Miller and Sons' static budget for 10,100 units of production includes $44,800 for direct materials, $53,500 for direct labor, variable utilities of $6,600, and supervisor salaries of $14,100. A flexible budget for 12,300 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. O total variable costs of $119,000 Ob the same cost structure in total c direct materials of $54,558, direct labor of 565,15%, utilities of $8,038, and supervisor salaries of $16,920 Od direct materials of 354,558, direct labor of 565,153, utilities of 58038, and supervisne salaries of $14,100

Miller and Sons' static budget for 10,100 units of production includes $44,800 for direct materials, $53,500 for direct labor, variable utilities of $6,600, and supervisor salaries of $14,100. A flexible budget for 12,300 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. O total variable costs of $119,000 Ob the same cost structure in total c direct materials of $54,558, direct labor of 565,15%, utilities of $8,038, and supervisor salaries of $16,920 Od direct materials of 354,558, direct labor of 565,153, utilities of 58038, and supervisne salaries of $14,100

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

Using the above table and below additional information, calculate direct labor cost price variance and quantity variance. Additional information for DL: • Direct labor efficiency standard . Actual amount of direct labor hours Actual cost of direct labor 0.24 DLHr per batch of crayons 10,400 DLHr $145,600 a. Price variance is 650 unfavorable, and quantity variance is 22,480 unfavorable. b. Price variance is 20,800 unfavorable, and quantity variance is 24,960 favorable. c. Price variance is 20,800 favorable, and quantity variance is 24,960 favorable. O d. Price variance is 650 favorable, and quantity variance is 22,480 unfavorable.
Subject - account Please help me. Thankyou.
A company's flexible budget for 9,000 units of production showed per unit contribution margin of $4.80 and fixed costs, $20,000. The income expected If the company produces and sells 14,000 units is: Multiple Choice $47,200. $3.000. $67,200. $23.200. $20.000. A company's flexible budget for 13,300 units of production showed sales, $43,890; variable costs, $15,960; and fixed costs, $15,400, The income expected if the company produces and sells 17,300 units is: Multiple Choice $3,333. $12,530. $25,500. $20,930. $26,313.
Vaughn Manufacturing uses flexible budgets. At normal capacity of 15000 units, budgeted manufacturing overhead is: $90000 for variable costs and $180000 for fixed costs. If Vaughn had actual overhead costs of $225000 for 20000 units produced, what is the difference between actual and budgeted costs? O $75000 unfavorable. O $75000 favorable. O$300000 favorable. O $225000 unfavorable.
Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Revenue Employee salaries and wages Servicing materials Other expenses Multiple Choice The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May. The activity variance for total expenses for May would have been closest to: о о о $10,500 F $8,500 F $10,500 U Fixed element per Variable Element per month Well Serviced $ 4,500 $ 1,100 $ 600 $8,500 U $ 57,200 $ 31,000
Millan Company provided you with the following data: Budgeted Fixed FOH costs $207,000; Actual FOH incurred $555,000; Variable FOH rate per direct labor hour $5; Fixed FOH rate per direct labor hour $3; Standard direct labor hours 68,000; Actual direct labor hours used 70,000. What is the total amount of idle capacity variance? $2,000 Unfavorable $2,000 Favorable$3,000 Unfavorable $8,000 Unfavorable None of the above
Miller and Sons' static budget for 10,500 units of production includes $43,700 for direct materials, $53,400 for direct labor, variable utilities of $8,000, and supervisor salaries of $15,700. A flexible budget for 12,900 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. Oa. total variable costs of $120,800 Ob. the same cost structure in total Oc. direct materials of $53,689, direct labor of S65,606, utilities of $9,829, and supervisor salaries of $18,840 Od. direct materials of $53,689, direct labor of $65,606, utilities of $9,829, and supervisor salaries of $15,700
Hannahs Cooking Companys flexible budget cost formula for indirect materials, a variable cost, is $0.60 per unit of output. If the company's performance report for last month shows an $800 favorable spending variance for indirect materials and if 9,000 units of output were produced last month, then the actual costs incurred for indirect materials for the month must have been: Group of answer choices $6,200 $4,600 $5,600 $5,400
as Great Outdoze Company manufactures sleeping bags, which sell for $67.00 each. The variable costs of production are as follows: $18.20 9.10 7.00 Direct material Direct labor Variable manufacturing overhead Budgeted fixed overhead in 20x1 was $160,000 and budgeted production was 20,000 sleeping bags. The year's actual production was 20,000 units, of which 16,700 were sold. Variable selling and administrative costs were $1.90 per unit sold; fixed selling and administrative costs were $25,000. Required: 1. Calculate the product cost per sleeping bag under (a) absorption costing and (b) variable costing. 2-a. Prepare an operating income statement for the year using absorption costing. 2-b. Prepare an operating income statement for the year using variable costing. 3. Reconcile reported operating income under the two methods using the shortcut method.
Please help me with all answers thanku
* Your answer is incorrect. Ayayai Company has prepared a graph of flexible budget data. At zero direct labor hours, the total budgeted cost line intersects the vertical axis at $18,400. At 8,000 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $68,000. How may the fixed and variable costs be expressed? (Round variable cost per direct labor hour to 2 decimal places, e.g. 1.25.) Total budgeted costs are $ 6.2 fixed plus $ 18400 per direct labor hour.
Harder