Shalom Company expects to produce 1,200,000 units of Peace Products in 2023. Monthlyproduction is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturingcosts per unit are as follows: direct materials P4, direct labor P6, and overhead P8. Budgetedfixed manufacturing costs per unit for depreciation are P2 and for supervision P1. Amounts mustbe in whole numbers. Example: 88,000 or (88,000)In your flexible budget report, what is the total variable manufacturing costs for 40,000 units? Shalom Company has provided the following data concerning its costs:Fixed cost per month22,3005,0001 Administrative expenses2 Depreciation3 Supplies4 Rent5Utilities6 Wages and salaries15,0004,70024,100Cost per hour1.002.006.003.5035.00The company planned to work for 300 hours in February for P350 per hour. However, it worked360 hours during that month, an activity level within its relevant range. Amounts must be in wholenumbers. Example: 88,000 or (88,000)In your flexible budget report, what was the net income of Shalom Company in February?

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Shalom Company expects to produce 1,200,000 units of Peace Products in 2023. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials P4, direct labor P6, and overhead P8. Budgeted fixed manufacturing costs per unit for depreciation are P2 and for supervision P1. Amounts must be in whole numbers. Example: 88,000 or (88,000) In your flexible budget report, what is the total variable manufacturing costs for 40,000 units?

Shalom Company expects to produce 1,200,000 units of Peace Products in 2023. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials P4, direct labor P6, and overhead P8. Budgeted fixed manufacturing costs per unit for depreciation are P2 and for supervision P1. Amounts must be in whole numbers. Example: 88,000 or (88,000) In your flexible budget report, what is the total variable manufacturing costs for 40,000 units?

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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