Question

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 variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Spending Flexible Activity Planning Results Variances Budget Variances Budget Labor-hours (q) 9,490 9,010 $\nDirect labor q) 140,625 137,605 $\nIndirect labor ( + $\n1.00 q) 3,670 F 16,920 $\nUtilities ( 6,600 + q) 1,460 U 384 U Supplies + q) 4,954 4,454 13,808 4,310 Equipment depreciation $( 78,650) 0 None 0 None Factory administration $\n18,720 $\n+ 1.00 q)

          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 variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Required:
Complete the Production Department's Flexible Budget Performance Report.
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual
Spending
Flexible
Activity
Planning
Results
Variances
Budget Variances Budget
Labor-hours (q)
9,490
9,010
$\nDirect labor
q)
140,625
137,605
$\nIndirect labor
(
+
$\n1.00 q)
3,670 F
16,920
$\nUtilities
(
6,600
+
q)
1,460 U
384 U
Supplies
+
q)
4,954
4,454
13,808
4,310
Equipment
depreciation
$(
78,650)
0 None
0 None
Factory
administration
$\n18,720
$\n+
1.00 q)

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 variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Required:
Complete the Production Department's Flexible Budget Performance Report.
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual
Spending
Flexible
Activity
Planning
Results
Variances
Budget Variances Budget
Labor-hours (q)
9,490
9,010
labor
q)
140,625
137,605labor
(
+
1.00 q)
3,670 F
16,920(
6,600
+
q)
1,460 U
384 U
Supplies
+
q)
4,954
4,454
13,808
4,310
Equipment
depreciation
(
78,650)
0 None
0 None
Factory
administration18,720
+
1.00 q)

Added by Guillermo T.

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