Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Diemert Corporation bases its budgets on machine-hours. The company's static planning budget for June appears below: Budgeted number of machine-hours 5,600 Supplies (@ $9.20 per

Diemert Corporation bases its budgets on machine-hours. The company's static planning budget for June appears below: Budgeted number of machine-hours 5,600 Supplies (@ $9.20 per machine-hour) $51,520 Power (@ $9.30 per machine-hour) 52,080 Salaries 61,600 Equipment depreciation 67,760 Total $232,960 Actual results for the month were: Actual number of machine-hours 5,900 Supplies $49,100 Power $58,630 Salaries $60,680 Equipment depreciation $67,140 Actual results for the month were: The spending variance for equipment depreciation in the flexible budget performance report for the month should be: $4,250 U $620 F $4,250 F $620 U Please show all work! Thanks.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fire Extinguisher Log Book

Authors: Arahan Khan

1st Edition

B09TZKR5Z4, 979-8428924282

More Books

Students also viewed these Accounting questions

Question

Develop a program for effectively managing diversity. page 303

Answered: 1 week ago

Question

List the common methods used in selecting human resources. page 239

Answered: 1 week ago