Wilson Corporation has budgeted sales and production over the next quarter as follows:July40,00041,200August52,000Sales in UnitsSeptemberOctoberProduction in Units71,50052,30056,650The 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.55,00056,650y0,0052p00715В.С.52,00061,750E. None of the aboveD.10007150s2000You 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 bettercontrol of our manufacturing overhead costs." You find that the company has never used a flexible budget, andsuggest that preparing such a budget would be an excellent first step in overhead planning and control.youAfter much effort and analysis, you determined the following cost formulas and gathered the following actual cost datafor March:Cost FormulaActualFixedVariable cost/MH2$20,820$ 206,8002$2$$16,600$132,900Utilities0.15Maintenance2$3.60240.408,600SuppliesDepreciation$67,8002$69,500$ 305,720During 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 FB.2$1,270 U305,720С.2$200 UD.$1,070 FE. None of the above

Lets understand the basics. Budget is prepared by the management to estimate the profit and loss of…

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

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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