(Solution) Amber Cagle ACCT 2312 Chapter 15 - Cost Control Exercise 15.8 Flexible budgeting Western Manufacturing produces a single product. The original budget... > Snapessays.com

(Solution) Amber Cagle ACCT 2312 Chapter 15 - Cost Control Exercise 15.8 Flexible budgeting Western Manufacturing produces a single product. The original budget...

Hello Katrina,I have some accounting homework over Cost Control that I need some help with.First attachment:  #15 on page 3, #1 on page 4 and #41 on page 5.Second attachment:  Exercises 15.8, 15.10 and 15.12.Can you assist with solutions and explanations on how you obtained the answers and what formula was used?  Hopefully with this information, my notes and the book I will understand it better.Thank you, Amber C.Amber Cagle

ACCT 2312

Chapter 15 – Cost Control

Exercise 15.8

Flexible budgetng WesTern ManufacTuring produces a single producT. ±he original budgeT for

April was based on expecTed producton of 14,000 uniTs; acTual producton for April was 13,300

uniTs. ±he original budgeT and acTual cosTs incurred for The manufacTuring deparTmenT follow:

Original Budget

Actual Costs

DirecT maTerials

\$220,500

\$216,600

DirecT labor

170,000

165,400

86,100

78,100

68,000

69,000

±oTal

\$545,400

\$529,100

Required

: Prepare an appropriaTe performance reporT for The manufacTuring deparTmenT.

Exercise 15.10

Performance reportng and ²exible budgetng For The sTamping deparTmenT of a manufacTuring

³rm, The sTandard cosT for direcT labor is \$12 per hour, and The producton sTandard calls for

2,000 sTampings per hour. During February, 121 hours were required for acTual producton of

230,000 sTampings. AcTual direcT labor cosT for The sTamping deparTmenT for June was \$1,573.

Required

:

a.

CompleTe The following performance reporT for February:

Flexed Budget Actual

Budget Variance

DirecT labor

Page

1

of

2

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