Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units x $204 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation Office equipment Insurance Office rent Income Required 1 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. Required 2 3,264,000 Complete this question by entering your answers in the tabs below. Required 3 Compute total variable cost per unit. Total variable cost per unit 384,000 704,000 432,000 184,000 112,000 256,000 234,000 204,000 174,000 184,000 396,000 < Required 1 Required 2 >

Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget Sales (16,000 units x $204 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation Office equipment Insurance Office rent Income Required 1 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18,000 units. Required 2 3,264,000 Complete this question by entering your answers in the tabs below. Required 3 Compute total variable cost per unit. Total variable cost per unit 384,000 704,000 432,000 184,000 112,000 256,000 234,000 204,000 174,000 184,000 396,000 < Required 1 Required 2 >

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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Exerclse 8-3 (Algo) Preparing flexlble budgets LO P1 Tempo Company's fixed budget (based on sales of 16,000 units) folllows. Fixed Budget 3,312, 800 Sales (16, 689 units x $207 per unit) Costs Direct materials Direct labor Indirect materials Supervisor salary Sales commissions Shipping Administrative salaries Depreciation-OFfice equipment Insurance Office rent 384, 000 704, 000 448, 000 184, B00 112, e00 240, 000 234,000 204,000 174, 0e0 184,000 Income 444, 000 1. Compute total variable cost per unit. 2. Compute total fixed costs. 3. Prepare a flexible budget at activity levels of 14,000 units and 18.000 units. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total variable cost per unit. Total variable cost per unit 900 Required 2 >
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Stafford Company prepared a static budget for a production and sales volume of 11,200 units. Per unit Static standards Budget Number of units 11,200 Sales revenue $77.00 $862,400 Variable manufacturing costs: Materials $18.00 201,600 Labor $14.00 156,800 Overhead $ 5.40 60,480 Variable general, selling, and administrative costs Contribution margin $18.00 201,600 $241,920 Fixed costs Manufacturing overhead 112,800 General, selling, and administrative costs 57,000 Net income $ 72,120 What is the net income if 10,200 units are sold? Multiple Choice $71,995 $72,478 $64,268 $50,520
The fixed budget for 20,800 units of production shows sales of $582,400; variable costs of $62,400; and fixed costs of $144,000. QS 23-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 26,300 units, calculate the flexible budget income. Flexible Budget- Flexible Budget at s Variable Amount per Unit Total Fixed Cost 20,800 units 26.300 units Sales Variable costs 3 Contribution margin $ (3) $ 0 $ 78,900 (78,900) Fixed costs $ (78,900) income
Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs per unit produced: Direct materials $7.20 Direct labor 1.54 Variable overhead: Supplies 0.23 Maintenance 0.19 Power 0.18 Budgeted fixed overhead costs per month include supervision of $98,000, depreciation of $76,000, and other overhead of $245,000. In March, Nashler Company produced 163,200 units and had the following actual costs: Direct materials $1,170,000 Direct labor 258,000 Supplies 38,100 Maintenance 30,960 Power 29,300 Supervision 99,450 Depreciation 76,000 Other overhead 244,300 Required: Question Content Area 1. Prepare a performance report for Nashler Company comparing actual costs with the flexible budget for actual units produced. If there is no variance, enter "0" for the amount and select "NA" in the last column.
Accounting - Budgeted Manufacturing Costs
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