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 re hour" answers to 2 decimal places. Indicate the None" for no effect i.e. zero veriance). Input all amounts as positive values.) port. (Round "rate pe effect of each variance by selecting "F" for favorable. "U" for unfavorable, and Planning Activity Va Results Spending Variances Flexible 9,650 9,170 q) $ 217,125 $ 23,995 $ 219,305 S1,198 F S 1,620 U $ 1,152 U 30,208 q) S5,178 4,614 144 4,470 Equipment depreciation $82,650) 0 None 0 None $19,040S1 s 396,080

Explanation / Answer

Actual Spending variance Flexible Activity variance Planning results budget budget labor hours 9,650 9,650 9,170 Direct labor 22.5 219,305 2,180 U 217,125 10,800 U 206325 Indirect labor 7,590 1.7 22,797 1,198 F 23,995 816 U 23179 Utilities 8,200 2.4 32,980 1,620 U 31,360 1,152 U 30,208 Supplies 1,719 0.3 5,178 564 U 4,614 144 U 4,470 Equipment depreciation 82,650 82,650 0 N 82,650 0 N 82,650 Factory administration 19,040 1.6 33,170 1,310 F 34480 768 U 33712 total expense 396,080 1,856 U 394,224 13,680 U 380544

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