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.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Planning Activity Variances Budget Labor-hours (q) 9,510 9,030 Direct labor (a) $ 150,445 $ 147,405 Indirect labor + $ 1.20 (q) Utilities $ 6,800 + (q) Supplies + 爸爸 2,938 F 1,480 U 18.862 480 U 15,830 (a) 4,982 4,474 4,330 $ Equipment depreciation 0 None 0❘ None 79.150 $ Factory administration + 18,760 1.20 (q) Total expense $ 297,293
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.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Planning Activity Variances Budget Labor-hours (q) 9,510 9,030 Direct labor (a) $ 150,445 $ 147,405 Indirect labor + $ 1.20 (q) Utilities $ 6,800 + (q) Supplies + 爸爸 2,938 F 1,480 U 18.862 480 U 15,830 (a) 4,982 4,474 4,330 $ Equipment depreciation 0 None 0❘ None 79.150 $ Factory administration + 18,760 1.20 (q) Total expense $ 297,293
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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.)
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual
Results
Spending Variances
Flexible
Budget
Activity Variances
Planning
Budget
Labor-hours (q)
9,510
9,030
Direct labor
(q)
$ 150,445
$ 147,405
Indirect labor
+
S
1.20 (a)
Utilities
$ 5,800
+
(q)
2.938 F
1,480 U
18.862
480 U
15,830
Supplies
+
(a)
4,982
4,474
4,330
$
Equipment depreciation
0 None
0❘ None
79.150
$
Factory administration
18,760
+ $ 1.20 (q)
Total expense
$ 297,293](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F95c56668-3561-473f-b316-c0a6a676416d%2Fba6d23d7-fc9e-473c-9824-31bf3e25abc7%2Fd47hlyn_processed.png&w=3840&q=75)
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. (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.)
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual
Results
Spending Variances
Flexible
Budget
Activity Variances
Planning
Budget
Labor-hours (q)
9,510
9,030
Direct labor
(q)
$ 150,445
$ 147,405
Indirect labor
+
S
1.20 (a)
Utilities
$ 5,800
+
(q)
2.938 F
1,480 U
18.862
480 U
15,830
Supplies
+
(a)
4,982
4,474
4,330
$
Equipment depreciation
0 None
0❘ None
79.150
$
Factory administration
18,760
+ $ 1.20 (q)
Total expense
$ 297,293
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