W-The following budgeted production and sales information is for Flushing Company for the month of December:Estimated beginning inventoryDesired ending inventoryRegion I, anticipated salesRegion II, anticipated salesProduct XXX Product ZZZ28,000 units17,200 units35,600 units15,300 units338,000 units 264,000 units185,000 units 142,000 unitsThe unit selling price for product XXX is $6 and for product ZZZ is $14.Budgeted production for product XXX during the month isa. 530,600 unitsOb. 523,000 unitsc. 515,400 unitsOd. 558,600 units

Step 1: Step 2: Step 3: Step 4:

Answered: W- The following budgeted production…

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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How do I prepare the selling and administrative expense budget for the quarter ended March 31, 20X1?
Production and sales estimates for March for Robin Co. are as follows: Estimated inventory ( units), March 117,100 Desired inventory (units), March 31 19,700 Expected sales volume ( units): Area M 6,500 Area L 9,300 Area O 7, 100 Unit sales price $17 Budgeted production for March is a. 42, 600 b. 22,900 c. 59,700 d. 25,500
The following information is available for Brownstone Products Company for the month of July: Master Actual Budget 4, eee $ 60,000 16, e00 Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 3,8ee $ 53,600 19,400 14,300 8,100 9,see 13, 30e 8, e00 9,400 Required: 1. What was the master budget varidnce for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budiget for each of the following two output levels: a. 3,790 units. b. 4,190 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 .. Next
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A9
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Asv1
Production Budget
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