Waterway Industries expects direct materials cost of $8 per unit for 50,000 units (a total of $400,000 of direct materials costs). Waterway's standard direct materials cost and budgeted direct materials cost are: Sr. No. Standard a. b. $400,000 per year Budgeted $400,000 per year $400,000 per year $8 per unit C. $400,000 per year d. $8 per unit $8 per unit $8 per unit

Waterway Industries expects direct materials cost of $8 per unit for 50,000 units (a total of $400,000 of direct materials costs). Waterway's standard direct materials cost and budgeted direct materials cost are: Sr. No. Standard a. b. $400,000 per year Budgeted $400,000 per year $400,000 per year $8 per unit C. $400,000 per year d. $8 per unit $8 per unit $8 per unit

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead...

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Waterway Industries expects direct materials cost of $8 per unit for 50,000 units (a total of $400,000 of direct materials costs). Waterway's standard direct materials cost and budgeted direct materials cost are: Budgeted Sr. No. Standard ة ن ف نه a. $400,000 per year $400,000 per year b. $400,000 per year $8 per unit C. $8 per unit $400,000 per year d. $8 per unit $8 per unit
Bonita Industries expects direct materials cost of $4 per unit for 100000 units (a total of $400000 of direct materials costs). standard direct materials cost and budgeted direct materials cost is Standard $400000 per year $4 per unit $400000 per year $4 per unit Budgeted $4 per unit $4 per unit $400000 per year $400000 per year
Crane Company expects a direct materials cost of $4 per unit for 100000 units (a total of $400000 of direct materials costs). Crane's standard direct materials cost and budgeted direct materials cost is O O Standard $400000 per year $4 per unit $4 per unit $400000 per year Budgeted $400000 per year $400000 per year $4 per unit $4 per unit
You are in charge of the following cost Budgeted production in units: 10,000 Budgeted Cost: Indirect Materials Indirect Labor Utilities Depreciation Property Taxes Supervision 5 250,000 $ 260,000 $ 190,000 $ 280,000 70,000 50,000 S 1,100,000 Demand has increased 12,000 Actual Cost Indirect Materials $ 295,000 $ 312,000 5 225,000 S 280,000 70,000 50,000 5 1,232,000 Indirect Labor Utilities Depreciation Property Taxes Supervision Your manager put the following table together: Budget Actual Variance production in units: 10,000 12,000 Frfavorable U-Unfavcrable Budgeted Cost: Indirect Materials Indirect Labor $ 295,000 S 312,000 S 225,000 S 280,000 S 70,000 5 50.000 $1,232.000 $ 45,000 $ 52,000 $ 35,000 Utilities Depreciation Property Taxes Supervision 250,000 S 260,000 S 190,000 S 280,000 70,000 %24 50,000 S 1,100,000 S 132,000 Requirement: Looking at the table, he is very dissatisfied with your performance. Should he fire you today? Please explain. Show calculations where necessary.
Answer? ? Accounting question
K Base Machinery showed the following operating budget for the next year. Complete parts (a) through (d) below Each scenario is independent Sales $2,400,000 Fixed cost Total variable cost Total cost Net income $1,200,000 760,000 1,960,000 $440,000 (a) Calculate the contribution margin and contribution rate. The contribution margin is $ (Round to the nearest dollar as needed.) ma
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Current Attempt in Progress The master budget of Waterway Industries shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $790000 Machine supplies 280000 Indirect materials 230000 Depreciation on factory 160000 building Total manufacturing overhead $1460000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of O $1752000. O $1592000. O $1720000. O $1460000. SUPPO
Clark Inc plans to sell 9000 lawn chairs during May, 9700 in June, and 7000 during July. The company keeps 15% of the next month's sales as ending inventory. How many units should Clark produce during June? 10105 9295 Not enough information to determine 10750
Illumination Corporation operates one central plant that has two divisions, the Flashlight Division and the Night Light Division. The following data apply to the coming budget year Budgeted costs of operating the plant for 2,000 to 3,000 hours: Fixed operating costs per year Variable operating costs Budgeted long-run usage per year Flashlight Division Night Light Division Practical capacity $500,000 OA. $500,000 B. $625.000 OC. $600,000 D. $650,000 $500 per hour 2,000 hours 1,000 hours 4,000 hours Assume that practical capacity is used to calculate the allocation rates Actual usage for the year by the Flashlight Division was 1,500 hours and by the Night Light Division was 800 hours If a dual-rate cost-allocation method is used, what amount of operating costs will be budgeted for the Night Light Division?
Variable Fixed 140,000 107,500 Selling and administrative: Variable Fixed 60,000 Total costs 80,000 Pershing has a target profit of $150,000. $705,000 If total invested capital is $1,000,000, what is the company's target rate of return on investment? O A. 20 % O B. 25 % O C. 35 % O D. 30 % O E. 15 % Click to select your answer.
Banks Corporation has the following information for direct materials for the latest period. BANKS CORPORATION INFORMATION FOR DIRECT MATERIALS FOR THE LATEST PERIOD Standard price per unit of direct materials Actual price per unit of direct materials Budgeted units of output Standard quantity of direct materials allowed per unit of output Actual units of direct materials used Actual units of direct materials purchased Actual units of output produced SA SA 15.00 $ 16.50 45,000 3 units 40,000 50,000 14,000 The company calculates its price variance based on quantity purchased. What is the direct materials price variance? $60,000 favorable. $60,000 unfavorable.