Ray Company provided the following excerpts from its Production Department\'s fl

Question

Ray Company provided the following excerpts from its Production Department's 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.) Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 exibleActivity Variances Plning Budget Spending Variances Results Budget Labor-hours (q) 9,570 9,090 Direct labor Indirect labor Utilities Supplies Equipment depreciation ( Factory administration Total expense q) $ 179,145 S 177,045 1,870F $ 1,540 U $ 21,865 1.50 9 7,400+ q) q) 5,066 768 U 144 21,944 4,390 $4,534 80,650) 0 None 0 None 18,880 1.80 9 $ 343,984

Explanation / Answer

Actual Spending variance Flexible Activity variance Planning results budget budget labor hours 9,570 9,570 9,090 Direct labor 18.5 179,145 2,100 U 177,045 8,880 U 168165 Indirect labor 7,510 1.5 19,995 1,870 F 21,865 720 U 21145 Utilities 7,400 1.6 24,252 1,540 U 22,712 768 U 21,944 Supplies 1,663 0.3 5,066 532 U 4,534 144 U 4,390 Equipment depreciation 80,650 80,650 0 N 80,650 0 N 80,650 Factory administration 18,880 1.8 34,876 1,230 F 36106 864 U 35242 total expense 343,984 1,072 U 342,912 11,376 U 331536

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