Based on predicted production of 25,900 units, a company budgets $260,000 of fixed costs and $336,700 of variable costs. If thecompany actually produces 20,000 units, what are the flexible budget amounts of fixed and variable costs?---Flexible Budget-----Variable Amountper UnitTotal Fixed Cost 20,000 units

1. Determine the Variable amount per unit by dividing the planned total variable costs using the…

Answered: Based on predicted production of 25,900…

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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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?
Variable Cost Ratio, Contribution Margin Ratio Chillmax Company plans to sell 3,500 pairs of shoes at 60 each in the coming year. Unit variable cost is 21 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Fixed factory overhead is 30,000 and fixed selling and administrative expense is 48,000. Required: 1. Calculate the variable cost ratio. 2. Calculate the contribution margin ratio. 3. Prepare a contribution margin income statement based on the budgeted figures for next year. In a column next to the income statement, show the percentages based on sales for sales, total variable cost, and total contribution margin.
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?
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.
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?
Hardev
The fixed budget for 20,300 units of production shows sales of $609,000; variable costs of $60,900; and fixed costs of $141,000. If the company actually produces and sells 26,100 units, calculate the flexible budget income.
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F Based on predicted production of 25,000 units, a company budgets $280,000 of fixed costs and $275,000 of variable costs. If the company actually produces 19,800 units, what are the flexible budget amounts of fixed and variable costs? -----Flexible Budget------ Variable Amount per Unit Total Fixed Cost 19,800 units $ 275,000 Variable cost Fixed costs 280,000 2 W S # 3 E D $ 4 $ D R F 4 U 8 J 9 K
Follow this general account questions
The fixed budget for 20,200 units of production shows sales of $545,400; variable costs of $60,600; and fixed costs of $144,000. If the company actually produces and sells 27,700 units, calculate the flexible budget income. ------Flexible Budget------ ------Flexible Budget at Variable Amount per Unit Total Fixed Cost 20,200 units 27,700 units Sales Variable costs 20,200.00 $ 545,400 $ 748,950 60,600 83,100 Contribution margin S 0 $ 484,800 $ 665,850 Fixed costs $ 321,321 321,321 321,321 Income $ 163,479 $ 344,529
Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of sales for 20,000 units would be: O $165,000. O $141,900. O $150,000. O $181.500. O $117.272.

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