In Grouper Company's flexible budget graph, the fixed-cost line and the total budgeted cost line intersect the vertical axis at $94,200. The total budgeted cost line is $366,980 at an activity level of 59,300 direct labor hours. Compute total budgeted costs at 75,000 direct labor hours. Total budgeted costs S 345000

In Grouper Company's flexible budget graph, the fixed-cost line and the total budgeted cost line intersect the vertical axis at $94,200. The total budgeted cost line is $366,980 at an activity level of 59,300 direct labor hours. Compute total budgeted costs at 75,000 direct labor hours. Total budgeted costs S 345000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 62E: Flexible Budget for Various Levels of Production Budgeted amounts for the year: Required: 1. Prepare...

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This is the length of time it takes to initiate and complete a finished product. O a. Fiscal year O b. Accounting year c. Production cycle Od. Short-term QUESTION 21 Costs that remain constant even with changes in production level. O a. Variable costs O b. Start-up costs O c. Semi-variable costs O d. Fixed costs QUESTION 22 The challenge of budgeting is to determine what will change and what will stay the same. O True False QUESTION 23 The numbers on tax returns (cash basis) are the same as the number we use to manage a department (accrual basis). O True O False QUESTION 24 A pattern of change over several time periods which can help us make estimates for the future is a. a gap. Ob. a fixed cost. Oc. a transformation. d. a trend.
QUESTION 2 Budgeted Production in units Budgeted Fixed Cont Budgeted VC per unit Operating Costs per Unit Fixed Operating Costs Selling price per unit Expected sales per unit 500 100.000 150 75 95,000 1,500 200 Arial 500 100,000 150 75 95,000 1,500 500 Based on the above information what is the budgeted fixed cost per unit? Compute the Sales, Cost of Goods Sold and the Operating Income under 13 Variable Costing and 2) Absorption Costing Note: I will accept 1) the video lecture method or 2) the chapter 9 assignment solution method For the toolbar, press ALT-10 (PC or ALT-IN-10Ma BIVS Paragraph 10pt 11 I. XO QE
uiz i 2 Required information [The following information applies to the questions displayed below.] The fixed budget for 20,900 units of production shows sales of $438,900; variable costs of $62,700; and fixed costs of $142,000. If the company actually produces and sells 27,300 units, calculate the flexible budget income. Contribution margin Flexible Budget------ ---Flexible Budget at --- Variable Amount per Unit Total Fixed Cost 20,900 units 27,300 units
O https://ezto. Help Save & Exit Soved Unit 4 Assignment 8. In preparing a master budget, budgeted levels for production, manufacturing costs, and operating expenses normally are determined after preparing the sales forecast. True or False Ask True False 8 of 20 Mc Graw Hill
Task 2 Stone Absorption costing (over- and under absorbtion) Marginal costing Stine is drafting a budget on the absis of the following data: Direct material Direct labour Variable production expenses Fixed production overheads are budgeted at Normal output The selling price is fixed at Information about production and sales Production. Sales January units 7 500 000 5 10 $ per unit 5 $ per unit 8 $ per unit. i) absorption costing ii) marginal costing c) Compare Net profit and make a conclusion 27 000 9.000 30 $ per unit. February units 8500 8 500 $ per month and units per month; March units 9.000 9 500 (a)Prepare a cost card using absorption and marginal costing (b)Set out Income Statements for the months of January and February, using 90 % capacity.
Q1Prepare the production budget in units. Q. Use the production budget to: a. Find the budgeted number of setups and setup-hours and the allocation rate for setup costs. b. Find the budgeted total machine-hours and the allocation rate for processing costs. c. Find the budgeted total units produced and the allocation rate for inspection costs.
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Home CengageNOWV2 |Online teachin X RakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $110.000 and equipment depreciation of $33,000 for 11,000 hours of production. The department actually completed 13,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 171,000 Previous Net Submie Test for Groding All work saved.
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