Using the provided budgeted information for production of 10,000 and 15,000 units, prepare a flexible budget for 17,000 units. Production Expense A Expense B Expense C Expense A Expense B Expense C Total expenses Expenses Production and expense data 10,000 units $15,000 21,000 43,000 Flexible budget for 17,000 units 15,000 units 17,000 units $22,500 21,000 43,000

Using the provided budgeted information for production of 10,000 and 15,000 units, prepare a flexible budget for 17,000 units. Production Expense A Expense B Expense C Expense A Expense B Expense C Total expenses Expenses Production and expense data 10,000 units $15,000 21,000 43,000 Flexible budget for 17,000 units 15,000 units 17,000 units $22,500 21,000 43,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales. Flexible Budget 100,000 80,000 90,000 Sales $3,570,000 $ Cost of Goods Sold Direct Material $900,000 $ $ Direct Labor 1,100,000 Variable Manufacturing Overhead 240,000 Fixed Manufacturing Overhead 70,000 Cost of Goods Sold $2,310,000 $ $4 Gross Profit $1,260,000 $4 Variable Sales and Administrative Expenses 100,000 Fixed Sales and Administrative Expenses 940,000 Income Before Taxes $220,000 Taxes 66,000 Net Income/Lss $154,000 $
ABC company prepared a master budget based on 100 budgeted sales units with a $100 sales price per unit, a variable cost per unit of $50, and $2,000 in total fixed cost. The actual sales quantity was 120 units, the actual sales price per unit was $90, and the actual total fixed cost was $2,500. When preparing a flexible budget, the operating income is: $3,500$4,000$2,800 $3,000
please answer do not image format
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. Required: Prepare a flexible budget for Western.
Flexible Budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $64,800 and property tax of $36,000 for 3,600 hours of production. The department actually completed 4,300 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 120,400 X Feedback Check My Wirk Remember that a flexible budget is constructed by first identifying the relevant activity levels, secondly identifying the fixed and variable cost components of the costs being budgeted, and then preparing the budget for each activity level.
The master budget at Monroe Manufacturing last period called for sales of 42,800 units at $50 each. The costs were estimated to be $34 variable per unit and $532,000 fixed. During the period, actual production and actual sales were 45,800 units. The selling price was $49 per unit. Variable costs were $36 per unit. Actual fixed costs were $523,000. Required: Prepare a flexible budget for Monroe Manufacturing. Monroe Manufacturing Flexible Budget $ $ 0 0
Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ Estimated beginning inventory 29,100 units 19,100 units Desired ending inventory 36,900 units 14,000 units Region I, anticipated sales 306,000 units 279,000 units Region II, anticipated sales 187,000 units 146,000 units The unit selling price for product XXX is $5 and for product ZZZ is $14.Budgeted sales for the month is a.$4,590,000 b.$8,415,000 c.$9,027,000 d.$12,852,000
Using the following budgeted information for production of 10,000 and 15,000 units, prepare a flexible budget for 19,000 units. Production 10,000 units 15,000 units Expense A $10,000 $15,000 Expense B 23,000 23,000 Expense C 44,000 44,000 Total expenses $
Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ Estimated beginning inventory 30,600 units 19,700 units Desired ending inventory 35,200 units 14,300 units Region I, anticipated sales 339,000 units 277,000 units Region II, anticipated sales 184,000 units 142,000 units The unit selling price for product XXX is $4 and for product ZZZ is $14. Budgeted production for product XXX during the month is a.558,200 units b.523,000 units c.518,400 units d.527,600 units
The costs below relate to the month of June. Fixed budget Flexed budget Actual 2,200 units 2,000 units 2,000 units Total direct materials $165,000 $150,000 $140,000 What was the total direct material variance? A $10,000 Adverse B $10,000 Favourable C $25,000 Adverse D $25,000 Favourable
Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ Estimated beginning inventory 31,700 units 19,300 units Desired ending inventory 35,200 units 14,600 units Region I, anticipated sales 332,000 units 251,000 units Region II, anticipated sales 194,000 units 140,000 units The unit selling price for product XXX is $5 and for product ZZZ is $13. Budgeted production for product XXX during the month is a.529,500 units b.522,500 units c.526,000 units d.561,200 units
The following budgeted production and sales information is for Flushing Company for the month of December: Product XXX Product ZZZ Estimated beginning inventory 28,200 units 19,800 units Desired ending inventory 35,000 units 15,300 units Region I, anticipated sales 302,000 units 253,000 units Region II, anticipated sales 196,000 units 141,000 units The unit selling price for product XXX is $7 and for product ZZZ is $15. Budgeted production for product XXX during the month is a. 504,800 units b. 498,000 units c. 533,000 units Od. 491,200 units