Homework Answers
Solution:
| Ray Company | ||||||||||||
| Production Department Flexible Budget Performance Report | ||||||||||||
| For the Month Ended August 31 | ||||||||||||
| Particulars | Actual Results | Spending Variances | Flexible Budget | Activity Variances | Planning Budget | |||||||
| Labor-hours (q) | 9,480 | 9,480 | 9,000 | |||||||||
| Direct labor | ( | $14 | q) | $134,730.00 | $2,010.00 | U | $132,720.00 | $6,720.00 | U | $126,000.00 | ||
| Indirect labor | ( | $7,420.00 | + | $1.50 | q) | $19,860.00 | $1,780.00 | F | $21,640.00 | $720.00 | U | $20,920.00 |
| Utilities | ( | $6,500 | + | $2.75 | q) | $33,036.00 | $1,450.00 | U | $31,586.00 | $336.00 | U | $31,250.00 |
| Supplies | ( | $1,600.00 | + | $0.30 | q) | $4,940.00 | $496.00 | U | $4,444.00 | $144.00 | U | $4,300.00 |
| Equipment depreciation | ( | $78,400 | ) | $78,400.00 | $0.00 | None | $78,400.00 | $0.00 | None | $78,400.00 | ||
| Factory administration | ( | $18,700 | + | $1.90 | q) | $17,122.00 | $19,590.00 | F | $36,712.00 | $912.00 | U | $35,800.00 |
| Total expense | $288,088.00 | $17,414.00 | F | $305,502.00 | $8,832.00 | U | $296,670.00 | |||||
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fill in the chart/blanks player-uimheducation.com MHE Read MHE Reader CectClass Managerial Accounting lem 9-19: Flex...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Indicate the...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,480 Activity variances Planning Budget 9,000 Labor-hours (9) Direct...
apter 9 required Ray Company provided the following excerpts from its Production Department's flexible budget performance...
apter 9 required Ray Company provided the following excerpts from its Production Department's flexible budget performance report Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (... ero variance). Input all amounts as positive values. Round "rate per hour answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,480 Planning Activity Variances 9,000 Labor-hours...
Exercise 9-16 Flexible Budgets in a Cost Center [LO9-1, LO9-2] Packaging Solutions Corporation manufactures and sells...
Exercise 9-16 Flexible Budgets in a Cost Center [LO9-1, LO9-2] 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 $15.80 $8,200 $1.60q $6,400+$0.80q $1,100 +$0.404 $23,e00 +$3.78q $8,400 $2,100 $11,700 $1.90q Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory...
Problem 9-19 (Algo) Flexible Budget Performance Reports; Working Backwards [LO 9-1,9-2, 9-3, 9-4] Ray Company provided...
Problem 9-19 (Algo) Flexible Budget Performance Reports; Working Backwards [LO 9-1,9-2, 9-3, 9-4] Ray Company provided the following excerpts from its Production Department's flexible budget performance report (Round "rate per hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible...
I only need a help with the one which is shown wrong. Thank you. Exercise 9-16...
I only need a help with the one which is shown wrong. Thank
you.
Exercise 9-16 Flexible Budgets in a Cost Center (LO9-1, LO9-2] 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...
Can you please fill out this chart? Thank you! Ray Company provided the following excerpts from...
Can you please fill out this chart? Thank you!
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate pe hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Variances Flexible Results Budget...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
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...
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...
Exercise 9-15 Flexible Budget Performance Report in a Cost Center (LO9-1, LO9-2, LO9-3, LO9-4] Packaging Solutions Corp...
Exercise 9-15 Flexible Budget Performance Report in a Cost Center (LO9-1, LO9-2, LO9-3, LO9-4] 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 $16.207 $4,600 +...
Problem 9-26 Critiquing a Cost Report; Preparing a Performance Report [LO9-1, LO9-2, LO9-3, LO9-4, LO9-6] Frank...
Problem 9-26 Critiquing a Cost Report; Preparing a Performance Report [LO9-1, LO9-2, LO9-3, LO9-4, LO9-6] Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visibly upset after being reprimanded for his department's poor performance over the prior month. The department's cost control report is given below: Freemont Corporation-Machining Department Cost Control Report For the Month Ended June 30 Actual Results 42,000 Planning Budget Variances Machine-hours 40,000 Direct labor wages Supplies Maintenance Utilities Supervision Depreciation $ 93,500 29,800 25,900 23,600...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,480 Activity variances Planning Budget 9,000 Labor-hours (9) Direct...
apter 9 required Ray Company provided the following excerpts from its Production Department's flexible budget performance report Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (... ero variance). Input all amounts as positive values. Round "rate per hour answers to 2 decimal places.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget 9,480 Planning Activity Variances 9,000 Labor-hours...
Exercise 9-16 Flexible Budgets in a Cost Center [LO9-1, LO9-2] 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 $15.80 $8,200 $1.60q $6,400+$0.80q $1,100 +$0.404 $23,e00 +$3.78q $8,400 $2,100 $11,700 $1.90q Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory...
Problem 9-19 (Algo) Flexible Budget Performance Reports; Working Backwards [LO 9-1,9-2, 9-3, 9-4] Ray Company provided the following excerpts from its Production Department's flexible budget performance report (Round "rate per hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible...
I only need a help with the one which is shown wrong. Thank
you.
Exercise 9-16 Flexible Budgets in a Cost Center (LO9-1, LO9-2] 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...
Can you please fill out this chart? Thank you!
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate pe hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Variances Flexible Results Budget...
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: 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...
Exercise 9-15 Flexible Budget Performance Report in a Cost Center (LO9-1, LO9-2, LO9-3, LO9-4] 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 $16.207 $4,600 +...
Problem 9-26 Critiquing a Cost Report; Preparing a Performance Report [LO9-1, LO9-2, LO9-3, LO9-4, LO9-6] Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visibly upset after being reprimanded for his department's poor performance over the prior month. The department's cost control report is given below: Freemont Corporation-Machining Department Cost Control Report For the Month Ended June 30 Actual Results 42,000 Planning Budget Variances Machine-hours 40,000 Direct labor wages Supplies Maintenance Utilities Supervision Depreciation $ 93,500 29,800 25,900 23,600...
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