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
Variable overhead
86,100
78,100
Fixed overhead
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
This question was answered on: Sep 21, 2023
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