QS 23-2 (Algo) Flexible budget cost calculations LO P1Based on predicted production of 25,100 units, a company budgets $360,000 of fixed costs and $476,900 of variable costs. Ifthe company actually produces 18,600 units, what are the flexible budget amounts of fixed and variable costs?------Flexible Budget------Variable costFixed costs་Variable Amountper UnitTotal Fixed Cost18,600 units19.00$476,900

Variable cost per unit remains the same but varies directly in relation to the volume. Fixed cost,…

Answered: QS 23-2 (Algo) Flexible budget cost…

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter19: Cost-Volume-Profit Analysis

Section: Chapter Questions

Problem 19.17EX

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QS 21-2 (Algo) Flexible budget cost calculations LO P1 Based on predicted production of 25,500 units, a company budgets $390,000 of fixed costs and $459,000 of variable costs. If the company actually produces 18,200 units, what are the flexible budget amounts of fixed and variable costs? Variable cost Fixed costs ------Flexible Budget------ Variable Amount per Unit Total Fixed Cost 18,200 units
F Based on predicted production of 25,000 units, a company budgets $280,000 of fixed costs and $275,000 of variable costs. If the company actually produces 19,800 units, what are the flexible budget amounts of fixed and variable costs? -----Flexible Budget------ Variable Amount per Unit Total Fixed Cost 19,800 units $ 275,000 Variable cost Fixed costs 280,000 2 W S # 3 E D $ 4 $ D R F 4 U 8 J 9 K
le 12L x Connect neducation.com e i Saved Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (10, 500 units) $21,000 5,250 $15,750 5,250 $10,500 Variable costs Contribution margin Fixed costs Net income If actual production totals 10,900 units, the flexible budget would show total costs of: Multiple Choice
QUESTION 19 Cost AccountingChoose the answer from the choices
Q Questions 39-40 refer to the following: The Minard company uses the following condensed flexible budget for manufacturing overhead: Variable overhead $5.80 per direct labor hour Budgeted fixed overhead $420,000 per year At an activity level of 600,000 direct labor hours per year, the budgeted total manufacturing overhead cost would be: F1 Multiple Choice @ 2 W $3,840,000 $3,900,000 $1,020,000 $420,000 F2 # 3 L APR 28 80 F3 $ 4 Q F4 % 5 * DII 8 FB A 19
Exercise 18-21 (Algo) Predicting unit and dollar sales using contribution margin LO C2 Nombre Company management predicts $1,632,000 of variable costs, $2,213,000 of fixed costs, and income of $235,000 in the next period. Management also predicts that the contribution margin per unit will be $51. (1) Compute the total expected dollar sales for next period. Contribution margin Income (2) Compute the number of units expected to be sold and produced next period. Numerator: 1 Denominator: = = Units Units
QUESTION 39 Complete the Flexible Budget Performance Report below: Sales Revenue Total Variable Costs Total Fixed Costs Total Variable Costs at 120 hours = Master Budget (100 hours) $2,000 $400 $300 Flexible Budget (120 hours) ? ? ?
Question
S-6
--/1 Question 14 View Policies Current Attempt in Progress At 9,000 direct labor hours, the flexible budget for indirect materials is $27,000. If $28,000 of indirect materials costs are incurred at 9,200 direct labor hours, the flexible budget report should show the following difference for indirect materials O $400 favorable. O $1,000 favorable. O $400 unfavorable. O $1,000 unfavorable.
None
Question 12 A company's flexible budget for 12,600 units of production showed sales, $54,180; variable costs, $22,680; and fixed costs, $22,000. The operating income expected if the company produces and sells 26,800 units is: O $115,240 O $61,060 O $48,240 O $45,000 O $79,960 Question 13 Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (3 lbs.@ $.75/b.) F2 O+ SA F6 % D $2.25per finished unit F7 F8 s

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