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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

An engineer designed a valve that will regulate water pressure on an automobile engine. The engineer...

Psychology
1.2K views

When random assignment is not used, which of the following is an issue that may result? the...

Accounting
1.2K views

Whitt Valley Presbyterian Hospital is a nonprofit initial care facility. For the hospital’s calendar year ending...

Basic Math
1.2K views

3 Prescribed dosage of a certain drug is 11 mg kg that is 11 milligram...

Algebra
1.2K views

The base of a triangle is 24 cm and its height is 56 cm Find...

Algebra
1.2K views

4 Show that the sequences of functions f n k 1 1 x converges k...

Algebra
1.2K views

11a Write an expression and combine like terms the sum of twice x and 5...

Accounting
1.2K views

JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At December 30, 2018 and...

Accounting
1.2K views

Julio and Milania are owners of Falcons Corporation, an s corporation. They each own 50...

Accounting
1.2K views

Splish Inc.s only temporary difference at the beginning and end of 2019 is caused by...

Accounting
1.2K views

A company had stock outstanding as follows during each of its first three years of...

Accounting
1.2K views

Promise Enterprises acquired 80 percent of Brown Corporations voting common stock on January 1, 20X3,...