E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2]Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table.Required:Complete the table by preparing Olive's flexible budget for 5,000, 7,000, and 8,000 units.Note: Round your intermediate calculations to 2 decimal places.Master Budget Flexible Budget Flexible Budget Flexible Budget(6,000 Units)(5,000 Units)Direct materialsS600Direct labor3,000Variable manufacturing overhead1,200Fixed manufacturing overhead17,400Total manufacturing costS22,200(7,000 Units)(8,000 Units)

Per Unit Cost (based on 6,000 units):DM = 600 / 6,000 = 0.10DL = 3,000 / 6,000 = 0.50Variable…

Answered: E9-2 (Algo) Preparing Flexible Budget…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 7CE: Refer to Cornerstone Exercise 8.6. Required: 1. Calculate the total budgeted cost of units produced...

See similar textbooks

Similar questions

Please provide answer in text (Without image)
E9-2 (Algo) Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 4,100, 6,100, and 7,100 units. Note: Round your intermediate calculations to 2 decimal places. Master Budget Flexible Budget Flexible Budget Flexible Budget (6,100 Units) (7,100 Units) (5,100 Units) (4,100 Units) Direct materials $ 1,020 Direct labor 2,550 Variable manufacturing overhead 1,530 Fixed manufacturing overhead 17,800 Total manufacturing cost $ 22,900
None
Q.Prepare a cost of goods sold budget for January 2018.
Munabhai
Please help me with show all calculation thanku
Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,100 units (solar panels).in July and 5,100 units in August. QS 20-9 (Algo) Manufacturing: Direct materials budget LO P1 Each unit requires 3 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. As of June 30, the company has 3,060 pounds of direct materials in inventory. Prepare the direct materials budget for July. Units to produce MIAMI SOLAR Direct Materials Budget Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases July 5,100
Please help me with all answers thanku
answer in text form please (without image)
Q.Prepare a direct manufacturing labor costs budget for January 2018.
The following fixed budget is based on budgeted sales of 700 units. Fixed Budget Sales (700 units x $830 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales staff commissions Shipping Administrative salaries Depreciation-Machinery Taxes and insurance Sales staff salaries (fixed) Income Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate total variable cost per unit. $ 581,000 59,500 101,500 38,500 14,000 31,500 34,300 43,200 7,100 4,100 7,300 $ 240,000 Total variable cost per unit
Required information Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,600 units (solar panels) in July and 5,800 units in August. QS 20-9 (Algo) Manufacturing: Direct materials budget LO P1 Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 4,480 pounds of direct materials in inventory. Prepare the direct materials budget for July. MIAMI SOLAR Direct Materials Budget Units to produce Materials required per unit (pounds) Materials needed for production (pounds) Add: Desired ending materials inventory Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds); Materials cost per pound Cost of direct materials purchases $ July 5,600 2 11,200 4,640 15,840…

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS