Check my work 4 Ray Company provided the following excerpts from its Production
ID: 2563223 • Letter: C
Question
Check my work 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 variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) points Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Skipped Actual Spending Variances Bud Results Flexible Activity Variances Budge Planning eBook Labor-hours (q) 9,550 9,070 Print q) $ 169,205 S 167,125 S 22,770 Direct labor Indirect labor Utilities Supplies $1,474 F $1,520 U 1.60) 19,898 4,370 7,200+ q) q)5,038 672 U 144 S 4,514 S t depreciation80,150 0 None 01 None Factory administration q) 18,840 1.60 Total expense $ 330,689 Reference linksExplanation / Answer
Actual Spending variance Flexible budget Activity variance Planning budget Labor-hours 9550 9550 9070 Direct labor 17.50 169205 2085 U 167120 8395 U 158725 Indirect labor 7490 1.6 21296 1474 F 22770 768 U 22002 Utilities 7200 1.4 22090 1520 U 20570 672 U 19898 Supplies 1649 0.3 5038 524 U 4514 144 U 4370 Equipment depreciation 80150 80150 0 None 80150 0 None 80150 Factory administration 18840 1.6 32910 1210 F 34120 768 U 33352 Total expense 330689 1445 U 329244 10747 U 318497