Performance reporting-flexible budgeting

Assignment Help Accounting Basics

Reference no: EM1359599

Performance reporting and flexible budgeting. For the stamping department of a manufacturing firm, the standard cost for direct labor is $12 per hour, and the production standard calls for 1,000 stampings per hour. During June, 168 hours were required for actual production of 148,000 stampings. Actual direct labor cost for the stamping department for June was $2,184.

Required:

a. Complete the following performance report for June:

Flexed Budget Actual Budget Variance

b. Analyze the budget variance by calculating the direct labor efficiency and rate variances for June.

c. What alternatives to the preceding monthly report could improve control over the stamping department's direct labor?

Reference no: EM1359599

Questions Cloud

Design network to integrate wireless-existing wired network : Design a network that will integrate a wireless network into an existing wired network. The wired network consists of five departments in a two-story building.

Standard costs and variances : Dresser Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the company's budget for the current year: Prepare an analysis of the variance for material and ..

How will external employees promote a businesss brands : How will External Employees Promote a Businesss Brands - Was the person not interested in what you had to say? What were the barriers to communication?

Explain what strategy would you propose : Explain What strategy would you propose to further eradicate organized crime and where should our efforts best be directed

Performance reporting-flexible budgeting : Analyze the budget variance by calculating the direct labor efficiency and rate variances for June. What alternatives to the preceding monthly report could improve control over the stamping department's direct labor?

Computation of stock beta : My company's stock is now selling for $40 a share. The stock is expected to pay $2 dividend at the end of the year. The stock's dividend is expected to increase at a constant rate of seven percent a year forever.

Value a diverse workforce brings to an organization : Bethical arguments and - or competitive advantage reasoning, about the value a diverse workforce brings to an organization.

Definitions related to counselling ethics and legal issues : Provide a brief description of two foundational definitions related to counselling ethics and legal issues. Then analyze how each term is reflected in ethical "best practices," including working with clients from diverse backgrounds.

What was business impact of tjx-s data loss on tjx : What was the business impact of TJX's data loss on TJX, consumers and banks and how effectively did TJX deal with these problems?

User Account

All Pages