Performance Report Bowling Company provided the following information for last y
ID: 2475441 • Letter: P
Question
Performance Report
Bowling Company provided the following information for last year.
Master Budget
Actual Data
Budgeted production 3,500
3,300
units
Direct materials:
9 pounds @ 0.6 per pound
$6,800
Direct labor:
0.6 hr. @ $16 per hour
30,500
VOH:
0.6 hr. @ $2.70
4,200
FOH:
Materials handling, $6,800
6,300
Depreciation, $2,800
2,800
1. Calculate the budgeted amounts for each cost category listed above for the 3,500 budgeted units, then give the total below.
Direct materials
$
Direct labor
$
Variable overhead
$
Fixed overhead:
Materials handling
$
Depreciation
$
Total
Actual
Budgeted
Variance
Variance Type (F, U, N)
Units produced
Direct materials
$
$
$
F
Direct labor
F
Variable overhead
F
Fixed overhead:
Materials handling
U
Depreciation
Total
$
$
$
U
Master Budget
Actual Data
Budgeted production 3,500
3,300
units
Direct materials:
9 pounds @ 0.6 per pound
$6,800
Direct labor:
0.6 hr. @ $16 per hour
30,500
VOH:
0.6 hr. @ $2.70
4,200
FOH:
Materials handling, $6,800
6,300
Depreciation, $2,800
2,800
Explanation / Answer
statement of variances:
Budgeted amount Particular Amount Direct material 18900 direct labour 33600 Variable OH 5670 Fixed OH 6800 Depriciation 2800 Total 67770