13-02Ex_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Exercise 13-2 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear in the row immediately to the right of an incorrect answer. a. NELL COMPANY—MACHINING DEPARTMENT Flexible Production Budget For the Three Months Ending March 31, 2010 January February March Units of production Wages Utilities Depreciation Total b. January February March Total flexible budget Actual cost Difference between budget and actual cost Instructions
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Exercise 13-2 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) wil appear in the row immediately to the right of an incorrect answer. a. NELL COMPANYMACHINING DEPARTMENT Flexible Production Budget For the Three Months Ending March 31, 2010 January February March Units of production 110,000 100,000 90,000 Wages $495,000 $450,000 $405,000 Utilities 33,000 30,000 27,000 Depreciation 60,000 60,000 60,000 Total $588,000 $540,000 $492,000 b. January February March Total flexible budget $588,000 $540,000 $492,000 Actual cost 600,000 570,000 545,000 Difference between actual cost and budget $(12,000) $(30,000) $(53,000) The Machining Department is spending more than expected, and its getting worse each month. Instructions...
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13-02Ex_5e_s - A red asterisk (*) wil appear in the row...

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