{"id":13574,"date":"2021-07-10T01:42:55","date_gmt":"2021-07-10T01:42:55","guid":{"rendered":"https:\/\/papersspot.com\/blog\/2021\/07\/10\/ex-23-03-excel-budgeting\/"},"modified":"2021-07-10T01:42:55","modified_gmt":"2021-07-10T01:42:55","slug":"ex-23-03-excel-budgeting","status":"publish","type":"post","link":"https:\/\/papersspot.com\/blog\/2021\/07\/10\/ex-23-03-excel-budgeting\/","title":{"rendered":"Ex 23.03 Excel Budgeting"},"content":{"rendered":"<p>03.PET Bottle Company.doc23-03_24e.xlsx <\/p>\n<p>PET Bottle Company (PBC) manufactures<br \/> plastic two-liter bottles for the beverage industry. <\/p>\n<p> The<br \/> cost standards per 100 two-liter bottles are as follows: <\/p>\n<p> \u00a0<br \/> Cost Category\u00a0 Standard Cost <\/p>\n<p> per 100 Two-Liter Bottles <\/p>\n<p> \u00a0<br \/> __________________________________ <\/p>\n<p> \u00a0<br \/> Direct labor \u00a0 \u00a0 $1.32 <\/p>\n<p> \u00a0 Direct materials\u00a0 \u00a0 5.34 <\/p>\n<p> \u00a0 Factory<br \/> overhead\u00a0 \u00a0 0.34 <\/p>\n<p> \u00a0<br \/> Total\u00a0 $7.00 <\/p>\n<p> At<br \/> the beginning of March, PBC management planned to produce 450,000 bottles. The <\/p>\n<p> actual<br \/> number of bottles produced for March was 500,000 bottles. The actual costs for <\/p>\n<p> March<br \/> of the current year was as follows: <\/p>\n<p> \u00a0 Cost Category\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 Actual Cost<br \/> for the <\/p>\n<p> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<br \/> Month Ended March 31, 2012 <\/p>\n<p> \u00a0 Direct<br \/> labor\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 $ 5,900 <\/p>\n<p> \u00a0 Direct<br \/> materials \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 25,300 <\/p>\n<p> \u00a0 Factory overhead \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0 1,900 <\/p>\n<p> \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Total\u00a0 \u00a0<br \/> $33,100 <\/p>\n<p> a.)<br \/> Prepare the March manufacturing standard cost budget (direct labor, direct<br \/> materials, <\/p>\n<p> and<br \/> factory overhead) for PBC, assuming planned production. <\/p>\n<p> b.)<br \/> Prepare a budget performance report for manufacturing costs, showing the total<br \/> cost <\/p>\n<p> variances<br \/> for direct materials, direct labor, and factory overhead for March. <\/p>\n<p> c.)<br \/> Interpret the budget performance report. <\/p>\n<p> d.)<br \/> Budget performance report <\/p>\n","protected":false},"excerpt":{"rendered":"<p>03.PET Bottle Company.doc23-03_24e.xlsx PET Bottle Company (PBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: \u00a0 Cost Category\u00a0 Standard Cost per 100 Two-Liter Bottles \u00a0 __________________________________ \u00a0 Direct labor \u00a0 \u00a0 $1.32 \u00a0 Direct materials\u00a0 \u00a0 5.34 \u00a0 Factory overhead\u00a0 \u00a0 0.34 \u00a0 Total\u00a0 $7.00 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15],"class_list":["post-13574","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-business"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/13574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=13574"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/13574\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=13574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=13574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=13574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}