c. Direct Material WHAM Price Quantity/Efficiency Totals Price Efficiency Total d. Direct Labor Totals \begin{tabular}{l|l|l} Price & Efficiency \end{tabular} e. Variable FOH f. What should management be looking into for further investigation? g. Do you think they should have waited until the end of the year to analyze the differences between actual results and planned results? Why or why not? h. Is FOH over or underapplied? And by how much? Draw a T-account and show FOH. Does your answer match with the answers you calculated for Variable and Fixed FOH variances? Inserted for reference: Master Budget Sales Budget Totals Fixed FOH f. What should management be looking into for further investigation? g. Do you think they should have waited until the end of the year to analyze the differences between actual results and planned results? Why or why not? h. Is FOH over or underapplied? And by how much? Draw a T-account and show FOH. Does your answer match with the answers you calculated for Variable and Fixed FOH variances? \begin{tabular}{|r|r|} \hline FOH & VFOH Spending \\ \hline & VFOH Efficiency \\ \hline & FFOH Spending \\ \hline & FFOH Volume \\ \hline \end{tabular} Inserted for reference: Master Budget Sales Budget \begin{tabular}{|c|r|r|r|r|} \multicolumn{1}{|c||}{ Vaughan Company } \\ \cline { 2 - 5 } & Sales Budget & & & \multicolumn{1}{c|}{ Total } \\ \hline 3rd Quarter & July & August & September & 3rd Quarter \\ \hline Sales in Units & 8,000 & 15,000 & 12,000 & 35,000 \\ \hline Selling Price per Unit & 35 & 35 & 35 & 35 \\ \hline Total Sales in S & 280,000 & 525,000 & 420,000 & 1,225,000 \\ \hline \end{tabular} Sales Budget \begin{tabular}{|l|r|r|r|r|} \multicolumn{1}{|c||}{ Vaughan Company } & & & \multicolumn{1}{|c|}{ Total } \\ \cline { 2 - 5 } Sales Budget & & August & September & 3rd Quarter \\ \hline 3rd Quarter & July & & & 35,000 \\ \hline Sales in Units & 8,000 & 15,000 & 12,000 & 35 \\ \hline Selling Price per Unit & 35 & 35 & 35 & 1,225,000 \\ \hline Total Sales in S & 280,000 & 525,000 & 420,000 & 1 \\ \hline \end{tabular} \begin{tabular}{|l|r||r|r|r|} \hline \multicolumn{1}{|c||}{ Vaughan Company } \\ \multicolumn{1}{|c||}{ DL Budget } & & August & September & 3rd Quarter \\ \hline \multicolumn{1}{|c||}{ Srd Quarter } & July & & & \\ \hline & & & & Total \\ \hline Budgeted Production in Units & 8,350 & 14,850 & 11,600 & 34,800 \\ \hline DLH per Unit & 0.5 & 0.5 & 0.5 & 0.5 \\ \hline Total DLH needed & 4,175 & 7,425 & 5,800 & 17,400 \\ \hline Cost per DLH & 16 & 16 & 16 & 16 \\ \hline Total Direct Labor Cost & 66,800 & 118,800 & 92,800 & 278,400 \\ \hline \end{tabular} Vaughan Company Flexible Budget and Standard Cost Project c. Direct Material WHAM Price Quantity/Efficiency Totals Price Efficiency Total d. Direct Labor Totals \begin{tabular}{l|l|l} Price & Efficiency \end{tabular} e. Variable FOH f. What should management be looking into for further investigation? g. Do you think they should have waited until the end of the year to analyze the differences between actual results and planned results? Why or why not? h. Is FOH over or underapplied? And by how much? Draw a T-account and show FOH. Does your answer match with the answers you calculated for Variable and Fixed FOH variances? Inserted for reference: Master Budget Sales Budget Totals Fixed FOH f. What should management be looking into for further investigation? g. Do you think they should have waited until the end of the year to analyze the differences between actual results and planned results? Why or why not? h. Is FOH over or underapplied? And by how much? Draw a T-account and show FOH. Does your answer match with the answers you calculated for Variable and Fixed FOH variances? \begin{tabular}{|r|r|} \hline FOH & VFOH Spending \\ \hline & VFOH Efficiency \\ \hline & FFOH Spending \\ \hline & FFOH Volume \\ \hline \end{tabular} Inserted for reference: Master Budget Sales Budget \begin{tabular}{|c|r|r|r|r|} \multicolumn{1}{|c||}{ Vaughan Company } \\ \cline { 2 - 5 } & Sales Budget & & & \multicolumn{1}{c|}{ Total } \\ \hline 3rd Quarter & July & August & September & 3rd Quarter \\ \hline Sales in Units & 8,000 & 15,000 & 12,000 & 35,000 \\ \hline Selling Price per Unit & 35 & 35 & 35 & 35 \\ \hline Total Sales in S & 280,000 & 525,000 & 420,000 & 1,225,000 \\ \hline \end{tabular} Sales Budget \begin{tabular}{|l|r|r|r|r|} \multicolumn{1}{|c||}{ Vaughan Company } & & & \multicolumn{1}{|c|}{ Total } \\ \cline { 2 - 5 } Sales Budget & & August & September & 3rd Quarter \\ \hline 3rd Quarter & July & & & 35,000 \\ \hline Sales in Units & 8,000 & 15,000 & 12,000 & 35 \\ \hline Selling Price per Unit & 35 & 35 & 35 & 1,225,000 \\ \hline Total Sales in S & 280,000 & 525,000 & 420,000 & 1 \\ \hline \end{tabular} \begin{tabular}{|l|r||r|r|r|} \hline \multicolumn{1}{|c||}{ Vaughan Company } \\ \multicolumn{1}{|c||}{ DL Budget } & & August & September & 3rd Quarter \\ \hline \multicolumn{1}{|c||}{ Srd Quarter } & July & & & \\ \hline & & & & Total \\ \hline Budgeted Production in Units & 8,350 & 14,850 & 11,600 & 34,800 \\ \hline DLH per Unit & 0.5 & 0.5 & 0.5 & 0.5 \\ \hline Total DLH needed & 4,175 & 7,425 & 5,800 & 17,400 \\ \hline Cost per DLH & 16 & 16 & 16 & 16 \\ \hline Total Direct Labor Cost & 66,800 & 118,800 & 92,800 & 278,400 \\ \hline \end{tabular} Vaughan Company Flexible Budget and Standard Cost Project
