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Wilson Corporation has budgeted sales and production over the next quarter as follows: July 40,000 41,200 August 52,000 52,300 September October Sales in Units 71,500 Production in Units 56,650 The company has 4,000 units of the product on hand on July1. Ending finished goods inventory as a percent of next months sales: 10% 19 Budgeted sales for September in units would be: A. 55,000 56,650 40, В. С. 52,000 61,750 E. None of the above D. s2000

Wilson Corporation has budgeted sales and production over the next quarter as follows: July 40,000 41,200 August 52,000 52,300 September October Sales in Units 71,500 Production in Units 56,650 The company has 4,000 units of the product on hand on July1. Ending finished goods inventory as a percent of next months sales: 10% 19 Budgeted sales for September in units would be: A. 55,000 56,650 40, В. С. 52,000 61,750 E. None of the above D. s2000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 50E: Use the following information for Exercises 9-50 and 9-51: Assume that Stillwater Designs produces...
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Wilson Corporation has budgeted sales and production over the next quarter as follows: July 40,000 41,200 August 52,000 Sales in Units September October Production in Units 71,500 52,300 56,650 The company has 4,000 units of the product on hand on July1. Ending finished goods inventory as a percent of next months sales: 10% 19 Budgeted sales for September in units would be: А. 55,000 56,650 y0,00 52p00 715 В. С. 52,000 61,750 E. None of the above D. 1000 7150 s2000 You have just been hired by Carter Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and suggest that preparing such a budget would be an excellent first step in overhead planning and control. you After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Cost Formula Actual Fixed Variable cost/MH 2$ 20,820 $ 206,800 2$ 2$ $16,600 $132,900 Utilities 0.15 Maintenance 2$ 3.60 24 0.40 8,600 Supplies Depreciation $67,800 2$ 69,500 $ 305,720 During March, the company produced 10,500 units. The company had originally planned to work 22,000 machine- hours during March to produce 11,000 units. 20 Calculate the total spending variances for March. А. 2$ 1,700 F B. 2$ 1,270 U 305,720 С. 2$ 200 U D. $ 1,070 F E. None of the above
Transcribed Image Text:Wilson Corporation has budgeted sales and production over the next quarter as follows: July 40,000 41,200 August 52,000 Sales in Units September October Production in Units 71,500 52,300 56,650 The company has 4,000 units of the product on hand on July1. Ending finished goods inventory as a percent of next months sales: 10% 19 Budgeted sales for September in units would be: А. 55,000 56,650 y0,00 52p00 715 В. С. 52,000 61,750 E. None of the above D. 1000 7150 s2000 You have just been hired by Carter Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and suggest that preparing such a budget would be an excellent first step in overhead planning and control. you After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March: Cost Formula Actual Fixed Variable cost/MH 2$ 20,820 $ 206,800 2$ 2$ $16,600 $132,900 Utilities 0.15 Maintenance 2$ 3.60 24 0.40 8,600 Supplies Depreciation $67,800 2$ 69,500 $ 305,720 During March, the company produced 10,500 units. The company had originally planned to work 22,000 machine- hours during March to produce 11,000 units. 20 Calculate the total spending variances for March. А. 2$ 1,700 F B. 2$ 1,270 U 305,720 С. 2$ 200 U D. $ 1,070 F E. None of the above
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