Homework Answers
| Units | 45,000 | 50,000 | 70,000 | |
| Sales Revenue | $12 | $540,000 | $600,000 | $840,000 |
| Variable cost | $5.50 | $247,500 | $275,000 | $385,000 |
| contribution margin | $292,500 | $325,000 | $455,000 | |
| Fixed cost | $220,000 | $220,000 | $255,000 | |
| Operating income | $72,500 | $105,000 | $200,000 |
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ErgoNow sells its main product, ergonomic mouse pads, for $12 each. Its variable cost is $5.50...
CZ-13 (Simuar to Weston Help ErgoPlus sells its main product, ergonomic mouse pads, for 511 each....
CZ-13 (Simuar to Weston Help ErgoPlus sells its main product, ergonomic mouse pads, for 511 each. Its variable cost is $5.60 per pad. Foed costs are $215.000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly faced costs are $255,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, foued costs, and operating income for volume levels of 40,000, 50,000, and 80,000 pads ErgoPlus Flexible Budget Budget Amounts per Unit Per Unit Units...
Units: Contribution Margin Fixed Costs Operating Income Sales Revenue Variable Costs SafeNow sells its main product,...
Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
SafeNow sells its main product, ergonomic mouse pads, for $13 each. Its variable cost is $5.10 per pad. Fixed costs are $205,000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly fixed costs are $260,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, fixed costs, and operating income for volume levels of 40,000, 45,000, and 75,000 pads. SafeNow Flexible Budget Budget...
Top managers of White Industries predicted 2018 sales of 14,700 units of its product at a...
Top managers of White Industries predicted 2018 sales of 14,700 units of its product at a unit price of $6.00. Actual sales for the year were 14,200 units at $11.50 each. Variable costs were budgeted at $2.80 per unit, and achual variable costs were $2.90 per unit Actual fixed costs of $50,000 exceeded budgeted foxed costs by $4,500 Prepare White's Bexible budget performance report. What variance contributed most to the year's tavorable results? What caused this variance? Prepare a flexible...
Antuan Company set the following standard costs for one unit of its product. Direct materials (6...
Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. $5 per Ib.) Direct labor (2 hrs. e $17 per hr.) Overhead (2 hrs. $18.50 per hr.) 30 34 37 Total standard cost $101 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity...
Krazy Kayaks sells its entry-level kayaks for $750 each its variable cost is $500 per kayak...
Krazy Kayaks sells its entry-level kayaks for $750 each its variable cost is $500 per kayak Fixed costs are $25 000 per month for volumes up to 1100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60.000. What is budgeted operating income at a level of 2.500 kayak per month OA $500.000 OB. $1815.000 OC 5565.000 OD 125.000
Vaughan Company sells a product that has a selling price of $15 por unit its variable...
Vaughan Company sells a product that has a selling price of $15 por unit its variable cost per unit is $11. Total fixed costs are $30,000 per year. If Vaughan sells 20,000 units this year, her total contribution margin shown on her income statement will be O A $50,000 O B. $220,000 OC. $80,000 OD. none of the above
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0...
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $4.00 per Ib.) $ 16.00 Direct labor (1.7 hrs. @ $10.00 per hr.) 17.00 Overhead (1.7 hrs. @ $18.50 per hr.) 31.45 Total standard cost $ 64.45 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory’s capacity of 20,000 units per month. Following are the company’s budgeted overhead costs per month...
The following information applies to the questions displayed below Kwikeze Company set the following standard costs for one unit of its product. $27.00 18.00 24.00 Direct materials (4.5 lbs.@ $6 per...
The following information applies to the questions displayed below Kwikeze Company set the following standard costs for one unit of its product. $27.00 18.00 24.00 Direct materials (4.5 lbs.@ $6 per lb.) Direct labor (1.5 hrs. @ $12 per hr) Overhead (1.5 hrs.@ $16 per hr.) Total standard cost $69.00 The predetermined overhead rate ($16 per direct labor hour) is based on an expected volume of 75% of the any's budgeted over month at the 75% level. Overhead Budget (75%...
Rundle Manufacturing Company set its standard variable manufacturing cost at $25 per unit of product. The...
Rundle Manufacturing Company set its standard variable manufacturing cost at $25 per unit of product. The company planned to make and sell 3,800 units of product during Year 3. More specifically, the master budget called for total variable manufacturing cost to be $95,000. Actual production during Year 3 was 4,000 units, and actual variable manufacturing costs amounted to $100,900. The production supervisor was asked to explain the variance between budgeted and actual cost ($100,900 – $95,000 = $5,900). The supervisor...
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (4.0 Ibs. @ $6.00 per Ib.)
$
24.00
Direct labor (1.9 hrs. @ $13.00 per hr.)
24.70
Overhead (1.9 hrs. @ $18.50 per hr.)
35.15
Total standard cost
$
83.85
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
CZ-13 (Simuar to Weston Help ErgoPlus sells its main product, ergonomic mouse pads, for 511 each. Its variable cost is $5.60 per pad. Foed costs are $215.000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly faced costs are $255,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, foued costs, and operating income for volume levels of 40,000, 50,000, and 80,000 pads ErgoPlus Flexible Budget Budget Amounts per Unit Per Unit Units...
Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
SafeNow sells its main product, ergonomic mouse pads, for $13 each. Its variable cost is $5.10 per pad. Fixed costs are $205,000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly fixed costs are $260,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, fixed costs, and operating income for volume levels of 40,000, 45,000, and 75,000 pads. SafeNow Flexible Budget Budget...
Top managers of White Industries predicted 2018 sales of 14,700 units of its product at a unit price of $6.00. Actual sales for the year were 14,200 units at $11.50 each. Variable costs were budgeted at $2.80 per unit, and achual variable costs were $2.90 per unit Actual fixed costs of $50,000 exceeded budgeted foxed costs by $4,500 Prepare White's Bexible budget performance report. What variance contributed most to the year's tavorable results? What caused this variance? Prepare a flexible...
Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. $5 per Ib.) Direct labor (2 hrs. e $17 per hr.) Overhead (2 hrs. $18.50 per hr.) 30 34 37 Total standard cost $101 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity...
Krazy Kayaks sells its entry-level kayaks for $750 each its variable cost is $500 per kayak Fixed costs are $25 000 per month for volumes up to 1100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60.000. What is budgeted operating income at a level of 2.500 kayak per month OA $500.000 OB. $1815.000 OC 5565.000 OD 125.000
Vaughan Company sells a product that has a selling price of $15 por unit its variable cost per unit is $11. Total fixed costs are $30,000 per year. If Vaughan sells 20,000 units this year, her total contribution margin shown on her income statement will be O A $50,000 O B. $220,000 OC. $80,000 OD. none of the above
The following information applies to the questions displayed below Kwikeze Company set the following standard costs for one unit of its product. $27.00 18.00 24.00 Direct materials (4.5 lbs.@ $6 per lb.) Direct labor (1.5 hrs. @ $12 per hr) Overhead (1.5 hrs.@ $16 per hr.) Total standard cost $69.00 The predetermined overhead rate ($16 per direct labor hour) is based on an expected volume of 75% of the any's budgeted over month at the 75% level. Overhead Budget (75%...
Rundle Manufacturing Company set its standard variable manufacturing cost at $25 per unit of product. The company planned to make and sell 3,800 units of product during Year 3. More specifically, the master budget called for total variable manufacturing cost to be $95,000. Actual production during Year 3 was 4,000 units, and actual variable manufacturing costs amounted to $100,900. The production supervisor was asked to explain the variance between budgeted and actual cost ($100,900 – $95,000 = $5,900). The supervisor...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (4.0 Ibs. @ $6.00 per Ib.)
$
24.00
Direct labor (1.9 hrs. @ $13.00 per hr.)
24.70
Overhead (1.9 hrs. @ $18.50 per hr.)
35.15
Total standard cost
$
83.85
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
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