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Sonny Co. provided the following excerpts from its Production Departments flexible budget performance report. (Indicate the effect of each variance by selecting F for favorable,
Sonny Co. provided the following excerpts from its Production Departments flexible budget performance report. | ||||||||
(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. Round "rate per hour" answers to 2 decimal places.) | ||||||||
Sonny Company | ||||||||
Production Department Flexible Budget Performance Report | ||||||||
For the Month Ended March 31 | ||||||||
Actual Results | Spending Variances | Flexible Budget | Activity Variances | Planning Budget | ||||
Labor-hours (q) | 9,230 | 9,230 | 9,150 | |||||
Direct labor ($15q) | $ 133,835 | ? | $ 138,450 | ? | $ 137,250 | |||
Indirect labor ($? + $1.75q) | ? | $ 1,825 | F | $ 22,220 | ? | ? | ||
Utilities ($6,500 + $?q) | ? | $ 1,450 | U | ? | $ 48 | U | $ 11,590 | |
Supplies (S? + S?q) | $ 4,715 | ? | $ 4,625 | ? | $ 4,565 | |||
Equipment Depreciation ($77,700) | ? | $ 50 | F | ? | ? | ? | ||
Factory Administration ($17,800 + $2.10q) | ? | ? | ? | ? | ? | |||
Total Expense | $ 286,725 | ? | ? | ? | ? | |||
Also Actual results don't follow the rules | ||||||||
Remember that in the flexible budget you use actual quantity |
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