Homework Answers
| 46,000 hrs | 52,000 hrs | 58,000 hrs | |
|---|---|---|---|
| Sales @126 | 5,796,000 | 6,552,000 | 7,308,000 |
| Variable cost @47 | 2,162,000 | 2,444,000 | 2,726,000 |
| Contribution margin | 3,634,000 | 4,108,000 | 4,582,000 |
| Fixed cost | 1,400,000 | 1,400,000 | 1,400,000 |
| Net income | 2,234,000 | 2,708,000 | 3,182,000 |
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According to its original plan, Perez Consulting Services Company plans to charge its customers for service...
According to its original plan, Franklin Consulting Services Company plans to charge its customers for service...
According to its original plan, Franklin Consulting Services Company plans to charge its customers for service at $128 per hour in 2018 The company president expects consulting services provided to customers to reach 52,000 hours at that rate. The marketing manager, however, argues that actual results may range from 47,000 hours to 57,000 hours because of market uncertainty, Franklin's standard variable cost is $47 per hour, and its standard fixed cost is $1,450,000 Required Develop flexible budgets based on the...
According to its original plan, Fanning Consulting Services Company plans to charge its customers for service...
According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $133 per hour in 2018. The company president expects consulting services provided to customers to reach 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 40,000 hours to 54,000 hours because of market uncertainty. Fanning's standard variable cost is $42 per hour, and its standard fixed cost is $1,340,000. Required Flexible Budget 40,000 Hours Flexible Budget...
According to its original plan, Fanning Consulting Services Company plans to charge its customers for service...
According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $133 per hour in Year 2. The company president expects consulting services provided to customers to reach 51,000 hours at that rate. The marketing manager, however, argues that actual results may range from 47,000 hours to 55,000 hours because of market uncertainty. Fanning's standard variable cost is $42 per hour, and its standard fixed cost is $1,360,000. Required Develop flexible budgets based on...
according to its original plan, Campbell consulting Exercise 15-3 Using a flexible budget to accommodate market...
according to its original plan, Campbell consulting
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Campbell Consulting Services Company plans to charge its customers for service at $131 per hour in 2018. The company president expects consulting services provided to customers to reach 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 44.000 hours to 50,000 hours because of market uncertainty. Campbell's standard variable...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $134 per hour in 2018. The company president expects consulting services provided to customers to reach 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 43,000 hours to 51,000 hours because of market uncertainty. Fanning's standard variable cost is $43 per hour, and its...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Topeka Consulting Services Company plans to charge its customers for service at $120 per hour in 2018. The company president expects consulting services provided to customers to reach 45,000 hours at that rate. The marketing manager, however, argues that actual results may range from 40,000 hours to 50,000 hours because of market uncertainty. Topeka's standard variable cost is $45 per hour, and its...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $134 per hour in 2018. The company president expects consulting services provided to customers to reach 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 43,000 hours to 51,000 hours because of market uncertainty. Fanning's standard variable cost is $43 per hour, and its...
Howard Cooper, the president of Perez Computer Services, needs your help. He wonders about the potential...
Howard Cooper, the president of Perez Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal Year 3. $ Standard rate and variable costs Service rate per hour Labor cost Overhead cost Selling, general, and administrative cost Expected fixed costs Facility maintenance Selling, general, and administrative 89.00 31.00 7.00 4.20 $521,000 145,000 Required: a. Prepare...
Howard Cooper, the president of Munoz Computer Services, needs your help. He wonders about the potential effects on the firm’s net income if he changes the service rate that the firm charges its custo...
Howard Cooper, the president of Munoz Computer Services, needs your help. He wonders about the potential effects on the firm’s net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal year 2019. Standard rate and variable costs Service rate per hour $ 82.00 Labor cost 32.00 Overhead cost 6.50 Selling, general, and administrative cost 3.30 Expected fixed costs Facility maintenance $ 523,000 Selling, general, and administrative 143,000 Required: Prepare...
Howard Cooper, the president of Munoz Computer Services, needs your help. He wonders about the potential...
Howard Cooper, the president of Munoz Computer Services, needs your help. He wonders about the potential effects on the firm’s net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal year 2019. Standard rate and variable costs Service rate per hour $ 82.00 Labor cost 37.00 Overhead cost 6.40 Selling, general, and administrative cost 3.40 Expected fixed costs Facility maintenance $ 518,000 Selling, general, and administrative 141,000 Required: Prepare...
According to its original plan, Franklin Consulting Services Company plans to charge its customers for service at $128 per hour in 2018 The company president expects consulting services provided to customers to reach 52,000 hours at that rate. The marketing manager, however, argues that actual results may range from 47,000 hours to 57,000 hours because of market uncertainty, Franklin's standard variable cost is $47 per hour, and its standard fixed cost is $1,450,000 Required Develop flexible budgets based on the...
According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $133 per hour in Year 2. The company president expects consulting services provided to customers to reach 51,000 hours at that rate. The marketing manager, however, argues that actual results may range from 47,000 hours to 55,000 hours because of market uncertainty. Fanning's standard variable cost is $42 per hour, and its standard fixed cost is $1,360,000. Required Develop flexible budgets based on...
according to its original plan, Campbell consulting
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Campbell Consulting Services Company plans to charge its customers for service at $131 per hour in 2018. The company president expects consulting services provided to customers to reach 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 44.000 hours to 50,000 hours because of market uncertainty. Campbell's standard variable...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $134 per hour in 2018. The company president expects consulting services provided to customers to reach 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 43,000 hours to 51,000 hours because of market uncertainty. Fanning's standard variable cost is $43 per hour, and its...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Topeka Consulting Services Company plans to charge its customers for service at $120 per hour in 2018. The company president expects consulting services provided to customers to reach 45,000 hours at that rate. The marketing manager, however, argues that actual results may range from 40,000 hours to 50,000 hours because of market uncertainty. Topeka's standard variable cost is $45 per hour, and its...
Exercise 15-3 Using a flexible budget to accommodate market uncertainty LO 15-2 According to its original plan, Fanning Consulting Services Company plans to charge its customers for service at $134 per hour in 2018. The company president expects consulting services provided to customers to reach 47,000 hours at that rate. The marketing manager, however, argues that actual results may range from 43,000 hours to 51,000 hours because of market uncertainty. Fanning's standard variable cost is $43 per hour, and its...
Howard Cooper, the president of Perez Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal Year 3. $ Standard rate and variable costs Service rate per hour Labor cost Overhead cost Selling, general, and administrative cost Expected fixed costs Facility maintenance Selling, general, and administrative 89.00 31.00 7.00 4.20 $521,000 145,000 Required: a. Prepare...
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