O Question 4 - HW Chapter 9 C X->ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/guAppsM GmailYouTubeMapsM FIN 3000 Fall 2021< ВackThis window shows your responses and what was marked correct and incorrect from your previous attempt......... ........aumiTation207 70Required:1. Prepare the Production Department's planning budget for the month.2. Prepare the Production Department's flexible budget for the month.3. Calculate the spending variances for all expense items.6.25/10Complete this question by entering your answers in the tabs below.points awardedScoredRequired 1Required 2Required 3Calculate the spending variances for all expense items. (Indicate the effect of each variance by selecting "F" for favorable, "U"for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)Packaging Solutions CorporationSpending VariancesFor the Month Ended March 31ActualFlexibleResultsSpending VariancesBudgetLabor-hours8,4008,000 XDirect labor$ 134,7302$6,300 XU$ 126,400 XIndirect labor19,8601,140 XF21,000 XUtilities14,5701,770 X U12,800 XSupplies4,980680 X U4,300 XEquipment depreciation54,0801,480 XU52,600 XFactory rent8,700300 OU8,400Property taxes2,100None2,100Factory administration26,470430 XF26,900 XTotal expense$265,490$ 10,070 XUO $ 255,400 X< Required 2Required 3 >MacBook Air4. Question 4- HW Chapter 9 - C Xezto.mheducation.com/ext/map/index.html?_con%3con&external_browser=D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questi..AppsM GmailYouTubeМapsM FIN 3000 Fall 2021( BackThis window shows your responses and what was marked correct and incorrect from your previous attempt.国ReacExercise 9-16 (Static) Flexible Budgets in a Cost Center [LO9-1, LO9-2]Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are preparedmonthly for each department. The planning budget and flexible budget for the Production Department are based on the followingformulas, where g is the number of labor-hours worked in a month:6.25/10points awardedCost FormulasDirect labor$15.80g$8,200 + $1.60g$6,400 + $0.80g$1,100 + $0.40g$23,000 + $3.70gScoredIndirect laborUtilitiesSuppliesEquipment depreciationFactory rentProperty taxesFactory administration$8,400$2,100$11,700 + $1.90qThe Production Department planned to work 8,000 labor-hours in March; however, it actually worked 8,400 labor-hours during themonth. Its actual costs incurred in March are listed below:Actual CostIncurred inMarchDirect labor$ 134,730$ 19,860$ 14,570$ 4,980$ 54,080$ 8,700$ 2,100$ 26,470Indirect laborUtilitiesSuppliesEquipment depreciationFactory rentProperty taxesFactory administrationRequired:1. Prepare the Production Department's planning budget for the month.2. Prepare the Production Department's flexible budget for the month.3. Calculate the spending variances for all expense items.Complete this question by entering your answers in the tabs below.MacBook Airesc吕0O00O00DIIDD4.

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance-reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $15.80g $8,200 + $1.60q $6,400 + $0.80q $1,100 + $0.40q $23,000 + $3.70g $৪,400 $2,100 $11,700 + $1.90q The Production Department planned to work 8,000 labor-hours in March; however, it actually worked 8,400 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor $ 134,730 $ 19,860 $ 14,570 $ 4,980 $ 54,080 $ 8,700 $ 2,100 $ 26,470 Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Calculate the spending variances for all expense items.

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance-reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration $15.80g $8,200 + $1.60q $6,400 + $0.80q $1,100 + $0.40q $23,000 + $3.70g $৪,400 $2,100 $11,700 + $1.90q The Production Department planned to work 8,000 labor-hours in March; however, it actually worked 8,400 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor $ 134,730 $ 19,860 $ 14,570 $ 4,980 $ 54,080 $ 8,700 $ 2,100 $ 26,470 Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Required: 1. Prepare the Production Department's planning budget for the month. 2. Prepare the Production Department's flexible budget for the month. 3. Calculate the spending variances for all expense items.

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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← = POTUTORIAL QUESTION 4.pdf X C 1 of 3 Q 5 + Ⓒ File | C:/Users/acer/Documents/UNIVERSITI%20MALAYSIA%20SABAH/SEMESTER%204%20COURSE/BP22603%20FAR%2011/CHAP... Q [E CD Page view | A Read aloud | Add textDraw Highlight Erase 5 SEM 2, 2021/ZUZZ TUTORIAL QUESTION 5 QUESTION 1 On 1 January 2016, the management of ZAIDY granted an option for 3,000 shares to an employee on condition that he stays in the employment of ZAIDY for three years. Also, the option cannot be exercised till the share price has increased to RM20 per share by the end of the third year. The fair value of the option on 1 January 2016 was RM5 each and was estimated to rise to RM6.50 each by 31 December 2018. The fair value is determined taking into consideration that the share price will rise to more that RM20 each. Required: Calculate the amount recognized in the statement of profit or loss and the amount disclosed as equity in the statement of financial position. QUESTION 2 On 1 January 2017, SURDIN granted 100 share…
f Qwileyplus log in - Search X w NWP Assessment Player Ul App X + https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=158b0479-2179-4251-b96d-ee6bbf0aa5fe#/question/7 13°C Partly sunny X w Chapter 15 Quiz Question 8 of 15 Current Attempt in Progress Crane Company has completed all of its operating budgets. The sales budget for the year shows 52,000 units and total sales of $2,340,000. The total unit cost of producing one unit is $20. Selling and administrative expenses are expected to be $312,000. Interest is estimated to be $10,400. Income taxes are estimated to be $208,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. CRANE COMPANY Budgeted Income Statement HH Search ENG US 4x D વા મી ક + 203 10:10 AM 2022-11-06 Ⓒ
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