Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,600 + $0.21 per machine-hour $38,300+ $1.50 per machine-hour $0.40 per machine-hour $94,800 +$1.50 per machine-hour $68,200 Actual Cost in March $ 23,440 $ 68,100 $ 9,400 $ 131,700 $ 69,900 During March, the company worked 22,000 machine-hours and produced 16,000 units. The company had originally planned to work 24,000 machine-hours during March. Required: 1. Prepare a flexible budget for March. 2. Prepare a report showing the spending variances for March.

Utilities Maintenance Supplies Indirect labor Depreciation Cost Formula $16,600 + $0.21 per machine-hour $38,300+ $1.50 per machine-hour $0.40 per machine-hour $94,800 +$1.50 per machine-hour $68,200 Actual Cost in March $ 23,440 $ 68,100 $ 9,400 $ 131,700 $ 69,900 During March, the company worked 22,000 machine-hours and produced 16,000 units. The company had originally planned to work 24,000 machine-hours during March. Required: 1. Prepare a flexible budget for March. 2. Prepare a report showing the spending variances for March.

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Description: None UtilitiesMaintenanceSuppliesIndirect laborDepreciationCost Formula$16,600 + $0.21 per machine-hour$38,300 + $1.50 per machine-hour$0.40 per machine-hour$94,800+ $1.50 per machine-hour$68,200Actual Cost inMarch$ 23,440$ 68,100$ 9,400$ 131,700$ 69

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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