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Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565 Exercise 4
WHAT-IF ANALYSIS
The following actual overhead costs were incurred in December:
Planned direct labor hours were 4,000. Actual direct labor hours were 4,500. Other budget data for December were identical to November except that fixed maintenance costs have increased to $2,000 and variable indirect materials costs have increased to $0.30 per direct labor hour.
Prepare and print new budget reports for December. Remember to change the month in cell B7. Save your completed file as FLEXBUD4. Compare the two budget reports and comment on the differences disclosed between the static budget and flexible budget performance reports.
The following actual overhead costs were incurred in December:
Planned direct labor hours were 4,000. Actual direct labor hours were 4,500. Other budget data for December were identical to November except that fixed maintenance costs have increased to $2,000 and variable indirect materials costs have increased to $0.30 per direct labor hour.
Prepare and print new budget reports for December. Remember to change the month in cell B7. Save your completed file as FLEXBUD4. Compare the two budget reports and comment on the differences disclosed between the static budget and flexible budget performance reports.
Explanation
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Verified
The actual overhead costs for the month ...
Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
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