Prepare an appropriate performance report for manufacturing

Assignment Help Accounting Basics

Reference no: EM131956279

Problem

Patrick Company manufactures a single product. The original budget for April was based on expected production of 12,000 units; actual production for April was 10,600 units. The original budget and actual costs for the manufacturing department are shown below:

	Original Budget	Actual Costs
Direct Materials	$96,000	$90,500
Direct Labor	50,400	48,400
Variable Overhead	42,000	38,700
Fixed Overhead	84,000	82,000
Total	$272,400	$259,600

Prepare an appropriate performance report for the manufacturing department.

Reference no: EM131956279

Questions Cloud

What key areas of your operations will need to change : Do you apply to become a Wal-Mart supplier, with all that entails? Why or why not?what key areas of your operations will need to change and how?

Compute the flexible-budget variance : Paulson Foods manufactures pumpkin scores. Compute the flexible-budget variance. Compute the price and efficiency variances.

Make journal entry necessary for each of four august payroll : Make the journal entries necessary for each of the four August payrolls. The entries for the payroll and for the company's liability are made seperately.

What role might bounded rationality have played : Create a brochure. Now suppose that your group has been asked to develop a brochure for distribution in college career centers.

Prepare an appropriate performance report for manufacturing : Patrick Company manufactures a single product. Prepare an appropriate performance report for the manufacturing department.

Create a detailed plan to obtain this job : Create a detailed plan to obtain this job. In the short term, what classes do you need to take?

Determine places where fraud may be occurring : In preparation for the investigation, Jim has asked you to create a list of fraud symptoms and how they can help determine places where fraud may be occurring.

What is the difference between tacit and explicit knowledge : What does it take to be a successful competitor using business analytics? What is IT's role in helping build this competence for the enterprise?

Conduct an equivalent nonparametric hypothesis test : 401077 Introduction to Biostatistics Assignment - Conduct an equivalent nonparametric hypothesis test for this research question

User Account

All Pages