At the beginning of the period, the Cutting Department budgeted direct labor of $73,080 and supervisor salaries of $41,330 for 4,060 hours of production. The department actually completed 4,400 hours of production. Determine the budget for the department assuming that it uses flexible budgeting. 120,530
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- Prepare a flexible production budget for the year ending December 31 for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following additional information is necessary to complete the budget: Variable costs: Direct labor ($6.00 per unit) Direct materials ($8.00 per unit) Variable manufacturing costs ($2.50 per unit) Fixed costs: Supervisor's salaries $80,000 Rent 12,000 Depreciation on equipment 24,000The following budgeted data pertain to Zee Corporation for the month of Janua Quantity (Q) Static Budget 15,000 Tir Sales Revenue (13Q) $195,000 Variable Manufacturing Cost (4Q) 60,000 Fixed Manufacturing Cost 30,000 Variable Selling and Administrative Expenses (1Q) 15,000 Fixed Selling and Administrative Expenses 15,000 Zee Corporation incurred the following costs during the month: Actual Quantity (Q) 13,500 Sales Revenue $189,000 Variable Manufacturing Cost 56,000 Fixed Manufacturing Cost 30,000 Variable Selling and Administrative Expenses 13,500 Fixed Selling and Administrative Expenses 15,000 The activity variance for Variable Manufacturing cost for January is: O a. $4,000 F O b. $6,000 F O c. $4,000 U O d. $6,000 UAt the beginning of the period, the Cutting Department budgeted direct labor of $98,200 and supervisor salaries of $34,880 for 4,910 hours of production. The department actually completed 5,400 hours of production. Determine the budget for the department assuming that it uses flexible budgeting
- At the beginning of the period, the Cutting Department budgeted direct labor of $58,500 and supervisor salaries of $48,860 for 3,250 hours of production. The department actually completed 3,500 hours of production. Determine the budget for the department assuming that it uses flexible budgeting.$fill in the blank 1At the beginning of the period, the Cutting Department budgeted direct labor of $129,000, direct materials of $167,000 and fixed factory overhead of $11,900 for 8,000 hours of production. The department actually completed 10,500 hours of production. The appropriate total budget for the department, assuming it uses flexible budgeting, is Round your final answer to the nearest dollar. Do not round interim calculations. a $404,119 Ob. $307,900 Oc $400,400 d. 3311,619The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 275,000 units with revenues of $3,300,000. Total variable costs were budgeted at $1,925,000 and fixed costs at $950,000. During the period, actual production and actual sales were 255,000 units. The actual revenues were $3,442,500. Actual variable costs were $6.50 per unit. Actual fixed costs were $980,000. Required: Prepare a profit variance analysis. Specifically Sales Price Variance, Sales Activity Variance, and the Master Budget. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.
- The master budget at Cherrylawn Corporation at the beginning of the year was based on sales of 275,000 units with revenues of $3,300,000. Total variable costs were budgeted at $1,925,000 and fixed costs at $950,000. During the period, actual production and actual sales were 255,000 units. The actual revenues were $3,442,500. Actual variable costs were $6.50 per unit. Actual fixed costs were $980,000. Required: Prepare a flexible budget for Cherrylawn Corporation.At the beginning of the period, the Cutting Department budgeted direct labor of $138,000, direct materials of $154,000 and fixed factory overhead of $14,000 for 7,300 hours of production. The department actually completed 11,700 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round your final answer to the nearest dollar. Do not round interim calculations. a. $490,438 b. $482,000 c. $306,000 d. $314,438XYZ Company is preparing its Manufacturing Overhead budget for the month of March. The budgeted variable manufacturing overhead is $6 per direct labor-hour. The budgeted fixed manufacturing overhead is $31,000 per month, which includes $5.000 of noncash costs (primarily depreciation of plant assets). If the budgeted direct labor-hours for March is 5,500. How much is the March's budgeted cash disbursements for manufacturing overhead? Select one: O a. $64,500 O b. $64,000 Oc None of the given answers O d. $59.000 O e. $70,000
- Bobs Consult, uses flexible budgeting for cost review purposes. The company’s master/static budget for the entire year includes $324,000 for fixed supervisory salaries for 180,000 client service hours. Supervisor salaries are expected to be incurred uniformly throughout the year (i.e., per the budget, each month is expected to have identical Supervisor salary expense). During the month of September, 15,750 client service hours were provided and supervisory salaries incurred were $28,000. A performance report for September would reflect a flexible budget variance related to supervisor salaries of: Choose one below: $350 Favorable $1,000 Favorable $0 $350 Unfavorable $1,000 UnfavorableAcme Company's production budget for August is 18,200 units and includes the following component unit costs: direct materials, $8.00; direct labor, $10.70; variable overhead, $6.70. Budgeted fixed overhead is $39,000. Actual production in August was 19,440 units. Required: Prepare a flexible budget that would be used to compare against actual production costs for August. Note: Round "Cost per unit" to 2 decimal places. Direct materials Direct labor Variable overhead Fixed overhead Total budgeted cost Cost Formula Original Budget (18,200 units) $ 0 Flexed Budget (19,440 units) $ 0Use the following information for the Problems below. (Algo) Skip to question [The following information applies to the questions displayed below.] Phoenix Company reports the following fixed budget. It is based on an expected production and sales volume of 15,500 units. PHOENIX COMPANY Fixed Budget For Year Ended December 31 Sales $ 3,100,000 Costs Direct materials 992,000 Direct labor 232,500 Sales staff commissions 62,000 Depreciation—Machinery 295,000 Supervisory salaries 198,000 Shipping 217,000 Sales staff salaries (fixed annual amount) 251,000 Administrative salaries 498,500 Depreciation—Office equipment 199,000 Income $ 155,000 Problem 23-2A (Algo) Preparing a flexible budget performance report LO P1 Phoenix Company reports the following actual results. Actual sales were 18,500 units. Sales (18,500 units) $ 3,746,250 Costs Direct materials $ 1,198,800 Direct labor 284,900 Sales staff commissions 64,750…
