Vaughn Manufacturing uses flexible budgets. At normal capacity of 22000 units, budgeted manufacturing overhead is: $45100 for variable costs and $270000 for fixed costs. If Vaughn Manufacturing had actual overhead costs of $318800 for 25000 units produced, what is the difference between actual and budgeted costs? (do not round intermediate calculation.) O $2450 favorable O$7350 unfavorable O$9800 favorable O$2450 unfavorable

Vaughn Manufacturing uses flexible budgets. At normal capacity of 22000 units, budgeted manufacturing overhead is: $45100 for variable costs and $270000 for fixed costs. If Vaughn Manufacturing had actual overhead costs of $318800 for 25000 units produced, what is the difference between actual and budgeted costs? (do not round intermediate calculation.) O $2450 favorable O$7350 unfavorable O$9800 favorable O$2450 unfavorable

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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or the current year, Power Cords Corp. expected to sell 42,300 industrial power cords. Fixed costs were expected to total $1,651,500; unit sales price was expected to be $3,900; and unit variable costs were budgeted at $2,400.Power Cords Corp.'s margin of safety (MOS) in units is: Multiple Choice 49,099. 39,299. 41,199. 36,399. 32,799.
Revenue (8,100 units) $16,200 Variable costs 4,050 Contribution margin $12,150 Fixed costs 4,050 Net income $ 8,100 If actual production totals 8,500 units, the flexible budget would show total costs of: Multiple Choice $8,300. None of these answers are correct. $8,400. $16,600.
The following static budget is provided: Per unit $70 Total $1,050,000 Sales Less variable costs: Manufacturing costs 30 450,000 Selling and administrative 20 300,000 costs $20 $300,000 Contribution margin Less fixed costs: 76,000 Manufacturing costs Selling and administrative 136,000 costs Total fixed costs 212,000 $ 88,000 Net income What will be the overall volume variance if 18,000 units are produced and sold? Multiple Choice $148,000 F $0 F $360,000 U $60,000 F
Cullumber Corporation is in the process of setting a selling price for a recently designed product. The following data relate to this product at a budgeted volume of 60,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses (a1) Your answer is correct. Total unit variable cost $ Total unit fixed cost Total unit cost eTextbook and Media (a2) Cullumber uses cost-plus pricing to set its target selling price and has a markup on total unit cost of 30%. Per Unit $ Desired ROI per unit $ $30 Compute total unit variable cost, total unit fixed cost, and total unit cost for the new product. $ 40 10 6 86 Total 69 $2,220,000 155 1,920,000 Compute desired ROI per unit for the new product. (Round answer to 2 decimal places, e.g. 5.27.) Attempts: 1 of 5 used
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Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $16 each and had used a budgeted selling price of $17 per unit. Actual 290,000 units 273,000 units $960,000 $61,000 Budgeted Units sold Vanable costs $889,000 $45,000 Fixed costs What is the static-budget variance of variable costs? O $61,000 favorable O $61,000 unfavorable O $77,000 favorable O $77,000 unfavorable