Western Manufacturing produces a single product. The original budget for April was based on expected production of 20,000 units; actual production for April was 22,000 units. The original budget and actual costs incurred for the manufacturing department follow: Direct materials Direct labor Variable overhead Fixed overhead Total Item Required: Prepare an appropriate performance report for the manufacturing department. Note: Do not round 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). Direct materials Direct labor Variab overhead Fixed overhead Total Original Budget $ 320,000 266,000 113,000 73,500 $ 772,500 Original Budget (20,000 units) $ $ 320,000 266,000 Actual Costs $ 350,000 286,500 115,600 80,000 $ 832,100 Flexed Budget (22,000 units) 73,500 772,500 $ Actual Cost $ 350,000 286,500 115,600 80,000 0$ 832,100 Variance

Western Manufacturing produces a single product. The original budget for April was based on expected production of 20,000 units; actual production for April was 22,000 units. The original budget and actual costs incurred for the manufacturing department follow: Direct materials Direct labor Variable overhead Fixed overhead Total Item Required: Prepare an appropriate performance report for the manufacturing department. Note: Do not round 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). Direct materials Direct labor Variab overhead Fixed overhead Total Original Budget $ 320,000 266,000 113,000 73,500 $ 772,500 Original Budget (20,000 units) $ $ 320,000 266,000 Actual Costs $ 350,000 286,500 115,600 80,000 $ 832,100 Flexed Budget (22,000 units) 73,500 772,500 $ Actual Cost $ 350,000 286,500 115,600 80,000 0$ 832,100 Variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

15. Briefly discuss the following: a. Meaning of ARR and reasons for its continued popularity. b. Meaning of IRR and its characteristics.
13 THE 3 PS (PEOPLE. PLANET. PROFIT)
Sh6 Please help me Thankyou
To prepare the statement of cash flows using the indirect method: Group of answer choices A)A decrease in inventory is added to net income. B)A purchase of a machine is subtracted from net income. c)Cash paid for dividends is added to net income. d)A decrease in accounts payable is added to net income. e)None of the above
E14.7
for requirement 17, why do you multiply 120 by 11, where does the 11 come from?
E14.2
Which of the following is a correct statement? O A. the fixed manufacturing cost is based on a per unit cost, when using Variable Costing O B. the fixed manufacturing cost is based on a per unit cost, when using Absorption Costing and a total cost, when using Variable Costing Oc the variable manufacturing cost is shown as a total cost in both Variable Costing and Absorption Costing O D. the fixed manufacturing cost is always shown as a total cost, when using Absorption Costing
What information is included in Form 10-K?
7-3 A
E10.15
6 The main difference between US GAAP and IFRS is?