146. The difference between the actual amounts and flexible budget amounts for the actual142.A manufacturing firm has certain peak seasons; namely the Christmas season, thesummer season, and the last 2 weeks of February. During these periods of increIsedSuut the firm leases additional production equipment and hires additional temporaryamployees. Which of the following budget techniques would best fit this firm's needs?Flexible budgeting.Zero-based budgeting.d. Project budgeting.a.с.b. Static budgeting.(cla)143. Based on past experience, a company has developed the following budget formatafor estimating Its shipping expenses. The company's shipments average 12 Ibs parshipment:Shipping costs = P16,000 + (PO.50 x Ibs. shipped)The planned activity and actual activity regarding orders and shipments for the currentmonth are given in the following scheduled:Plan8008008,000P120,0009,600Actual780Sales ordersShipmentsUnits shippedSales8209,000P114,00012,300Total pounds shippedThe actual shipping costs for the month amounted to P21,000. The appropriate monthtyflexible budget allowance for shipping costs for the purpose of performance evaluationwould bea. P20,680b. P20,920c. P20,800d.P22,150(cma)144.Cook Co.'s total costs of operating five sales office last year were P500,000 of whichP70,000 represented fixed costs. Cook has determined that total costs are significantlyinfluenced by the number of sales offices operated. Last years costs and number ofsales offices can be used as the bases for predicting annual costs. What would be thebudgeted cost for'the coming year if Cook were to operate seven sales office?a. P700,000b. Р672,000P602,000d. P586,000с.(aicpa)145.RedRock East Company uses flexible budgeting for cost control. RedRockproduced 10,800 units of product during March, incurring an indirect materials costs ofP13,000. Its master budget for the year reflected an indirect materials cost of P180,000ara production volume of 144,000 units. A flexible budget for March production shouldreflect indirect materials costs ofa. P13,975b. P13,500c. P13,000d. P11,700output achieved is the. Production volume variance.b. Flexible budget variance.Sales volume varianceStandard cost variance.с.(cma)d.

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142.A manufacturing firm has certain peak seasons; namely the Christmas season, the ummer season, and the last 2 weeks of February. During these periods of Incressed sunit the firm leases additional production equipment and hires additional temporary oolovees. Which of the following budget techniques would best fit this firm's neede? a. Flexible budgeting. b. Static budgeting. c. Zero-based budgeting. d. Project budgeting. (cle) 143 Based on past experience, a company has developed the following budget formela for estimating Its shipping expenses. The company's shipments average 12 lbe par shipment: Shipping costs = P16,000 + (PO.50 x Ibs. shipped) The planned activity and actual activity regarding orders and shipments for the current month are given in the following scheduled:

142.A manufacturing firm has certain peak seasons; namely the Christmas season, the ummer season, and the last 2 weeks of February. During these periods of Incressed sunit the firm leases additional production equipment and hires additional temporary oolovees. Which of the following budget techniques would best fit this firm's neede? a. Flexible budgeting. b. Static budgeting. c. Zero-based budgeting. d. Project budgeting. (cle) 143 Based on past experience, a company has developed the following budget formela for estimating Its shipping expenses. The company's shipments average 12 lbe par shipment: Shipping costs = P16,000 + (PO.50 x Ibs. shipped) The planned activity and actual activity regarding orders and shipments for the current month are given in the following scheduled:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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