Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me please thank you Sheffeld Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows.

help me please
thank you
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sheffeld Company uses budgets in controlling costs. The August 2022 budget report for the company's Assembling Department is as follows. SHEFFIELD COMPANY Budget Report Assembling Department For the Month Ended August 31, 2022 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,240$50,240$1.000 Favorable Direct labor 56,12052,9203,200 Favorable Indirect materials 25,62025,920300 Unfavorable Maintenance 7,3207.760440 Unfavorable Total variable 183,610179,5804,030 Favorable Fiond costs Rent 10,60010,6000 - Neither Favorable nor Unfavorable Supervision 18,50018,5000 Neither Favorable nor Unfivorable Depreciation 6,9006.9000 Neither Favorable nor Unfavorable Totalfued 36.00036,0000 - Neither Favorable nior Unfavorable - month or 732,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 59,000 units were produced. (a) State the total monthly budseted cast eculion (Round cost per init to 2 decienal places, ej. 1.25) The equation is fored costs 3 +variablecontsof5 per unit. (b) Prepare a budbet report for Acigunt unhag flexible budget data. (A)t variable conts before faced costs) Variable Costs

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

The Curriculum Management Audit

Authors: Larry E. Frase, Fenwick W. English, William K. Poston

1st Edition

0810839318, 9780810839311

More Books

Students also viewed these Accounting questions

Question

I receive useful feedback about my performance.

Answered: 1 week ago

Question

I am encouraged to offer opinions/suggestions.

Answered: 1 week ago