My Home X CengageNOWv2 | Online teachin x * Course Hero X + V X > C D A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false To AIM Chapter 22 1 eBook Show Me How Static Budget versus Flexible Budget 1. EX.22.02.ALGO ? The production supervisor of the Machining Department for Hagerstown Company agreed to the following monthly static budget for the upcoming year: 2. EX.22.03.ALGO Hagerstown Company Machining Department 3. EX.22.04.ALGO Monthly Production Budget 4. EX.22.05.ALGO Wages $159,000 Utilities 11,000 5. EX.22.06.ALGO Depreciation 19,000 6. EX.22.09.ALGO Total $189,000 7. EX.22.12.ALGO The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: Amount Spent Units Produced 8. EX.22. 14.ALGO May $179,000 62,000 9. EX.22.15.ALGO June 173,000 48,000 July 164,000 43,000 10. EX.22.17 ALGO The Machining Department supervisor has been very pleased with this performance because actual expenditures for May-July have been significantly 11. EX.22.19.ALGO less than the monthly static budget of 189,000. However, the plant manager believes that the budget should not remain fixed for every month but should "flex" or adjust to the volume of work that is produced in the Machining Department. Additional budget information for the Machining Department 12. PR.22.05A.ALGO is as follows: Wages per hour $14.00 13. PR.22.06A.ALGO Utility cost per direct labor hour $1.00 Progress: 2/13 items Check My Work 3 more Check My Work uses remaining. Previous Next Type here to search 6:56 PM O 9 72'F Clear A 9 10/17/2022My Home X "CengageNOWv2 | Online teachin * * Course Hero X + V X > C D A v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false To Chapter 22 1 eBook Show Me How Direct labor hours per unit 0.20 1. EX.22.02.ALGO ? Planned monthly unit production 57,000 2. EX.22.03.ALGO 3. EX.22.04.ALGO a. Prepare a flexible budget for the actual units produced for May, June, and July in the Machining Department. Assume depreciation is a fixed cost. If required, use per unit amounts carried out to two decimal places. 4. EX.22.05.ALGO Hagerstown Company Machining Department Budget 5. EX.22.06.ALGO For the Three Months Ending July 31 May June July 6. EX.22.09.ALGO Units of production 52,000 48,000 43,000 7. EX.22.12.ALGO 8. EX.22. 14.ALGO Total 9. EX.22.15.ALGO Supporting calculations: 10. EX.22.17 ALGO Units of production 52,000 48,000 43,000 Hours per unit X x 11. EX.22.19.ALGO Total hours of production 12. PR.22.05A.ALGO Wages per hour X $ X $ $ 13. PR.22.06A.ALGO Total wages Total hours of production Progress: 2/13 items Check My Work 3 more Check My Work uses remaining. C D A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false To Chapter 22 1 eBook Show Me How Supporting calculations: 1. EX.22.02.ALGO Units of production 52,000 48,000 43,000 ? Hours per unit X X X 2. EX.22.03.ALGO Total hours of production 3. EX.22.04.ALGO Wages per hour X S XS