Do fast answer of this general accounting question A Brewery has an estimated $63,375, $68,625, and $73,875budgeted costs for the manufacture of 3,500, 4,500, and5,500 gallons of beer, respectively, next quarter.What are the variable and fixed manufacturing costs in theflexible budget for the Brewery?

In this scenario, we are analyzing the brewery's budgeted costs to identify fixed and variable…

Answered: A Brewery has an estimated $63,375,…

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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Anjali Brewery has estimated budgeted costs of $72,600, $78,900, and $85,200 for the manufacture of 4,000, 5,000, and 6,000 gallons of beer, respectively, next quarter. What are the variable and fixed manufacturing costs in the flexible budget for Anjali Brewery?
Anjali Brewery has estimated budgeted costs of $72,600, $78,900, and $85,200 for the manufacture of 4,000, 5,000, and 6,000 gallons of beer, respectively, next quarter. What are the variable and fixed manufacturing costs in the flexible budget for Anjali Brewery? Answer
Haroot Company's master budget shows that the planned activity level for next year is expected to be 20,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labour Factory supplies Indirect materials Depreciation on factory building Total manufacturing overhead $45,000 4,000 21,000 15,000 $85.000 If the company operates at 21,000 machine hours, how much is allowed on a flexible budget for manufacturing overhead costs? a. $89,250 b. 73,500 $88,500 C. d. $85,000
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Meng Company is preparing a flexible budgetfor next year and requires a breakdown of the factory maintenance cost into the fixed and variable elements. The maintenance costs and machine hours (the selected cost driver) for the past six months are as follows: Maintenance costs Machine hours January 15,500 1,800 February 10,720 1,230 March 15,100 1,740 April 15,840 2,190 May 14,800 1,602 June 10,600 1,590 1. If Meng Company uses the high -low method of analysis, the estimated variable rate of maintenance costs per machine is? 2. The average annual fixed maintenance costs amounts to? 3. What is the average rate per hour at a level of 1,500 machine hours? As a part of a cost study, the cost accountant of Shinly Corporation has recorded the cost of operations at seven different level of materials usage. The records show the following: Kilos of Materials cost of operations 80 800 60 480 20 320 120 1,200 140 1.280 40 480 100 1,040 1. Using the high-low method, the variable cost of operations…
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The Corporation manufactures night stands. The production budget shows that the Corporation plans to produce 1800 night stands in March and 1400 night stands in April. Each night stand requires 0.50 direct labor hours in its production. The Corporation has a direct labor rate of $19 per direct labor hour. What is the total combined direct labor cost that the Corporation should budget in March and April?
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Bubba Steakhouse has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials = $4,080 Hourly labor (variable) = $5,200 Rent (fixed) $1,755 Depreciation = $770 Other fixed costs = $530 Each steak dinner sells for $12.00 each. How much would profit increase if 10 more dinners were sold?
A company’s flexible budget for 16,000 units of production showed sales, $96,000; variable costs, $56,000; and fixed costs,$20,000. What are the sales expected if the company produces and sells 20,000 units?
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A Brewery has an estimated $63,375, $68,625, and $73,875 budgeted costs for the manufacture of 3,500, 4,500, and 5,500 gallons of beer, respectively, next quarter. What are the variable and fixed manufacturing costs in the flexible budget for the Brewery?