Homework Answers
Answers
[1]
|
WORKING COLUMNS |
Planning Static Budget |
|||||||||
|
Labor hours |
4400 |
|||||||||
|
Expenses: |
||||||||||
|
Direct Labor |
( |
$ - |
) |
$ 16.20 |
x 4400 |
$ 71,280.00 |
||||
|
Indirect Labor |
( |
$ 4,700.00 |
) |
$ 2.10 |
x 4400 |
) |
$ 13,940.00 |
|||
|
Utilities |
( |
$ 5,200.00 |
+ |
$ 0.70 |
x 4400 |
) |
$ 8,280.00 |
|||
|
Supplies |
( |
$ 1,800.00 |
+ |
$ 0.30 |
x 4400 |
) |
$ 3,120.00 |
|||
|
Equipment Depreciation |
( |
$ 18,200.00 |
+ |
$ 2.80 |
x 4400 |
$ 30,520.00 |
||||
|
Factory Rent |
( |
$ 8,500.00 |
) |
$ - |
x 4400 |
$ 8,500.00 |
||||
|
Property Taxes |
( |
$ 2,500.00 |
) |
$ - |
x 4400 |
$ 2,500.00 |
||||
|
Factory Administration |
( |
$ 13,300.00 |
) |
$ 0.60 |
x 4400 |
$ 15,940.00 |
||||
|
Total Expenses |
$ 54,200.00 |
$ 22.70 |
$ 154,080.00 |
|||||||
[2]
|
WORKING COLUMNS |
Flexible Budget |
||||||
|
Labor hours |
4,200 |
||||||
|
Expenses: |
|||||||
|
Direct Labor |
( |
$ - |
) |
$ 16.20 |
x 4200 |
$ 68,040.00 |
|
|
Indirect Labor |
( |
$ 4,700.00 |
) |
$ 2.10 |
x 4200 |
) |
$ 13,520.00 |
|
Utilities |
( |
$ 5,200.00 |
+ |
$ 0.70 |
x 4200 |
) |
$ 8,140.00 |
|
Supplies |
( |
$ 1,800.00 |
+ |
$ 0.30 |
x 4200 |
) |
$ 3,060.00 |
|
Equipment Depreciation |
( |
$ 18,200.00 |
+ |
$ 2.80 |
x 4200 |
$ 29,960.00 |
|
|
Factory Rent |
( |
$ 8,500.00 |
) |
$ - |
x 4200 |
$ 8,500.00 |
|
|
Property Taxes |
( |
$ 2,500.00 |
) |
$ - |
x 4200 |
$ 2,500.00 |
|
|
Factory Administration |
( |
$ 13,300.00 |
) |
$ 0.60 |
x 4200 |
$ 15,820.00 |
|
|
Total Expenses |
$ 54,200.00 |
$ 22.70 |
$ 149,540.00 |
||||
[3]
|
Actual Result |
Revenue & Spending Variance |
Flexible Budget |
Activity variance |
Planning Static Budget |
|||
|
Labor hours |
4,200 |
4,200 |
4,400 |
||||
|
Expenses: |
|||||||
|
Direct Labor |
$ 69,600.00 |
$ 1,560.00 |
U |
$ 68,040.00 |
$ 3,240.00 |
F |
$ 71,280.00 |
|
Indirect Labor |
$ 13,120.00 |
$ 400.00 |
F |
$ 13,520.00 |
$ 420.00 |
F |
$ 13,940.00 |
|
Utilities |
$ 8,670.00 |
$ 530.00 |
U |
$ 8,140.00 |
$ 140.00 |
F |
$ 8,280.00 |
|
Supplies |
$ 3,330.00 |
$ 270.00 |
U |
$ 3,060.00 |
$ 60.00 |
F |
$ 3,120.00 |
|
Equipment Depreciation |
$ 29,960.00 |
$ - |
N |
$ 29,960.00 |
$ 560.00 |
F |
$ 30,520.00 |
|
Factory Rent |
$ 8,900.00 |
$ 400.00 |
U |
$ 8,500.00 |
$ - |
None |
$ 8,500.00 |
|
Property Taxes |
$ 2,500.00 |
$ - |
N |
$ 2,500.00 |
$ - |
None |
$ 2,500.00 |
|
Factory Administration |
$ 15,170.00 |
$ 650.00 |
F |
$ 15,820.00 |
$ 120.00 |
F |
$ 15,940.00 |
|
Total Expenses |
$ 151,250.00 |
$ 1,710.00 |
U |
$ 149,540.00 |
$ 4,540.00 |
F |
$ 154,080.00 |
Add Answer to:
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...
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:
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...
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 $16.20g $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...
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...
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...
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...
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 +...
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 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 $16.40 $4,400 + $2.00 $5,600 + $0.909 $1,300 + $0.109 $18,600 + $3.00 $8,600 $2,500 $13,400 + $0.909...
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 $16.209 $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...
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 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 $16.509 $4,700 + $1.909 $5,000 + $0.500 $1,300 + $0.400 $18,000 + $2.709 $8,300 $2,500 $13,200 + $0.709...
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:
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...
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 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 $16.609 $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 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 +...
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 $16.40 $4,400 + $2.00 $5,600 + $0.909 $1,300 + $0.109 $18,600 + $3.00 $8,600 $2,500 $13,400 + $0.909...
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:
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 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 $16.509 $4,700 + $1.909 $5,000 + $0.500 $1,300 + $0.400 $18,000 + $2.709 $8,300 $2,500 $13,200 + $0.709...
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