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BRIEF EXERCISE 10 - BRIEF EXERCISE 10-1 WESTPHAL COMPANY...

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BRIEF EXERCISE 10-1 WESTPHAL COMPANY Sales Budget Report For the Quarter Ended March 31, 2005 Product Line Budget Actual Difference Garden-Tools $315,000 $304,000 $11,000 U BRIEF EXERCISE 10-2 WESTPHAL COMPANY Sales Budget Report For the Quarter Ended June 30, 2005 Second Quarter Year to Date Product Line Budget Actual Difference Budget Actual Difference Garden-Tools $380,000 $386,000 $6,000 F $695,000 $690,000 $5,000 U BRIEF EXERCISE 10-3 (a) HINSDALE COMPANY Static Direct Labor Budget Report For the Month Ended January 31, 2005 Budget Actual Difference Direct Labor $200,000 (10,000 X $20) $205,000 $5,000 U (b) HINSDALE COMPANY Flexible Direct Labor Budget Report For the Month Ended January 31, 2005 Budget Actual Difference Direct Labor $208,000 (10,400 X $20) $205,000 $3,000 F
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BRIEF EXERCISE 10-3 (Continued) The static budget does not provide a proper basis for evaluating performance because the budget is not based on the hours actually worked. In contrast, the flexible budget provides the proper basis for evaluating performance because the budget is based on the hours actually worked.
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