Please do not give solution in image format thanku (a) Prepare a flexible budget performance report, assuming that the company worked 7,380 direct labor hours during the month. (List variable costs before fixed costs)BudgetBLUE SPRUCE COMPANYManufacturing Overhead Flexible Budget ReportFor the Month Ended July 31, 2022BudgetActual Costs(b) Prepare a flexible budget performance report, assuming that the company worked 6,970 direct labor hours during the month. (List variable costs before foxed costs)BLUE SPRUCE COMPANYManufacturing Overhead Flexible Budget ReportDifferenceFavorableUnfavorableActual CostsNeither Favorablenor UnfavorableDifferenceFavorableUnfavorableNeither Favorablenor Unfavorable Blue Spruce Company uses a flexible budget for manufacturing overhead based on direct labor hours. Budgeted variablemanufacturing overhead costs per direct labor hour are as follows.Indirect laborIndirect materialsUtilities$1.000.70Budgeted fixed overhead costs per month are Supervision $3,280, Depreciation $984, and property Taxes $656. The companybelieves it will normally operate in a range of 5,740-8,200 direct labor hours per month.Assume that in July 2022, Blue Spruce Company incurs the following manufacturing overhead costs.Fixed CostsVariable Costs0.40UtilitiesIndirect labor$7.216Indirect materials 4,7562,624SupervisionDepreciationProperty taxes$3,280984656(a) Prepare a flexible budget performance report, assuming that the company worked 7,380 direct labor hours during the month. (Listvariable costs before fixed costs)

Name: Please do not give solution in image format thanku (a) Prepare a flexi
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Description: Please do not give solution in image format thanku (a) Prepare a flexible budget performance report, assuming that the company worked 7,380 direct labor hours during the month. (List variable costs before fixed costs)BudgetBLUE SPRUCE COMPANYManufact

The variance is the difference between the actual and standard production cost data. The flexible…

Business

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manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 0.70 0.40 Budgeted fixed overhead costs per month are Supervision $3,280, Depreciation $984, and property Taxes $656. The company believes it will normally operate in a range of 5,740-8,200 direct labor hours per month. Assume that in July 2022, Blue Spruce Company incurs the following manufacturing overhead cost Fixed Costs Variable Costs Indirect labor Indirect materials Utilities $7.216 4,756 2,624 Supervision Depreciation Property taxes $3,280 984 656 (a) Prepare a flexible budget performance report, assuming that the company worked 7,380 direct labor hours during the month. (List

manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.00 0.70 0.40 Budgeted fixed overhead costs per month are Supervision $3,280, Depreciation $984, and property Taxes $656. The company believes it will normally operate in a range of 5,740-8,200 direct labor hours per month. Assume that in July 2022, Blue Spruce Company incurs the following manufacturing overhead cost Fixed Costs Variable Costs Indirect labor Indirect materials Utilities $7.216 4,756 2,624 Supervision Depreciation Property taxes $3,280 984 656 (a) Prepare a flexible budget performance report, assuming that the company worked 7,380 direct labor hours during the month. (List

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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