Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. Round your answers to the nearest cent, if required. Nashler Company Flexible Budget Variable cost per unit Range of Production in Units 160,000 Range of Production in Units 170,000 Range of Production in Units 175,000 Production costs: Variable: Direct materials Direct labor Variable overhead: Supplies Maintenance Power Total variable costs Fixed overhead: Supervision Depreciation Other overhead

Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. Round your answers to the nearest cent, if required. Nashler Company Flexible Budget Variable cost per unit Range of Production in Units 160,000 Range of Production in Units 170,000 Range of Production in Units 175,000 Production costs: Variable: Direct materials Direct labor Variable overhead: Supplies Maintenance Power Total variable costs Fixed overhead: Supervision Depreciation Other overhead

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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Flexible Budget with Different Levels of ProductionBalboa Company budgeted the following amounts:Variable costs of production:Direct materials 3 pounds @ $1.30 per poundDirect labor 0.5 hr. @ $18.00 per hourVOH 0.5 hr. @ $3.40FOH:Materials handling $8,600Depreciation $4,350Required:Prepare a flexible budget for 4,000 units, 4,500 units, and 5,000 units
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Question Content Area Production, Direct Labor, Direct Materials, Sales Budgets, Budgeted Contribution Margin Laghari Company makes and sells high-quality glare filters for microcomputer monitors. John Tanaka, controller, is responsible for preparing Laghari's master budget and has assembled the following data for the coming year. The direct labor rate includes wages, all employee-related benefits, and the employer's share of FICA. Labor saving machinery will be fully operational by March. Also, as of March 1, the company's union contract calls for an increase in direct labor wages that is included in the direct labor rate. Laghari expects to have 5,600 glare filters in inventory on December 31 of the current year, and has a policy of carrying 35 percent of the following month's projected sales in inventory. Information on the first four months of the coming year is as follows: January February March April Estimated unit sales 36,000 34,500 39,000 38,600 Sales price per unit…