11,400 Supervisory salaries $36,800 Indirect labor 11,000 Depreciation 6,100 7,700 Property taxes and insurance Maintenance 5.900 Maintenance 5.200 7,000 Actual variable costs were indirect materiais $14,700, indirect labor $9,300, ilities $9,100, and maintenance $4,500. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9.000. The actual activity level equaled the budgeted...
Crede Company budgeted selling expenses of $29,000 in January,
$34,000 in February, and $39,000 in March. Actual selling expenses
were $30,000 in January, $33,700 in February, and $45,000 in March.
The company considers any difference that is less than 5% of the
budgeted amount to be immaterial.
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31
By Month
Year-to-Date...
Exercise 22-2
Crede Company budgeted selling expenses of $31,000 in January,
$34,600 in February, and $40,400 in March. Actual selling expenses
were $32,700 in January, $34,000 in February, and $47,400 in
March.
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31
By Month
Year-to-Date
Month
Budget
Actual
Difference
Budget
Actual
Difference
January
$
$
$
FavorableUnfavorableNeither favorable nor unfavorable...
Riverbed Company budgeted selling expenses of $29,900 in
January, $34,200 in February, and $39,400 in March. Actual selling
expenses were $31,200 in January, $33,520 in February, and $46,500
in March.
(a)
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
RIVERBED COMPANY
Selling Expense Report
For
the Quarter Ending March 31For the Month Ending March 31For the
Year Ending March 31
By Month
Year-to-Date
Month
Budget
Actual
Difference
Budget
Actual...
Need help with year to date
Question 2 --/1 View Policies Current Attempt in Progress Crede Company budgeted selling expenses of $29,500 in January, $35,600 in February, and $39,300 in March. Actual selling expenses were $31,200 in January, $35,110 in February, and $46,400 in March. The company considers any difference that is less than 5% of the budgeted amount to be immaterial. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to...
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 Maintenance 6,100 6,450 350 Unfavorable Total variable 183,000 178,720 4,280 Favorable Fixed costs Rent 10,100 10,100 -0- Neither Favorable nor Unfavorable Supervision 18,000 18,000 -0-...
Crede Company budgeted selling expenses of $29,600 in January,
$35,000 in February, and $40,900 in March. Actual selling expenses
were $30,800 in January, $34,690 in February, and $48,100 in
March.
Prepare a selling expense report that compares budgeted and actual
amounts by month and for the year to date.
Exercise 22-2 Crede Company budgeted selling expenses of $29,600 in January, $35,000 in February, and $40,900 in March. Actual selling expenses were $30,800 in January, $34,690 in February, and $48,100 in...
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 matrials$51,600 $50,600 $1,000 Favorable Direct labor Indirect materials 28,800 29,000 200 Unfavorable Indirect labor Utilities Maintenance 56,400 53,600 2,800 Favorable 22,800 22,380 420 Favorable 15,000 14,860 140 Favorable 8,400 8,740340 Unfavorable Total variable 165,0o 183,000 179,180 3,820 Favorable Fixed costs Rent Supervision Depreciation 12,200 12,200 0-Neither Favorable nor Unfavorable 16,900 16,900 0 Neither...
Exercise 22-10 Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Costs Indirect materials $11,800 Supervisory salaries Indirect labor 10,700 Depreciation Utilities 8,000 Property taxes and insurance Maintenance 5,600 Maintenance $35,500 6,700 7,600 5,900 Actual variable costs were indirect materials $14,700, indirect labor $9,600, utilities $9,800, and maintenance $5,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,600. The actual activity level equaled the budgeted...
Exercise 10-10 (Video) Chubos Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data Variable costs Fixed Costs Indirect materials $11,400 Supervisory salaries $36,800 Indirect labor 11,000 Depreciation 6,100 7,700 Property taxes and insurance Maintenance 5.900 Maintenance 5.200 7,000 Actual variable costs were indirect materiais $14,700, indirect labor $9,300, ilities $9,100, and maintenance $4,500. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $9.000. The actual activity level equaled the budgeted...
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