CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 21 Dec 2017 My Price 10.00

State total budgeted cost formula

Please answer all questions with correct answers. The document is attached.

Name: Course: Date: HILL COMPANY Budget Report Assembling Department For the Month Ended August 31, 2014 Manufacturing Costs Budget Actual Difference Variable costs Direct materials $48,000 $47,000 ($1,000) Fav Direct labor 54,000 51,200 ($2,800) Fav Indirect materials 24,000 24,200 $200 Unf Indirect labor 18,000 17,500 ($500) Fav Utilities 15,000 14,900 (100) Fav Maintenance 6,000 6,200 200 Unf Total variable costs 165,000 161,000 (4,000) Fav Fixed costs Rent 12,000 12,000 $0 Unf Supervision 17,000 17,000 $0 Unf Depreciation 6,000 6,000 $0 Unf Total fixed costs 35,000 35,000 0 Unf Total costs $200,000 $196,000 ($4,000) Fav The monthly budget amounts in the report were based on an expected production of 60,000 units per month or 720,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August, because only 58,000 units were produced. Instructions: Enter text answer here. P10-3A – State total budgeted cost formula and prepare flexible budget reports for 2 time periods Managerial Accounting, 6 th Edition, by Weygandt, Kieso, and Kimmel Primer on Using Microsoft Excel in Accounting by Rex A Schildhouse Problem P10-3A Hill Company uses budgets in controlling costs. The August 2014 budget report for the company's Assembling Department is as follows. Favorable - Fav Unfavorable - Unf (a) State the total monthly budgeted cost formula.
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CourseLover
(12)
Status NEW Posted 21 Dec 2017 01:12 PM My Price 10.00

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