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Answers to Assignment 4 - The University of Texas at Austin...

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The University of Texas at Austin McCombs School of Business, Business Foundations Program ACC 310F: Foundations of Accounting, Fall 2010 Answers to Assignment 4
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Part B Actual Flexibl e Budget Differenc e Units 4,500 4,500 Variable expenses Wood 99,000 90,000 9,000 U Glue 236 225 11 U Paint and stain 5,063 5,625 562 F Miscellaneous materials (brushes, spacers, etc.) 360 450 90 F Payroll-Production Staff 191,250 225,000 33,750 F Payroll-Cleaning Crew 121,500 135,000 13,500 F Utilities 2,475 2,250 225 U Factory Maintenance Costs 6,750 11,250 4,500 F Quality Control-Production 35,100 29,250 5,850 U Total variable expenses 461,734 499,050 37,316 Fixed expenses Payroll-Production Management 131,200 82,000 49,200 U Lease Payment-Factory Equipment 3,500 3,200 300 U Total fixed expenses 134,700 85,200 49,500 Total Costs 596,434 584,250 12,184 U Overall, Brian it appears that Brian did a poor job because the overall budget difference is unfavorable. However, it appears that most of the difference is due to Payroll-Production Staff and Payroll-Production Management. It’s possible that a staff member was promoted to
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