Prepare a flexible production budget for the year ending December 31 for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following additional information is necessary to complete the budget: Variable costs: Direct labor ($6.00 per unit) Direct materials ($8.00 per unit) Variable manufacturing costs ($2.50 per unit) Fixed costs: Supervisor's salaries $80,000 Rent 12,000 Depreciation on equipment 24,000 Cedar Jeans CompanyFlexible Production BudgetFor the Year Ending December 31 Units of production fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable costs: Direct labor ($6.00 per unit) $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Direct materials ($8.00 per unit) fill in the blank 7 fill in the blank 8 fill in the blank 9 Variable manufacturing costs ($2.50 per unit) fill in the blank 10 fill in the blank 11 fill in the blank 12 Total variable costs $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Fixed costs: Supervisor's salaries $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 Rent fill in the blank 19 fill in the blank 20 fill in the blank 21 Depreciation on equipment fill in the blank 22 fill in the blank 23 fill in the blank 24 Total fixed costs $fill in the blank 25 $fill in the blank 26 $fill in the blank 27 Total costs $fill in the blank 28 $fill in the blank 29 $fill in the blank 30
Prepare a flexible production budget for the year ending December 31 for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following additional information is necessary to complete the budget: Variable costs: Direct labor ($6.00 per unit) Direct materials ($8.00 per unit) Variable manufacturing costs ($2.50 per unit) Fixed costs: Supervisor's salaries $80,000 Rent 12,000 Depreciation on equipment 24,000 Cedar Jeans CompanyFlexible Production BudgetFor the Year Ending December 31 Units of production fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable costs: Direct labor ($6.00 per unit) $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Direct materials ($8.00 per unit) fill in the blank 7 fill in the blank 8 fill in the blank 9 Variable manufacturing costs ($2.50 per unit) fill in the blank 10 fill in the blank 11 fill in the blank 12 Total variable costs $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Fixed costs: Supervisor's salaries $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 Rent fill in the blank 19 fill in the blank 20 fill in the blank 21 Depreciation on equipment fill in the blank 22 fill in the blank 23 fill in the blank 24 Total fixed costs $fill in the blank 25 $fill in the blank 26 $fill in the blank 27 Total costs $fill in the blank 28 $fill in the blank 29 $fill in the blank 30
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Prepare a flexible production budget for the year ending December 31 for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following additional information is necessary to complete the budget:
Variable costs: Direct labor ($6.00 per unit) Direct materials ($8.00 per unit) Variable manufacturing costs ($2.50 per unit)
Fixed costs: Supervisor's salaries $80,000 Rent 12,000 Depreciation on equipment24,000
Cedar Jeans CompanyFlexible Production BudgetFor the Year Ending December 31Units of production fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable costs: Direct labor ($6.00 per unit) $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Direct materials ($8.00 per unit) fill in the blank 7 fill in the blank 8 fill in the blank 9 Variable manufacturing costs ($2.50 per unit) fill in the blank 10 fill in the blank 11 fill in the blank 12 Total variable costs $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Fixed costs: Supervisor's salaries $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 Rent fill in the blank 19 fill in the blank 20 fill in the blank 21 Depreciation on equipment fill in the blank 22 fill in the blank 23 fill in the blank 24 Total fixed costs $fill in the blank 25 $fill in the blank 26 $fill in the blank 27 Total costs $fill in the blank 28 $fill in the blank 29 $fill in the blank 30
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