Miller and Sons' static budget for 10,100 units of production includes $38,800 for direct materials, $48,600 for direct labor, variable utilities of $6,800, and supervisor salaries of $14,400. A flexible budget for 13,000 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. Oa. direct materials of $49,941, direct labor of $62,554, utilities of $8,752, and supervisor salaries of $14,400 Ob. direct materials of $49,941, direct labor of $62,554, utilities of $8,752, and supervisor salaries of $17,280 Oc. the same cost structure in total Od. total variable costs of $108,600

Miller and Sons' static budget for 10,100 units of production includes $38,800 for direct materials, $48,600 for direct labor, variable utilities of $6,800, and supervisor salaries of $14,400. A flexible budget for 13,000 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. Oa. direct materials of $49,941, direct labor of $62,554, utilities of $8,752, and supervisor salaries of $14,400 Ob. direct materials of $49,941, direct labor of $62,554, utilities of $8,752, and supervisor salaries of $17,280 Oc. the same cost structure in total Od. total variable costs of $108,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Jase Manufacturing Co.'s static budget at 7,700 units of production includes $30,800 for direct labor and $3,080 for electric power. Total fixed costs are $41,500. At 10,700 units of production, a flexible budget would show a.variable costs of $47,080 and $41,500 of fixed costs b.variable costs of $33,880 and $41,500 c.variable and fixed costs totaling $75,380 d.variable costs of $47,080 and $57,669 of fixed costs
The fixed budget for 21,700 units of production shows sales of $564,200; variable costs of $65,100; and fixed costs of $143,000. If the compamy actually produces and sells 27,500 units, calculate the flexible budget income.
Karen Company has 22,800 beginning finished goods units. Budgeted sales units are 182,400. If management desires 17,100 ending finished goods units, what are the required units of production? Required units of production
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Zain, Inc., is developing flexible budgets for each department as part of its plan to use standard costs. The normal monthly volume in the Assembling Department is 50,000 direct labor hours. At normal volume, department fixed costs include $70,000 for power and $40,000 for maintenance and salaries of $70,000 per month. Indirect variable labor is $120,000, which involves 15,000 hours of indirect labor at $8 per hour. Other variable costs in the Assembling Department are as follows: Tools and supplies $3.00 per machine hour Maintenance 2.50 per machine hour Power 3.50 per machine hour Depreciation 4.50 per machine hour The normal volume is 40,000 machine hours per month. The company uses a service (or usage) hours method to depreciate its fixed assets. Instructions: Prepare a departmental flexible overhead budget for 30,000 machine hours and for 40,000 machine hours. (10 marks) Did you treat depreciation expense as a variable or a fixed cost? Defend your…
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