chapter 9 number2

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uiz - Chapter 9 Saved Help Save & Exit Submit Check my work 2 Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cont Report For the Month Ended March 31 Actual Planning Resulta Budget 25,000 30.000 Variances Machine-hours 5 6,3005 18,200 52,800 6.900 $600 19,500 1,300 66,000 8,200 Variable costs: Supplies Serap Indirect materials Pixed costar Wages and solaries Equipment depreciation Total cost 65,500 93,000 $ 240,800 $ 63,000 2,500 93,000 248,400 $7,600 P After receiving a copy of this cost report, the supervisor of the Assembly Department stated, "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports: For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets Required: Quiz - Chapter 9 Saved Help Save & Exit Submit 2 Check my work For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets. Required: 1. The company's president is uneasy about the cost reports, identify at least two reasons. 2. What kind of reports should be used to give better insight into how well departmental supervisors are controlling costs? 3. Complete the new performance report for the quarter, based on Flexible Budget Performance approach. 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The company's president is uneasy about the cost reports, Identify at least two reasons. (Select *x" If the item is one of the reasons) Cost reports are ineffective since budgeted costs at one level of activity are compared to actual costs at another level of activity Cost reports show whether fixed costs are controlled and do not show whether variable costs are Cost reports are effective since budgeted costs at one level of activity are compared to actual costs at another level of activity Cost reports show whether fixed costs and variable costs are controlled, controlled Round Required 2 > Check my work 2 For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets. Required: 1. The company's president is uneasy about the cost reports, Identify at least two reasons. 2. What kind of reports should be used to give better insight into how well departmental supervisors are controlling costs? 3. Complete the new performance report for the quarter, based on Flexible Budget Performance approach. 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What kind of reports should be used to give better insight into how well departmental supervisors are controlling costs? Flexible budget performance reports must be used Fixed budget performance reports must be used Help Save & Exit Saved Quiz - Chapter 9 0 Check my 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the new performance report for the quarter, based on Flexible Budget Performance approach. (Do not round your in calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect variance), Input all amounts as positive values.) Westmont Corporation Assembly Department Flexible Budget Porformance Report For the Month Ended March 31 Flexible Budget Actual Results 25,000 Planning Budget 30,000 Machine-hours (9) Supplies Scrap Indirect materials Wages and salaries Equipment depreciation $ 6,300 18.200 57.800 65,500 93,000 $ 240,800 $ 6.900 19,500 66.000 63.000 93,000 $ 248,400 Total 2 company's monthly budgets. Required: 1. The company's president is uneasy about the cost reports, Identify at least two reasons. 2. What kind of reports should be used to give better insight into how well departmental super 3. Complete the new performance report for the quarter, based on Flexible Budget Performanc 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Were costs well controlled in March? O Costs were well controlled Costs were not well controlled