Question 4

The following information relates to a company for the month of March, Cost Control Report For the Month Ended March 31 Actual Results Planning Budget Variances 42,000 40,000 Machine-hours Direct labor wages Supplies Maintenance Utilities Supervision Depreciation Total $ 97,400 31,300 26,800 24,500 61,000 107,600 $ 348,000 $ 94,000 28,000 24,100 22,700 61,000 107.000 $336,800 $ 3,400 V 3,300 u 2,700 U 1,800 U 0 $11,200 U Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $20,100; the fixed component of the budgeted utilities cost is $14,800. Required: 2. Complete the March performance report for the department. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Flexible Budget Performance Report Good viecuiapor wages and supplies are variable costs; supervision and depreciation are fixed costs, and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $20,100, the fixed component of the budgeted utilities cost is $14,800. Required: 2. Complete the March performance report for the department (Round your intermediate calculations to 2 decimal places. Indicate the effect of each varionce by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values.) Flexible Budget Performance Report For the Month Ended March 31 Flexible Budget Actual Results 42,000 Planning Budget 40,000 Machine hours Direct labor wages Supplies Maintenance Utilities Supervision Depreciation Total $ 97 400 31,300 26,800 24,500 61.000 107,000 $ 348,000 $ 94.000 28,000 24,100 22,700 61,000 107 000 $ 336,800