Labor-hours (g) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expenses $ $ $ 8,300 82,900 19,060 (q) + + + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results $ $ 1.50 (q) (g) (q) 1.70 (q) $ 9,660 224,370 5,192 S 400 834 Spending Variances 1,960 F 1,630 U 0 None $ Flexible Budget 222,180 22,090 4,624 Activity Variances 1,200 U 0 None Planning Budget 9,180 31,250 4,480

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
Note: 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 (q)
Direct labor
Indirect labor
Utilities
Supplies
Equipment depreciation
Factory administration
Total expenses
$
$
$
8,300
|(q)
+
+
+
82,900
19,060 +
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual
Results
$
$
1.50 (q)
(q)
(q)
1.70 (q)
$
$
9,660
224,370
5,192
400,834
Spending Variances
1,960 F
1,630 U
0 None
Flexible
Budget
$ 222,180
22,090
4,624
Activity Variances
1,200 U
0 None
Planning
Budget
9,180
31,250
4,480
Transcribed Image Text: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. Note: 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 (q) Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expenses $ $ $ 8,300 |(q) + + + 82,900 19,060 + Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results $ $ 1.50 (q) (q) (q) 1.70 (q) $ $ 9,660 224,370 5,192 400,834 Spending Variances 1,960 F 1,630 U 0 None Flexible Budget $ 222,180 22,090 4,624 Activity Variances 1,200 U 0 None Planning Budget 9,180 31,250 4,480
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