Prepare a performance report that will help Mr. Weston\'s superiors assess how w

Question

Prepare a performance report that will help Mr. Weston's superiors assess how well costs were controlled in the Machining Department.

Cost Control Report
For the Month Ended June 30 Planning
Budget Actual
Results Variances   Machine-hours 33,300    36,900      Direct labor wages $76,590    $86,800    $10,210 U   Supplies 19,980    23,600    3,620 U   Maintenance 106,300    138,000    31,700 U   Utilities 14,830    16,300    1,470 U   Supervision 38,000    38,000    0   Depreciation 80,000    80,000    0   Total $335,700    $382,700    $47,000 U

Explanation / Answer

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Please find the answer as follows:

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Planning
Budget Activity Variances Flexible
Budget Spending Variances Actual
Results Machine Hours 33300

36900


Direct Labor (76590/33300) 76590 -8280 U 84870 -1930 U 86800 Supplies (19980/33300) 19980 -2160 U 22140 -1460 U 23600 Maintenance (33300/33300 + 73000) 106300 -3600 U 109900 -28100 U 138000 Utilities (3330/33300 + 11500) 14830 -360 U 15190 -1110 U 16300 Supervision 38000 0
38000 0
38000 Depreciation 80000 0
80000 0
80000 Total 335700 -14400
350100 -32600
382700

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