Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Flexible Results Varlances Budget Variances Budget Activity Planning Labor-hours (q) 9,480 9,000 ? $132,720 $ 21,640 Direct labor ($?9) Indirect labor ($? + $1.50q) Utilities ($6,500 + $?q) Supplies ($? + $?q) Equipment depreciation ($78,400) .. Factory administration ($18,700 +$1.90q) . Total expense $134,730 $ ? 1,780 F 1,450 U ..... 336 U 12,800 4,300 ........ 4,940 4,444 .... $288,088 $ ... 2.
Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Flexible Results Varlances Budget Variances Budget Activity Planning Labor-hours (q) 9,480 9,000 ? $132,720 $ 21,640 Direct labor ($?9) Indirect labor ($? + $1.50q) Utilities ($6,500 + $?q) Supplies ($? + $?q) Equipment depreciation ($78,400) .. Factory administration ($18,700 +$1.90q) . Total expense $134,730 $ ? 1,780 F 1,450 U ..... 336 U 12,800 4,300 ........ 4,940 4,444 .... $288,088 $ ... 2.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...
Related questions
Question
Flexible Budget Performance Reports; working Backwards
Ray company provided the following experts from its production departments flexible budget performance report:
Required:
Complete the Production Department’s Flexible Budget Performance Report by filling in all the question marks.
Transcribed Image Text:Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual Spending Flexible
Results Varlances Budget Variances Budget
Activity Planning
Labor-hours (q)
9,480
9,000
? $132,720 $
21,640
Direct labor ($?9)
Indirect labor ($? + $1.50q)
Utilities ($6,500 + $?q)
Supplies ($? + $?q)
Equipment depreciation
($78,400) ..
Factory administration
($18,700 +$1.90q) .
Total expense
$134,730 $
? 1,780 F
1,450 U
.....
336 U
12,800
4,300
........
4,940
4,444
....
$288,088 $
...
2.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,