Buckson Framing's cost formula for its supplies cost is $1,350 per month plus $18 per frame. For the month of June, the company planned for activity of 716 frames, but the actual level of activity was 713 frames. The actual supplies cost for the month was $14,820. The supplies cost in the flexible budget for June would be closest to: Multiple Choice $14,238 $14,184

Buckson Framing's cost formula for its supplies cost is $1,350 per month plus $18 per frame. For the month of June, the company planned for activity of 716 frames, but the actual level of activity was 713 frames. The actual supplies cost for the month was $14,820. The supplies cost in the flexible budget for June would be closest to: Multiple Choice $14,238 $14,184

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

How do prepare the manufacturing overhead budget for the quarter ended March 31, 20X1?
1
Lemon, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales is 1,200 units, and direct materials inventory and unit costs will stay constant. Direct materials $ 12,750 Direct labor $ 19,150 Manufacturing overhead $ 24,750 Selling and administrative expense $ 20,750 What is budgeted cost of goods sold for March? Multiple Choice $65,980 $56,650 $54,424 $67,980
ABC Company's budgeted sales for June, July, and August are 13,000, 17,000, and 14,700 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $2,500; rent, $5,500; depreciation, $2,900; advertising, $3,700 Mixed costs: utilities, $3,500 + $0.40 per unit Variable costs per unit sold: sales commissions, $2.50; marketing promotions, $1.50; supplies, $0.45; bad debt expense, $0.20 Required: Prepare ABC Company's operating expense budget for June, July, and August. Note: Enter all values as positive value.
Get Your Pizza On, Inc.’s flexible budget cost formula for supplies, a variable overhead cost, is $4.87 per unit of output. The company's flexible budget performance report for last month showed a $7,684 unfavorable variance for supplies. During that month, 12,400 units were produced. Budgeted activity for the month was 10,600 units. What are the total actual cost incurred for supplies? Select one: a. $59,306 b. $43,948 c. $52,704 d. $68,072 e. $37,420
Lightsey Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of activity was 14,800 skeins and the actual level of activity was 15,100 skeins. The company's owner budgets for dye costs, a variable cost, at $0.51 per skein. The actual dye cost last month was $8,660. In the company's flexible budget performance report for last month, what would have been the spending variance for dye costs? Multiple Choice A. $959 U B. $172 U C. $1,112 U D. $153 U
ABC Company’s budgeted sales for June, July, and August are 13,000, 17,000, and 14,700 units respectively. The following cost behavior patterns are budgeted for ABC Company’s operating expenses each month: Fixed costs: salaries, $2,500; rent, $5,500; depreciation, $2,900; advertising, $3,700 Mixed costs: utilities, $3,500 + $0.40 per unit Variable costs per unit sold: sales commissions, $2.50; marketing promotions, $1.50; supplies, $0.45; bad debt expense, $0.20 Required: Prepare ABC Company’s operating expense budget for June, July, and August. Note: Enter all values as positive value.
answer in text form please (without image)
Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company planned for activity of 861 frames, but the actual level of activity was 856 frames. The actual supplies cost for the month was $7,790. The activity variance for supplies cost in March would be closest to: rev: 06_29_2020_QC_CS-208650 Multiple Choice о O O O $324 U $30 F $324 F $30 U
Picozzi Snow Removal's cost formula for its vehicle operating cost is $2,060 per month plus $306 per snow-day. For the month of January, the company planned for activity of 16 snow-days, but the actual level of activity was 18 snow-days. The actual vehicle operating cost for the month was $7,720. The vehicle operating cost in the planning budget for January would be closest to:
Acme 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) $ 0
tour company uses two measures of activity, routes and passengers in its cost formulas used for budgeting and performance evaluation. The cost formula for tour operating costs is $56,880 per month plus $2,880 per route plus $15 per passenger. The company expected in August to perform 90 routes and serve 256 passengers, but the actual activity was 96 routes and 263 passengers. The actual tour operating costs in August was $305,100. The spending variance for tour operating costs in August would be closest to: Multiple Choice $32,205 Unfavorable $32,205 Favorable $14,820 Unfavorable $17,385 Favorable $14,820 Favorable O O O