Use the Information below to answer the two questions that follow.A company provides delivery services and uses two activity measures for its costs: the miles driven and the number of customer order.For the most recent month, the company reported the following information:Actual$ 12,940$ 22 per mile$ 13 per orderBudgetedFixed cost per monthVarlable cost per mileVarlable cost per order$ 26$ 12Miles drivenCustomer ordersBudgeted74480Actual64miles460 ordersSpending Varlance for total costs$203 UnfavorableQ. What was the company's budgeted fixed cost per month?ANS. SQ. What was the company's activity variance for the month?ANS. $(Click to select) v

Variance analysis is a vital tool used by managers to control cost.

Use the information below to answer the two questions that follow. A company provides delivery services and uses two activity measures for its costs: the miles driven and the number of customer order For the most recent month, the company reported the following information: Budgeted Actual Fixed cost per month Varlable cost per mile Variable cost per order $ 26 $ 12 $ 12.940 $ 22 per mile $13 per order Miles driven Customer orders Budgeted 74 480 Actual 64miles 460 orders Spending Varlance for total costs $203 Unfavorable Q What was the company's budgeted fixed cost per month? ANS, $ Q. What was the company's activity variance for the month? ANS. (Cick to select)

Use the information below to answer the two questions that follow. A company provides delivery services and uses two activity measures for its costs: the miles driven and the number of customer order For the most recent month, the company reported the following information: Budgeted Actual Fixed cost per month Varlable cost per mile Variable cost per order $ 26 $ 12 $ 12.940 $ 22 per mile $13 per order Miles driven Customer orders Budgeted 74 480 Actual 64miles 460 orders Spending Varlance for total costs $203 Unfavorable Q What was the company's budgeted fixed cost per month? ANS, $ Q. What was the company's activity variance for the month? ANS. (Cick to select)

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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Harmon Recycling Services (HRS), a not-for-profit organization, has two drop-off centers, Westside and Eastside. Data for the expected operation in the next quarter follow. Clients Revenues Eastside 25,000 $360,000 8,100 Westside 6,250 $ 240,000 2,700 $ 99,000 $ 108,000 Staff hours Staff costs General operating costs Required: a. Compute the predetermined overhead rate used to apply general operating costs to the two centers assuming HRS uses the number of clients to allocate general operating costs. b. Based on the rates computed in requirement (a), what is the expected surplus (revenues less costs) for each center? Required A Required B Complete this question by entering your answers in the tabs below. Predetermined overhead rate Total 31,250 $ 600,000 10,800 $ 207,000 $360,000 Compute the predetermined overhead rate used to apply general operating costs to the two centers assuming HRS uses the number of clients to allocate general operating costs. Note: Round your answer to 2…
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Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration. Cost Formulas $16.10q $4,100 +$1.60q $5,400 + $0.40q $1,400 +$0.10q $18,600 + $2.50q $8,100 $2,700 $13,600 +$0.90q The Production Department planned to work 4,400 labor-hours in March; however, it actually worked 4,200 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Actual Cost Incurred in March $ 69,160 $ 10,320 $ 7,550 Indirect labor Utilities Supplies Factory rent $ 2,050 Equipment depreciation $ 29,100 $ 8,500 $ 2,700 $ 16,790 Property taxes Factory administration Required: 1. Prepare the Production…