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Ray Company provided the following excerpts from its Production Departments flexible budget performance report. (Round rate per hour answers to 2 decimal places. Indicate the
Ray Company provided the following excerpts from its Production Departments flexible budget performance report. (Round "rate per hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)This is all that was given. You are told to fill in the blank spaces in the table.
Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Flexible Actual Spending Activity Variancesling Bu Bu Labor-hours (q) 9,660 9,660 9,180 23.00 |s 2.190 |U g)s 20,130s 1,960 6222, 180 |s 11,040|U S Direct labor $224,370 211.140 Indirect labor 22,090 1.50 q) S 34,080 1,630 U 2,450s 1,200u S 8,300+ Utilities 31,250 44U 4,480 3 5,192 64,624 568U Supplies 0.30 Equipment reciation None 82,900 82,900 0 None 82,900 Factory administration q) 19,060 1.70 Total expense 400,834Step by Step Solution
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