Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem 9-19 flexible budget performance reports;

Problem 9-19 Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4] Ray Company...

80.2K

Verified Solution

Question

Accounting

image

Problem 9-19 Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4] Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour" answers to 2 decimal places. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Budget FlexibleActivity Variances Planning Budget Labor-hours (q) 9,540 9,060 $ 164,250 $ 162,180 Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory administration Total expense q) $ 1,840 F $ 21,790 q) q) q) 5,024 1.50 1,510u $ 624 U 144 7,100+ 18,878 4,504$ 4,360 ( 0 None 0 None 79,900 18,820 1.50 $ 322,066

Answer & Explanation Solved by verified expert
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

Q

Bond valuationlong dash—Semiannual interest???Calculate the value of each of the bonds shown in the following? table, all of...

Finance
Q

Which of the following is not one of the intuitive reasons that a cash flow in...

Finance
Q

action potentials in cardiac muscle originates within a-pacemakers b-alpha neuron neuron c-gamma moror neuron d-spinal cord

Medical Sciences
Q

1)Define or illustrate the following: anatomy of the ear including external-middle-and-internal ear, detail of cochlea anatomy, myopia,...

Medical Sciences
Q

Your project to obtain charitable donations is now 38 days into a planned 48-day project. The...

General Management
Q

The reaction below shows the process by which the protease Chymotrypsin becomes activated What is...

Biology
Q

The following revenue-based profit functions were for X Company's only two products, A...

Accounting
Q

1. On September 1, 2020, a student paid $6,000 for tuition for the academic year...

Accounting
Q

E-mail : [email protected] Income statement Year ended Dec, 31?st,2022 \table[[Sales,3500000],[Cost...

Accounting
Q

Beckner Inc , is a job order manufacturer. The company uses a determined overhead rate...

Accounting
Q

Required information Exercise 5-21 Complete the accounting cycle using receivable transactions (LO5-1, 5-4, 5-5, 5-7,...

Accounting
Q

Laner Company has the following data for the production and sale of 2,500 units. Sales...

Accounting