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 | + | $0.70 | q) | $14,586.00 | $1,450.00 | U | $13,136.00 | $336.00 | U | $12,800.00 |
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) | $35,572.00 | $1,140.00 | F | $36,712.00 | $912.00 | U | $35,800.00 |
Total expense | $288,088.00 | $1,036.00 | U | $287,052.00 | $8,832.00 | U | $278,220.00 |
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Indicate the...
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...
Help 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 (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 Flexible Results Spending Variances Budget Activity Variances Planning Budget Labor-hours (9) 9,610 9,130...
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 (.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget...
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 (.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 For the Month Actual Flexible Results Spending Variances variances Budget 9,600 Activity Variances Planning Budget...
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 (i.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget...
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 (i.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget...
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 (i.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget...
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 (i.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Spending Variances Results Budget...
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 (i.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Flexible Results Spending Variances Budget 9,580 Activity Variances Planning Budget 9,100 Labor-hours (9) Direct labor...
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 (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 Spending Variances Budget 9,520 Activity Variances Planning Budget 9,040 Labor-hours...