Homework Answers
C. The Company consumed more direct labour hours.
(Company has actually produced same units as budgeted 18,000 units.
Company has paid $ 19.50 per direct labour hour (354,900 / 18,200) which is less than as budgeted $ 20.00 per direct labour hour.
Company has actually consumed 18,200 direct labour hours in comparison to budgeted 18,000 hours that means company consumed more direct labour hours in producing same quantity as budgeted.
Company Labour rate variance is favourable while Labour quantity variance is unfavourable.)
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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...
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 war Spending Variances Results Budget 9,660 9,660 Activity Variances Planning Budget 9,180 Labor-hours...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate...
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 9,520 9,520 Activity Variances Planning Budget 9,040 Labor-hours (9)...
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...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate...
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...
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...
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-...
Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Variances Flexible Results Budget 9,590 Planning Activity Variances Labor-hours (9) 9,110 Direct labor $ 190,125 $ $ 187,005 18,079 Indirect labor $ $ 3,394 F 1,560 U Utilities $ 7,600 + $ 864 U g) 9) $ $ 23.998 4,410 Supplies ( $ + $ 5,094 4,554 Equipment depreciation 150 $ 0 None $ 0 None Factory administration 18.920 Total expense $ 344,736
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 9.530 Activity Variances Planning Budget 9,050 Labor-hours (9) 5 159,305 $ 157,245 20,812 2,206 F 1,500 U 57.000 Direct labor Indirect labor Utilities Supplies Equipment depreciation 1.409) g) ) 17,860 4350 + 5.010 0 None None 79,650 Factory administration 18 800 + $ 1.40 ) $313.4597 Total expense
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 Flexible war Spending Variances Results Budget 9,660 9,660 Activity Variances Planning Budget 9,180 Labor-hours...
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 9,520 9,520 Activity Variances Planning Budget 9,040 Labor-hours (9)...
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...
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...
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