Munoz Manufacturing Company established the following standard price and cost data:Sales priceVariable manufacturing costFixed manufacturing costFixed selling and administrative cost$ 8.60 per unit$ 3.50 per unit$ 2,500 total$ 1,000 totalMunoz planned to produce and sell 2,400 units. Actual production and sales amounted to 2,600 units.Assume that the actual sales price is $8.40 per unit and that the actual variable cost is $3.70 per unit. The actual fixed manufacturingcost is $2,000, and the actual selling and administrative costs are $1,030.Requireda.&b. Determine the flexible budget variances and classify the effect of each variance by selecting favorable (F) or unfavorable (U).Note: Select "None" if there is no effect (i.e., zero variance).Flexible BudgetVariancesSalesVariable manufacturingContribution marginFixed manufacturingUFFixed selling and administrative costUNet income (loss)U

Flexible Budget Variances:Here's a breakdown of the variances and their classifications:Flexible…

Answered: Munoz Manufacturing Company established…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A water bill is composed of two components: A base charge and a water consumption charge. 2019 Rates 2020 Rates Base Charge $24.16 $25.37 2019 Rates 2020 Rates 0-34 water units $2.64 $2.77 35-54 water units $3.19 $3.35 More 54 water units $3.99 $4.19 Calculate the cost of water for 2019 if you used 48 water units. (Number only. Use the situation to decide appropriate rounding.)
Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 400,000 260,000 140,000 40,000 100,000 Average operating assets $ 500,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: Multiple Choice О $20,000. $21,000. $22,000. $23,000.
Find the total cost of the following shipment of materials: 23 floor boxes listed at $4.00 each, less 15% ; 150 half-inch conduits listed at $0.60 each, less 20% ; 125 convenience outlets listed at $0.79 each, less 10% ; 83 single-pole flush switches listed at $0.45 each, less 30%.
A local firm is planning its workforce and production levels over the next year. The firm makes a variety of microprocessors and uses sales dollars as its aggregate production unit. Based on orders received and sales forecasts provided by the marketing department, the estimate of dollar sales for the next year by month is as follows: Month Production Days Predicted Demand(in $10,000) Month Production Days Predicted Demand(in $10,000) January 20 595 July 20 410 February 19 225 August 21 130 March 22 565 September 19 405 April 18 205 October 23 315 May 21 230 November 21 355 June 22 120 December 18 350 Inventory holding costs are based on a 25% annual interest charge. It is anticipated that there will be 675 workers on the payroll at the end of the current year and inventories will amount to $120,000. The firm would like to have at least $100,000 of inventory at the end of December…
In 1997 Fuller and coworkers at Texas A&M University estimated the operating costs of cotton gin plants of various sizes. The operating costs of the next to the smallest plant is shown in the following table. x 2000 4000 6000 8000 10000 12000 y 163,200 230,480 301,500 376,160 454,400 536,400 Here x is the annual number of bales produced, and y is the dollar total cost. (Use 4 decimal places in your answer.)A. Determine the best fitting line using least squares. Also determine the square of the correlation coefficient.The best fitting line is C(x) = .The square of the correlation coefficient is r2 = .B. The study noted that revenue was $63.25 per bale. At what level of production will this plant break even?The revenue equation is R(x) = The profit equation is P(x) = The production will break even when bales are produced.C. What are the profits or losses when production is 3000 bales? 4000 bales? (Round to the nearest cent.)When…
Calculate the Producers' Surplus at the indicated unit price p (in dollars) for the given supply equation. p = 100+q; p A. $15,000 B. $35,000 C. $10,000 D. $5,000 = 200

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