Provide a flexible budget performance report

Assignment Help Accounting Basics
Reference no: EM13154478

Please provide a flexible budget performance report for March. Please omit headings other than descriptive columnar headings.

Flexible Budget

Mitchell Company uses a flexible budget for overhead based on direct labor hours (DLH). Master budget figures, based on 900,000 direct labor hours, and actual overhead for March, when 80,000 labor hours were

worked, are as follows:

Master Budget March Actual

Variable:

Indirect labor $225,000 $20,700

Indirect materials 1,350,000 119,000

Other 900,000 81,800

Fixed:

Supervision 420,000 34,000

Depreciation 750,000 62,500

Other 600,000 52,000

Instructions: Prepare a flexible budget performance report for March.

Omit headings other than descriptive columnar headings.

Reference no: EM13154478

Questions Cloud

Explain the concept of externality in economics : Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia and what is Thorpe's marginal cost of GPA? Show and explain how his MC curve is derived.
Find probability that tomorrow one person will be struck : During a 36 year period, lightening killed 2768 people in the US. Assume that this rate holds true today and is constant throughout the year. Find the probability that tomorrow.
Fructose is a molecular solid and does not ionize in water : Assume that fructose is a molecular solid and does not ionize when it dissolves in water.
Explain modifaction reduced number of traffic accidents : At the 0.01 significance level is it reasonable to conclude that the modifaction reduced the number of traffic accidents?
Provide a flexible budget performance report : Please provide a flexible budget performance report for March. Please omit headings other than descriptive columnar headings.
What is the molarity of a hcl solution : What is the molarity of a HCl solution if the reaction of 223 mL HCl with excess CaCO3 produces 10.7 L CO2 gas at 714 mmHg and 36°C?
Explain substance specific function of temperature : A pure fluid is described by the following expression for Gibbs free energy: G = gamma(T) + RTlnP, where gamma(T) is a substance specific function of temperature.
What economic problem might exist for the government : What economic problem might exist for the government to make this fiscal policy change? If the government wanted to achieve the same change in GDP as in part k by cutting taxes instead, how large would the tax cut have to be?
What is the concentration of hydroxide ions : 3.00×10-3 mol of HBr is dissolved in water to make 17.0 L of solution. What is the concentration of hydroxide ions, OH-, in this solution?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd