Hi expert provide correct answer general accounting Based on predicted production of 25,000units, Best Co. anticipates $175,000 of fixedcosts and $137,500 of variable costs. What arethe flexible budget amounts of total costs for20,000 and 30,000 units?

Step 1: Definition of Variable CostThe Variable Cost is a cost that changes in proportion to the…

Answered: Based on predicted production of 25,000…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 15EA: Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per...

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Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for the upcoming year. Past trends have indicated the following dollars were spent at three different levels of output: In establishing a budget for 14,000 units, Taylor should treat A, B, and C costs as: a. semivariable, fixed, and variable, respectively. b. variable, fixed, and variable, respectively. c. semivariable, semivariable, and semivariable, respectively. d. variable, semivariable, and semivariable, respectively.
Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?
Judges Gavel uses this information when preparing their flexible budget: direct materials of $3 per unit, direct labor of $2.50 per unit, and manufacturing overhead of $1.25 per unit. Fixed costs are $49,000. What would be the budgeted amounts for 33,000 and 35,000 units?
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Based on predicted production of 24,300 units, a company budgets $320,000 of fixed costs and $461,700 of variable costs. If the company actually produces 19,100 units, what are the flexible budget amounts of fixed and variable costs?
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Based on a predicted level of production and sales of 24,000 units, a company anticipates total contribution margin of $79,200, fixed costs of $24,000, and operating income of $55,200. Based on this information, the budgeted operating income for 21,000 units would be: Multiple Choice $55,200. $103,200. $45,300. $44,571. $79,200.
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Wet Mop Incorporated expects to sell 10,000 mops. Fixed costs (for the year) are expected to be $10,000, unit sales price is expected to be $12, and unit variable costs are budgeted at $7. Wet Mop's margin of safety (MOS) in units is: Multiple Choice 1,000. 2,000. 4,000. 8,000. 9,000.
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If a company plans to sell 40000 units of product but sells 60000 units, the most appropriate comparison of the cost data associated with the sales will be by a budget based on O 60000 units of activity. O40000 units of activity. O the original planned level of activity. O 50000 units of activity.

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Based on predicted production of 25,000 units, Best Co. anticipates $175,000 of fixed costs and $137,500 of variable costs. What are the flexible budget amounts of total costs for 20,000 and 30,000 units?