Need help with this financial 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?

Step 1: Define The High-Low MethodThe high-low method is used in accounting to separate the variable…

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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 5EB: Cloud Shoes manufactures recovery sandals and is planning on producing 12.000 units in March and...

See similar textbooks

Similar questions

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
?? Finance
I want answer to this question
I want answer?
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
??
Grill Masters Restaurant has budgeted the following costs for... Please answer the general accounting question
Solve
Baxter Enterprises predicts production of 30,000 units, with fixed costs totaling $200,000 and variable costs amounting to $180,000. What are the flexible budget amounts of total costs for 25,000 and 35,000 units?
A company has three shops (R, S and T) to which the following budgeted information relates: Sixty percent of the total fixed costs are general company overheads. These are apportioned to the shops on the basis of sales value. The other fixed costs are specific to each shop and are avoidable if the shop closes down.If shop S closed down and the sales of the other two shops remained unchanged, what would be the revised budgeted profit for the company?(a) £50 000(b) £60 000(c) £70 000(d) £90 000
Based on predicted production of 24,000 units, a company anticipates $300,000 of fixed costs and $246,000 of variable costs. If the company actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

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?