Finance

Exercise 21-8 Computation and interpretation of materials sectionalizations L.O. C2, P2
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|Listor Company made 3,800 bookshelves employ 23,200 board feet of wood costing $290,000. The companys shoot for materials standards for one |
|bookshelf are 8 board feet of wood at $12 per board foot. |

 
|Compute the direct materials partitions incurred in manufacturing these bookshelves. (Indicate the substance of each variance by selecting F|
|for favorable, U for unfavorable, and none for no erect (i.e., zero variance). Input all amounts as positive values. Do not round |
|intermediate values. disregard the $ sign in your response.



) |

|  Price variance |$[pic] |  [pic] |
|  Quantity variance |$[pic] |  [pic] |
|  Total direct materials variance |$[pic] |  [pic] |

Exercise 21-3 Preparation of a ductile bud express performance report L.O. A1
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|Hall Companys decided budget performance report for June follows. The $660,000 budgeted expenses include $450,000 variable expenses and |
|$210,000 primed(p) expenses. Actual expenses include $200,000 fixed expenses. Prepare a flexible budget performance report that shows any |
|variances between budgeted results and veridical results. List fixed and variable expenses separately. (Indicate the effect of each variance |
|by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance). Leave no cells blank - be reliable to |
|enter 0 wherever required. Input all amounts as positive values. Omit the $ sign in your response.) |

 
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