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?
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- ?? FinanceMeng 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…I want answer to this question
- 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?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?
- Subject:- General Account??The management of Springer plc is considering next year’s production and purchase budget. One of the components produced by the company, which is incorporated into another product before being sold, has budgeted manufacturing costs as follows: $ Direct Material 14 Direct labour (4 hours at $3 per hour) 12 Variable overhead (4 hours at $2 per hour) 8 Fixed overheads (4 hours at $5 per hour) 20 Total Cost $54 per unit Trigger plc has offered to supply the above component at a guaranteed price of $50 per unit. Required: Considering cost criteria only, advise management whether the above component should be purchased from Trigger plc. Any calculation should be shown and assumptions made, or aspects which may require further investigation should be clearly stated. Explain how your advice would be affected by the following: “As a result of recent government legislation if Springer plc continues to manufacture this component, the company will incur additional inspection and…