Budgeted costs for the year 2019 Fixed cost Variable cost Costs of: (per year) $ (per case) Blackberries 850,000 $ 10.25 Labour 1,100,000 9.75 Packaging Processing Selling and Admin 50.00 1,500,000 20.00 135,000 Utilities 15,000 6.00 $ 3,600,000 $ 96.00 The table above reflects the information available at the end of 2018; expected 2019 sales are 17,500 cases. In 2019, a sudden increase in demand for cordial, caused by a government-negotiated trade deal with the United Kingdom, led F&F to produce and sell 18,000 cases at a price of $435 per case (up from $396). Unlike the Robinson family, Marty Dibble had intimate knowledge of the trade negotiations as he has been part of the negotiations team since 2016. F&F's actual expenses for 2019 were: Actual cost for the year 2019 Costs of: Blackberries $ 1,086,225 Labour 1,352,030 Packaging Processing Selling and Admin Utilities 909,000 1,953,000 141,750 119,925

Budgeted costs for the year 2019 Fixed cost Variable cost Costs of: (per year) $ (per case) Blackberries 850,000 $ 10.25 Labour 1,100,000 9.75 Packaging Processing Selling and Admin 50.00 1,500,000 20.00 135,000 Utilities 15,000 6.00 $ 3,600,000 $ 96.00 The table above reflects the information available at the end of 2018; expected 2019 sales are 17,500 cases. In 2019, a sudden increase in demand for cordial, caused by a government-negotiated trade deal with the United Kingdom, led F&F to produce and sell 18,000 cases at a price of $435 per case (up from $396). Unlike the Robinson family, Marty Dibble had intimate knowledge of the trade negotiations as he has been part of the negotiations team since 2016. F&F's actual expenses for 2019 were: Actual cost for the year 2019 Costs of: Blackberries $ 1,086,225 Labour 1,352,030 Packaging Processing Selling and Admin Utilities 909,000 1,953,000 141,750 119,925

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 11MC: Which of the following statements is not correct? A. The sales budget is computed by multiplying...

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