MANAGERIAL ACCOUNTING W/CONNECT
16th Edition
ISBN: 9781260586916
Author: Garrison
Publisher: MCG CUSTOM
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Chapter 9, Problem 19P
PROBLEM 9−19: Flexible Budget Performance Reports; Working BackwardsLO 9−1, LO 9−2, 9−3, 9-4
Ray Company provided the following excerpts 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.
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Practice : (see attachemnt)
please address parts B, C, D
please show any calculations for reference
a) What is meant by the term flexible budget? What role do flexible budgets play in evaluating performance?
The cost accountant for Bradley, Inc., prepared the following monthly performance report relating to the Finishing Department:
Budgeted Production Actual Production
number units: 6000 units 6500 units
Direct materials: $90,000 $99,600
Direct labor: $48,000 $55,200
Variable Manufacturing Overhead: $6,000 $9,000
Fixed Manufacturing Overhead: $66,000 $64,200
What would the flexible budget amounts be for each of the following:
Direct materials
Direct labor
Variable manufacturing overhead
Compute the…
A company provided the following information from its flexible budget performance report:
Actual
Flexible
Master
Results
Budget
Budget
Trips (q)
52
Expenses:
Maintenance expense ($4,000 + $88.00g)
$8,495
?
$8,400
What is the spending variance for maintenance expense?
Multiple Choice
None of the answers is correct.
$176 U
$81 U
$81 F
Assume that a company provided the following excerpts of information from its flexible budget performance report:
Actual Results
Flexible Budget
Planning Budget
Flights (q)
52
?
?
Expenses:
Wages and salaries ($4,000 + $88.00q)
$
8,450
?
$
8,400
What is the spending variance for wages and salaries expense?
Multiple Choice
$176 U
$126 F
$176 F
$126 U
Chapter 9 Solutions
MANAGERIAL ACCOUNTING W/CONNECT
Ch. 9 - Prob. 1QCh. 9 - What is a flexible budget and how does it differ...Ch. 9 - Prob. 3QCh. 9 - Why is it difficult to interpret a difference...Ch. 9 - What is an activity variance and what does it...Ch. 9 - What is a revenue variance and what does it mean?Ch. 9 - 9-7 What is a spending variance and what does it...Ch. 9 - 9-8 What does a flexible budget performance report...Ch. 9 - How does a flexible budget based on two cost...Ch. 9 - 9-10 What assumption is implicitly made about cost...
Ch. 9 - 9-11 What assumption is implicitly made about cost...Ch. 9 - The Excel worksheet form that appears below is to...Ch. 9 - The Excel worksheet form that appears below is to...Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Prob. 2F15Ch. 9 - Prob. 3F15Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Adger Corporation is a service company that...Ch. 9 -
L09-1, LO9-2, LO9-3
Adger Corporation is a...Ch. 9 - Prob. 8F15Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Prob. 10F15Ch. 9 - Prob. 11F15Ch. 9 - Prob. 12F15Ch. 9 - Prob. 13F15Ch. 9 - Prob. 14F15Ch. 9 - Prob. 15F15Ch. 9 - Prob. 1ECh. 9 - Prob. 2ECh. 9 -
EXERCISE 9-3 Revenue and Spending Variances...Ch. 9 - Prob. 4ECh. 9 - Prob. 5ECh. 9 - EXERCISE 9-6 Critique a Variance ReportLO9-6 The...Ch. 9 - Prob. 7ECh. 9 - EXERCISE 9-8 Flexible Budgets and Activity...Ch. 9 - Fixed Cost...Ch. 9 - ...Ch. 9 -
EXERCISE 9-11 Flexible Budget L09-1
Refer to the...Ch. 9 - EXERCISE 9-12 Activity Variances LO9-2
Refer to...Ch. 9 - ...Ch. 9 -
EXERCISE 9-14 Prepare a Flexible Budget...Ch. 9 - Prob. 15ECh. 9 -
EXERCISE 9-16 Flexible Budgets and Revenue and...Ch. 9 - EXERCISE 9-17 Flexible Budget Performance Report...Ch. 9 - Prob. 18ECh. 9 - PROBLEM 919: Flexible Budget Performance Reports;...Ch. 9 -
PROBLEM 9-20 Activity and Spending Variances...Ch. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 -
PROBLEM 9-24 Critiquing a Report; Preparing a...Ch. 9 -
PROBLEM 9-25 Critiquing a Variance Report;...Ch. 9 - PROBLEM 9-26 Critiquing a Cost Report; Preparing a...Ch. 9 - Prob. 27CCh. 9 - ...Ch. 9 - Prob. 29C
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