Font Paragraph StylesEditingDictate SensitivityEditor Add-insPasteRead onreMarkableVlipboardStylesVoiceSensitivityEditorAdd-insreMarkableNILAND COMPANY-MACHINING DEPARTMENTFlexible Production BudgetFor the Three Months Ending March 31January FebruaryUnits of productionWagesUtilitiesDepreciationTotalSupporting calculations:Units of productionHours per unitTotal hours of productionWages per hourTotal utilitiesTotal hours of productionUtility costs per hourTotal utilitiesMarchJanuaryFebruaryMarchPage 4 of 6524 words W Text Predictions: OnAccessibility: InvestigateFocus 80a35°FClear AutoSaveOff CFW9-Budgeting Exercis...A Spencer R SchultzHomeInsert DrawDesign LayoutReferencesMailingsReviewViewHelpXĄrMFont ParagraphStylesEditingSensitivityDictateEditor Add-insRead onCereMarkable-oard 5StylesVoiceSensitivityEditorAdd-insSREditingreMarkableThe production supervisor of the Machining Department for Niland Company agreed to thefollowing monthly static budget for the upcoming year:Niland CompanyMachining DepartmentMonthly Production BudgetWagesUtilitiesDepreciationTotal$274,00020,00034,000$328,000The actual amount spent and the actual units produced in the first three months in theMachining Department were as follows:AmountSpentUnitsProducedJanuary $310,00067,000February 296,00061,000March283,00055,000。The Machining Department supervisor has been very pleased with this performance becauseactual expenditures for January-March have been less than the monthly static budget of$328,000.However, the plant manager believes that the budget should not remain fixed for every monthbut should "flex" or adjust to the volume of work that is produced in the Machining Department.Additional budget information for the Machining Department is as follows:Wages per hourUtility cost per direct labor hourDirect labor hours per unitPlanned monthly unit production$15.00$1.100.2573,000a. Prepare a flexible budget for the actual units produced for January, February, and March inthe Machining Department. Assume that depreciation is a fixed cost. Enter all amounts aspositive numbers. If required, use per unit amounts carried out to two decimal places.ge 3 of 6524 wordsText Predictions: OnAccessibility: InvestigateFocus+100%35°FClearQ Search

Font Paragraph Styles Editing Dictate Sensitivity Editor Add-ins Paste Read on reMarkable V lipboard Styles Voice Sensitivity Editor Add-ins reMarkable NILAND COMPANY-MACHINING DEPARTMENT Flexible Production Budget For the Three Months Ending March 31 January Units of production Wages Utilities Depreciation Total Supporting calculations: Units of production Hours per unit Total hours of production Wages per hour Total utilities Total hours of production Utility costs per hour Total utilities February March January February March Page 4 of 6 524 words W Text Predictions: On Accessibility: Investigate Focus 80 35°F Clear

Font Paragraph Styles Editing Dictate Sensitivity Editor Add-ins Paste Read on reMarkable V lipboard Styles Voice Sensitivity Editor Add-ins reMarkable NILAND COMPANY-MACHINING DEPARTMENT Flexible Production Budget For the Three Months Ending March 31 January Units of production Wages Utilities Depreciation Total Supporting calculations: Units of production Hours per unit Total hours of production Wages per hour Total utilities Total hours of production Utility costs per hour Total utilities February March January February March Page 4 of 6 524 words W Text Predictions: On Accessibility: Investigate Focus 80 35°F Clear

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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