An asterisk (*) will appear to the right of an incorrect entry.
a.
Manufacturing costs:
Direct labor
Direct materials
Factory overhead
Total
b.
(Favorable)
Unfavorable
Manufacturing costs:
Direct labor
Direct materials
Factory overhead
Total
c.
Manufacturing Costs⎯Budget Performance Report
For the Month Ended May 31, 2014
[Key essay answer here]
Cost Variance
Cost per
Batch of 100
Batches
of 100
Actual
Costs
For the Month Ended May 31, 2014
Standard Cost at
Planned Volume
(600,000 bottles)
Batches
of 100
Standard Cost at Actual Volume
(610,000 bottles)
TIME IN A BOTTLE COMPANY
[Key code here]
Answers are entered in the cells with gray backgrounds.
Instructions
Manufacturing Cost Budget
TIME IN A BOTTLE COMPANY
Key Code:
Cells with non-gray backgrounds are protected and cannot be edited.
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Exercise 22(7)-3
Name:
Section:
Score:
An asterisk (*) will appear to the right of an incorrect entry.
a.
Manufacturing costs:
Direct labor 6,000 $1.80 10,800$
b.
(Favorable)
Unfavorable
Manufacturing costs:
Direct labor 9,890$ 6,100 $1.80 10,980$ (1,090)$
Cost Variance
Batches
of 100
Cost per
Batch of 100
TIME IN A BOTTLE COMPANY
Manufacturing Cost Budget
For the Month Ended May 31, 2014
Standard Cost at Planned
Volume (600,000 bottles)
Cost per
Batch of 100
Batches
of 100
Actual
Costs
Standard Cost at Actual Volume
(610,000 bottles)
TIME IN A BOTTLE COMPANY
Manufacturing Costs⎯Budget Performance Report
For the Month Ended May 31, 2014
Cells with non-gray backgrounds are protected and cannot be edited.
Exercise 22(7)-3
Name:
Solution
Section:
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
ON