okThe master budget at Monroe Manufacturing last period called for sales of 42,400 units at $46 each. Thecosts were estimated to be $30 variable per unit and $528,000 fixed. During the period, actual productionand actual sales were 45,400 units. The selling price was $45 per unit. Variable costs were $32 per unit.Actual fixed costs were $519,000.Required:Prepare a flexible budget for Monroe Manufacturing.Monroe ManufacturingFlexible Budgetes

Sales (45,400 x $45) $2,043,000Variable Costs (45,400 x $32) (1,456,800)Fixed Costs…

Answered: ok The master budget at Monroe…

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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Using the provided budgeted information for production of 10,000 and 15,000 units, prepare a flexible budget for 17,000 units. Production Expense A Expense B Expense C Expense A Expense B Expense C Total expenses Expenses Production and expense data 10,000 units $15,000 21,000 43,000 Flexible budget for 17,000 units 15,000 units 17,000 units $22,500 21,000 43,000
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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.
Using a flexible budgeting approach how do I prepare a performance report for the current department for September 2016, comparing actual overhead cost with budgeted overhead cost for 5700 hours. Separate overhead costs into variable and fix components and show the amounts of any variances between actual and budget in amounts.
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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
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
Flexible budget. Bryant Company’s budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $43, $6, and $13, respectively. The president is pleased with the following performance report
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Static budget versus flexible budget: The I'm just started digging a production supervisor of the machine department for hanger town company agree to the following monthly static budget for the upcoming year. Hanger town machine Department monthly production budget, Wages- $570,000, utilities- 39,000, depreciation- 65,000 total 674,000 2196 the actual amount spent and the actual units produce in the first three months in the machines Department were as follow. May- amount spent $636,000 unit produced 55,000 June- 607,000 unit produced 50,000 July- 579,000 unit produced 45,000 The machine Department supervisor has been very pleased with his this performance because actual extra Dentures for May through July have been significantly Imagine lyrics less than the monthly static budget of 674,000. However the plant manager believes that the budget should not remain fixed for every month but should flex or adjust to the volume of the work that it is produced in the machine Department.…
The master budget at Monroe Manufacturing last period called for sales of 43,500 units at $57 each. The costs were estimated to be $41 variable per unit and $539,000 fixed. During the period, actual production and actual sales were 46,500 units. The selling price was $56 per unit. Variable costs were $43 per unit. Actual fixed costs were $530,000. Required: Prepare a flexible budget for Monroe Manufacturing. Monroe Manufacturing Flexible Budget $ $ 0

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