Problem 9-17 (Static) 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. Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Labor-hours (q) Direct labor Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget 9,480 9,000 q) $ 134,730 $ 132,720 Indirect labor Utilities $ 6,500 Supplies $ Equipment depreciation 78,400 $ Factory administration $ 1.90 q) 18,700 Total expense $ 288,088 + $ 1.50 q) + q) 1,780 F 1,450 U 21,640 336 U 12,800 + a) 4,940 4,444 4,300 0 None 0 None
Problem 9-17 (Static) 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. Required: Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal places.) Labor-hours (q) Direct labor Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget 9,480 9,000 q) $ 134,730 $ 132,720 Indirect labor Utilities $ 6,500 Supplies $ Equipment depreciation 78,400 $ Factory administration $ 1.90 q) 18,700 Total expense $ 288,088 + $ 1.50 q) + q) 1,780 F 1,450 U 21,640 336 U 12,800 + a) 4,940 4,444 4,300 0 None 0 None
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Vikram Bhai
![Problem 9-17 (Static) 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.
Required:
Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each varlance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Round "rate per
hour" answers to 2 decimal places.)
Labor-hours (q)
Direct labor
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual
Results
Spending Variances
Flexible
Budget
Activity Variances
Planning
Budget
9,480
9,000
q)
$ 134,730
$ 132,720
Indirect labor
Utilities
$ 6,500
Supplies
$
Equipment depreciation
78,400
$
Factory administration
$ 1.90 q)
18,700
Total expense
$ 288,088
+
$
1.50 q)
+
q)
1,780 F
1,450 U
21,640
336 U
12,800
+
a)
4,940
4,444
4,300
0 None
0 None](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f81d598-e6ad-449a-ab88-f2d4295585ee%2F35eb74fa-a8e6-4f29-a7a2-1e88496ec735%2Fsh8ejzg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 9-17 (Static) 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.
Required:
Complete the Production Department's Flexible Budget Performance Report. (Indicate the effect of each varlance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Round "rate per
hour" answers to 2 decimal places.)
Labor-hours (q)
Direct labor
Ray Company
Production Department Flexible Budget Performance Report
For the Month Ended August 31
Actual
Results
Spending Variances
Flexible
Budget
Activity Variances
Planning
Budget
9,480
9,000
q)
$ 134,730
$ 132,720
Indirect labor
Utilities
$ 6,500
Supplies
$
Equipment depreciation
78,400
$
Factory administration
$ 1.90 q)
18,700
Total expense
$ 288,088
+
$
1.50 q)
+
q)
1,780 F
1,450 U
21,640
336 U
12,800
+
a)
4,940
4,444
4,300
0 None
0 None
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