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warehouse last month. But they only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable." Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $15,300; the fixed component of the budgeted utilities cost is $13,600. Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. Note: Do not round your intermediate calculations. 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. Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Results Machine-hours 42,000 Direct labor wages $ 81.800 Supplies 25.300 Maintenance 24.300 Utilities 22,000 Supervision 49,000 Flexible Budget Planning Budget 40,000 S 79,600 23,200 21,700 20,300 49.000

warehouse last month. But they only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable." Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $15,300; the fixed component of the budgeted utilities cost is $13,600. Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. Note: Do not round your intermediate calculations. 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. Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Results Machine-hours 42,000 Direct labor wages $ 81.800 Supplies 25.300 Maintenance 24.300 Utilities 22,000 Supervision 49,000 Flexible Budget Planning Budget 40,000 S 79,600 23,200 21,700 20,300 49.000

FINANCIAL ACCOUNTING
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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Gadubhai 

warehouse last month. But they only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable." Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $15,300; the fixed component of the budgeted utilities cost is $13,600. Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. Note: Do not round your intermediate calculations. 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. Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Results Machine-hours 42,000 Direct labor wages $ 81.800 Supplies 25.300 Maintenance 24.300 Utilities 22,000 Supervision 49,000 Flexible Budget Planning Budget 40,000 S 79,600 23,200 21,700 20,300 49.000
Transcribed Image Text:warehouse last month. But they only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable." Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $15,300; the fixed component of the budgeted utilities cost is $13,600. Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. Note: Do not round your intermediate calculations. 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. Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Results Machine-hours 42,000 Direct labor wages $ 81.800 Supplies 25.300 Maintenance 24.300 Utilities 22,000 Supervision 49,000 Flexible Budget Planning Budget 40,000 S 79,600 23,200 21,700 20,300 49.000
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