Waterway Industries budgeted manufacturing costs for 50000 tons of steel are as follows: Fixed manufacturing costs $55000 per month Variable manufacturing costs $14.00 per ton of steel Waterway produced 40000 tons of steel during March. What is the flexible budget for total manufacturing costs for March? O $605000 O $615000 O $560000 O $755000

Waterway Industries budgeted manufacturing costs for 50000 tons of steel are as follows: Fixed manufacturing costs $55000 per month Variable manufacturing costs $14.00 per ton of steel Waterway produced 40000 tons of steel during March. What is the flexible budget for total manufacturing costs for March? O $605000 O $615000 O $560000 O $755000

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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Current Attempt in Progress Sheridan Construction Company determines that 58000 pounds of direct materials are needed for production in July. There are 4200 pounds of direct materials on hand at July 1 and the desired ending inventory is 3000 pounds. If the cost per unit of direct materials is $5, what is the budgeted total cost of direct materials purchases for the month? ○ $296000. ○ $156000. O $284000. ○ $192000. Save for Later Attempts: 0 of 1 used Submit Answer
Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 800 1,300 1,500 Sales price $100 $100 $100 Budgeted sales $80,000 $130,000 $150,000 It also has this additional information related to its expenses: Direct material per unit $1.50 Direct labor per unit 2 Variable manufacturing overhead per hour 0.50 Fixed manufacturing overhead per month 2,900 Sales commissions per unit 15 Sales salaries per month 5,100 Delivery expense per unit 0.40 Factory utilities per month 5,000 Administrative salaries per month 21,000 Marketing expenses per month 8,000 Insurance expense per month 11,000 Depreciation expense per month 10,000 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers. Echo AmplifiersSales and Administrative BudgetFor the Quarter Ending March 31, 2018 January February March Budgeted Sales in Units…
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