Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ray company provided the following excerpts from i

Ray Company provided the following excerpts from its Production Department’s flexible budget performance report. (Indicate the effect...

60.1K

Verified Solution

Question

Accounting

Ray Company provided the following excerpts from itsProduction Department’s flexible budget performance report.(Indicate the effect of each variance by selecting "F" forfavorable, "U" for unfavorable, and "None" for no effect (i.e.,zero variance). Input all amounts as positive values. Round "rateper hour" answers to 2 decimal places.)
Required:
Complete the Production Department’s Flexible BudgetPerformance Report.
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual Results Spending Variances Flexible Budget ActivityVariances Planning Budget
Labor-hours (q) 9,480 9,000
Direct labor ( q) $134,730
$132,720
Indirect labor ( + $1.50 q) 1,780 F 21,640
Utilities ( $6,500 + q) 1,450 U 336 U 12,800
Supplies ( + q) 4,940
4,444
4,300
Equipment depreciation ( $78,400 ) 0 None 0 None
Factory administration ( $18,700 + $1.90 q)
Total expense $288,088

Answer & Explanation Solved by verified expert
3.7 Ratings (572 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assume the managers of the Fort Winton Hospital are setting the price on a new outpatient...

Finance
Q

The solutions at the two Pb electrodes of a concentration cell were prepared as follows: Cell A:...

Chemistry
Q

Describe how the neural circuitry changed after static stretching and how this might reduce vertical jump...

Medical Sciences
Q

The family services agency where you counsel survivors of domestic violence is undergoing significant budget cuts....

Psychology
Q

Add a methyl substituent at position 2 and an isopropoxy substituent at position 4 to...

Biology
Q

c 2p3 3p1 P2 d p3 51 A solid sphere of radius r is floating...

Physics
Q

Solve the compound inequality. Graph the solution set and write it in interval notation.x <...

Basic Math
Q

Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain...

Accounting
Q

AP11-3A (Issuance of common and preferred shares) Prince Observation incorporated on May 1, 2020, and...

Accounting
Q

Describe the types of activities in each of the three main sections of the Statement...

Accounting
Q

Hallick, Incorporated has a fiscal year ending June 30. Taxable income was $6,500,000 for its...

Accounting
Q

Eckhart Company uses the absorption costing approach to cost-plus pricing as described in the text...

Accounting