In Rooney Company, direct labor is $15 per hour. The company expects to operate at 10,000...

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In Rooney Company, direct labor is $15 per hour. The company expects to operate at 10,000...

In Rooney Company, direct labor is $15 per hour. The company expects to operate at 10,000 direct labor hours each month. In January 2017, direct labor totaling $200,000 is incurred in working 11,000 hours.

Prepare a static budget report.

Prepare a flexible budget report.

business accounting

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Answer 1

Answer #1

1. Prepare a Static Budget Report

Rooney Company

Static Direct Labor Budget Report

For the Month Ended January 31, 2017

Product Line	Budget	Actual	Difference	Favourable / Unfavourable
Direct Labor	$ 150,000	$200,000	$ (50,000)	Unfavourable

Explanation;

Budget = 10,000 * $ 15 = $ 150,000

2. Prepare a Flexible Budget

Rooney Company

Flexible Direct Labor Budget Report

For the Month Ended January 31,2017

Product Line	Budget	Actual	Differences	Favourable / Unfavourable
Direct Labor	$165,000	$200,000	$(35,000)	Unfavourable

Explanation;

Budget = 11,000 * $ 15 = $ 165,000

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Answer 2

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In Rooney Company, direct labor is $15 per hour. The company expects to operate at 10,000...

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