Static Actual Budget Budget Variance Machine-hours 39,920 36,600 Direct labour wages $ 86,100 $ 84,180 $1,920 U Supplies Maintenance 24,220 21,960 2,260 U 145,300 142,160 3,140 U Utilities 17.620 16,960 660 U Supervision Depreciation Total 41,200 41,200 83,200 83,200 $397,640 $389,660 $ 7,980 U
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- Item to Classify Standard Actual Sales Revenue 832,000 853,000 Wages 137,000 141,200 S&A Expenses 412,000 421,200 Cost of Goods Sold 621,200 612,000 The sales revenue flexible budget variance was: Multiple Choice $21,000 unfavorable. $11,800 favorable. $21,000 favorable. $11,800 unfavorable.Flexible Analysis Report Actual Flexible Sales-Volume Static Budget Results Budget Variances Budget Variance 18,500 A) B) C) 20,000 Units Sold D) $185,000 Fav E) F) G) Revenues H $92,500 Un I) $90,000 Fav J) Variable Costs K) $50,000 Fav L) M) $500,000 Fixed Costs N) O) P) Q) R) Operating Income A) B) C) D) E) F) G) H) I) J) K) L) M) N) O) P) Q) Q)MC Qu. 6-26 Ralston has the following budgeted costs... Ralston has the following budgeted costs at its anticipated production level (expressed in hours): variable overhead, $172,200; fixed overhead, $330,000. If Ralston now revises its anticipated production slightly upward, it would expect: Multiple Choice total fixed overhead of $330,000 and a lower hourly rate for variable overhead. total fixed overhead of $330,000 and the same hourly rate for variable overhead. total fixed overhead of $330,000 and a higher hourly rate for variable overhead. total variable overhead of less than $172,200 and a lower hourly rate for variable overhead. total variable overhead of less than $172,200 and a higher hourly rate for variable overhead.
- lNoneMaster Actual Budget Sales (units) 800,000 780,000 Sales Revenue 6,000,000.47 5,790,000.59 Variable Costs Blank flash drives 1,800,000.24 1,800,000.44 Direct labor 420,000.55 495,000.94 Variable overhead 780,000.24 717,000.34 Variable marketing & admin 600,000.48 615,000.75 Total Variable Costs 3,600,001.51 3,627,002.47 Contribution Margin 2,399,998.96 2,162,998.12 Fixed Costs Manufacturing overhead 1,164,000.68 1,164,000.68 Marketing 360,000.38 360,000.38 Administrative 195,000.92 195,000.92 Total Fixed Costs 1,719,001.98 1,719,001.98 Profit 680,996.98 443,996.14 Calculate a flexible budget and…
- Budgeted variable factory overhead costs: $354,000 Budgeted production in units: 60,000 units Budgeted time: 2 direct labor hours per unit Allocation base: direct labor hours Actual production in units: 58,600 units Actual variable factory overhead costs incurred: $338,500 Actual direct labor hours used: 119,000 hours CALCULATE VARIABLE FACTORY OVERHEAD ALLOCATED: Allocated: $__________ CALCULATE VARIABLE FACTORY OVERHEAD SPENDING (PRICE) VARIANCE :…1Budgeted Revenues = $300,000, COGS = $180,000, SG&A=90,000. Actual Revenues = $285,000, COGS = $178,000, SG&A= $87,000. What is the COGS variance from adjusted budget (in dollars)? O $7,000 O $2,000 O-$2,000 O $1,900
- Can you please check my workEXERCISES Exercise 1 Jenner Company developed its annual manufacturing overhead budget for its master budget for 2008 as follows: Expected annual operating capacity Variable overhead costs 120,000 Direct Labor Hours Indirect labon Indirect materials $420,000 90,000 30,000 _540,000 Factory supplies Total variable Fixed overhead costs Depreciation Supervision Property taxes Total fixed 180,000 120,000 96,000 396,000 $936,000 Total costs The relevant range for monthly activity is expected to be between 8,000 and 12,000 direct labor hours . Instructions Prepare a flexible budget for a monthly activity level of 8,000 and 9,000 direct labor hours. Exercise 2 Fagan Company uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $5.00 Indirect materials Maintenance Utilities 2.50 50 30 Fixed overhead costs per month are: Supervision Insurance $600 200 Property taxes Depreciation 300 900 The…ABC Company provided you with the following data: Budgeted Fixed FOH costs $207,000; Actual FOH incurred $555,000; Variable FOH rate per direct labor hour $5; Fixed FOH rate per direct labor hour $3; Standard direct labor hours 68,000; Actual direct labor hours used 70,000. What is the total amount of spending variance? $2,000 Unfavorable $2,000 Favorable $8,000 Unfavorable $8,000 Favorable None of the above