Problem 9-17 (Algo) Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4] Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the 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 (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Labor-hours (a) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense $ 8,100 $ 82,400 $ 19,020 (a) + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 $ 1.60 (a) (a) (a) $ 1.50 (a) Actual Results 9,640 $ 214,250 5,164 $ 387,316 Spending Variances 1,564 F 1,610 U 0 None Flexible Budget $ 212,080 23,004 4,604 Activity Variances 1,104 U 0 None Planning Budget 9,160 29,168 4,460

Problem 9-17 (Algo) Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4] Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the 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 (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Labor-hours (a) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense $ 8,100 $ 82,400 $ 19,020 (a) + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 $ 1.60 (a) (a) (a) $ 1.50 (a) Actual Results 9,640 $ 214,250 5,164 $ 387,316 Spending Variances 1,564 F 1,610 U 0 None Flexible Budget $ 212,080 23,004 4,604 Activity Variances 1,104 U 0 None Planning Budget 9,160 29,168 4,460

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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