Please solve this question Question # 2G RevisitThe expenses budgeted for production of 3000 units in a factory are given as follows: ParticularsMaterial4LabourVariable Overheads3.50Fixed Factory Overheads (2.18000)Office Expenses (80% Fixed)Administrative expenses (70% Variables)Selling expenses (60% fixed)Total Cost of sales per unit6.104.501242Prepare a budget for production of (1) 7000 (i) 9,000

Flexible Budget is the budget which adjusts with the level of activity. It is also known as variable…

Question #2 G Revisit The expenses budgeted for production of 3000 units in a tactory are given as follows: Particulars Material 4 Labour 2 Variable Overtheads 3.50 Fixed Factory Overheads (2.18000) Office Expenses (80% Fixed) Administrative expenses (70% Variables) Selling expenses (60% fixed) Total Cost of sales per unit 10 4.50 12 42 Prepare a budget for production of (1) 7000 (i) 9,000

Question #2 G Revisit The expenses budgeted for production of 3000 units in a tactory are given as follows: Particulars Material 4 Labour 2 Variable Overtheads 3.50 Fixed Factory Overheads (2.18000) Office Expenses (80% Fixed) Administrative expenses (70% Variables) Selling expenses (60% fixed) Total Cost of sales per unit 10 4.50 12 42 Prepare a budget for production of (1) 7000 (i) 9,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 7CE: Refer to Cornerstone Exercise 8.6. Required: 1. Calculate the total budgeted cost of units produced...

See similar textbooks

Similar questions

don't give answer in image format
Question A1 The following budgeted information relates to two departments in AB Ltd for the next financial control period: Machine Department Production Overhead Direct Lab. Cost Direct Lab. Hours Direct Hours Mat. Cost £ 55,000 122,000 131,000 80,000 15,000 150,000 2,000 20,000 50,000 10,000 A Required: Using the most appropriate base in each instance identify the production overhead absorption rate for: (a) (i) (ii) Department A Department B Outline clearly two advantages of using predetermined overhead absorption rates. (b)
Question 1 Shiashi Ltd is preparing its manufacturing overhead budget for 2024. Relevant data consist of the following: - Units to be produced (by quarters): 20,000, 24,000, 34,000 and 36,000. Direct labour: Time is 1.5 hours per unit. Variable overhead costs per direct labour hour: Indirect materials GH¢1.40; indirect labour GH 2.40 and maintenance $1.50. Fixed overhead costs per quarter: Supervisory salaries GH 55,000; depreciation GH 27,000 and maintenance GH¢25,000. a) You are required to prepare the manufacturing overhead budget for the year, showing quarterly data. b) What does an organisation stand to gain by preparing annual budgets for its operations? c) Describe the budgeting process of any business entity that you are familiar with.
uiz i 2 Required information [The following information applies to the questions displayed below.] The fixed budget for 20,900 units of production shows sales of $438,900; variable costs of $62,700; and fixed costs of $142,000. If the company actually produces and sells 27,300 units, calculate the flexible budget income. Contribution margin Flexible Budget------ ---Flexible Budget at --- Variable Amount per Unit Total Fixed Cost 20,900 units 27,300 units
Don't give answer in image format
QUESTION 5 The following budgeted profit statement has been prepared using absorption costing principles.A company manufactures and sells a single product which has the following cost and sellingprice structure: P/unit P/unit Selling price P120 Direct material 22 Direct labour 36 Variable overhead 14 Fixed overhead 12 P84 Profit per unit P36 The fixed overhead absorption rate is based on the normal capacity of 2,000 units per month.Assume that the same amount is spent each month on fixed overheads.Budgeted sales for next month are 2,200 units.You are required to calculate:a. The breakeven point, in sales units per month. b. The margin of safety for the next month. c. The budgeted profit for the next month. d. The sales required to achieve a profit of P96,000.
Main,do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook Using the following budgeted information for production of 9,000 and 16,000 units, prepare a flexible budget for 17,000 units. Production 9,000 units 16,000 units Expense A $14,400 $25,600 Expense B 21,000 21,000 Expense C 45,000 #5,000 Total expenses $
Budget expense for production 5000 unit in a factory are given below per unit Variable expense direct 5 Fixed overhead rs.40000 8 Prepare a budget rs.4000 and rs.3000. Assume that administration expense are rigid
Question 1: Asan Ltd manufactures two products. The following budgeted information relates to each product. Product Alpha 70 12 Product Beta Selling Price Per Unit Direct Materials Cost Per Unit Cost per kg of material Direct Labour Hours Per Unit Direct Labour Wage Rate Per Hour Variable Overheads Per Unit Production and sales per month (units) Fixed overheads per month 90 20 4 6. 3 7800 92000 3100 43000 Required Calculate the following for each Product, based on the information given above: a. i. Contribution per unit i. Break even point in terms of Sales Units and Sales Revenue i. Margin of Safety as a % of normal production iv. Budgeted Profit per month The production manager has been warned that there could be a shortfall of material during the next month due to transportation strike. He estimates that there will be 20,000 kilograms available. Calculate the amount of units that should be produced in order to maximise profit/minimise loss and calculate the estimated profit/loss…
QUESTION 2 The following data have been provided by Mathews Corporation: Budgeted production 6.900 units Standard machine-hours per unit 9.4 machine-hours Standard lubricants rate $1.20 per machine-hour Standard supplies rate $1.00 per machine-hour Actual production 7,000 units Actual machine-hours (total) 66.230 machine-hours Actual lubricants cost (total) $78.100 Actual supplies cost (total) $66.536 Lubricants and supplies are both elements of variable manufacturing overhead. The variable overhead rate variance for supplies is closest to: $306 U $736 U $430 U $736 F
sions Question 10 --/1 ences View Policies prations Current Attempt in Progress LUS Support Vaughn Manufacturing's budgeted manufacturing costs for 40000 squares of shingles are: S. entral 365 Fixed manufacturing costs $12000 Variable manufacturing costs $16 per square Vaughnproduced 30000 squares of shingles during March. How much are budgeted total manufacturing costs in March? O $652000 O $492000 O $640000 O $480000 search
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