Question Details

(Solution Download) Frank Weston, supervisor of the Freemont CorporationAc??cs Machining Department, was visibly upse


 

 

 

 

 

 

 

Frank Weston, supervisor of the Freemont CorporationAc??cs Machining

 

Department, was visibly upset after being reprimanded for his

 

departmentAc??cs poor performance over the prior month. The

 

departmentAc??cs cost control report is given below:

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Freemont CorporationAc??oMachining Department

 

Cost Control Report

 

For the Month Ended June 30

 

Actual Results

 

Planning Budget

 

Variances

  Machine-hours42,000

 

  

40,000

 

  

  Direct labor

 

wages

$96,100

 

  

$92,800

 

  

$3,300U
  Supplies30,800

 

  

27,600

 

  

3,200U
  Maintenance26,500

 

  

23,800

 

  

1,700U
  Utilities24,200

 

  

22,500

 

  

1,700U
  Supervision60,000

 

  

60,000

 

  

0
  Depreciation105,000

 

  

105,000

 

  

0
  Total$342,600

 

  

$331,700

 

  

$10,900U

 


 

 

 

 

 

 

 

 

       Ac?A?I just canAc??ct

 

understand all these unfavorable variances,Ac??? Weston complained to

 

the supervisor of another department. Ac?A?When the boss called me in,

 

I thought he was going to give me a pat on the back because I know

 

for a fact that my department worked more efficiently last month

 

than it has ever worked before. Instead, he tore me apart. I

 

thought for a minute that it might be over the supplies that were

 

stolen out of our warehouse last month. But they only amounted to a

 

couple of hundred dollars, and just look at this report. Everything

 

is unfavorable.Ac???

 

 

 

 

 

 

 

 

 

       Direct labor wages and

 

supplies are variable costs; supervision and depreciation are fixed

 

costs; and maintenance and utilities are mixed costs. The fixed

 

component of the budgeted maintenance cost is $19,700; the fixed

 

component of the budgeted utilities cost is $14,700.

 

 


 

 

 

 

 

 

 

Required:

 

 

 

 

 

 

 

 

2.

 

Complete the performance report that will help Mr. WestonAc??cs

 

superiors assess how well costs were controlled in the machining

 

department. (Indicate the effect of each variance by

 

selecting "F" for favorable, "U" for unfavorable, and "None" for no

 

effect (i.e., zero variance). Input all amounts as positive

 

values.)

 

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Dec 08, 2020

PRICE: $15

Solution~000652147654045.zip (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Dec 08, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now