Homework Answers
Correct answer-----------$94,000
Working
| Total variable cost (6000 x 9) | $ 54,000 |
| Total fixed cost | $ 40,000 |
| Total Budgeted cost | $ 94,000 |
.
| Variable costing Unit Product cost | |
| Direct material | $ 4 |
| Direct labor | $ 2 |
| Variable Manufacturing overhead | $ 3 |
| Variable costing unit product cost | $ 9 |
Fixed cost do not change in totality with change in production. Fixed cost remain same at all level.
Add Answer to:
QUESTION 13 On a piece of scrap paper prepare a flexible budget for 5,000, 6,000, and...
QUESTION 6 On a piece of scrap paper prepare a flexible budget for 5,000, 6,000, and...
QUESTION 6 On a piece of scrap paper prepare a flexible budget for 5,000, 6,000, and 7,000 units of output. Use the following data: Variable costs: direct labor $4.00, direct materials $2.00, and overhead $3.00 Budgeted fixed overhead: $40,000. Total budgeted cost for 5,000 units is $103,000 some other number $85,000 $94,000 QUESTION 7
QUESTION 30 ABC sells its shirts for $50 a piece. If fixed costs are $300,000 and...
QUESTION 30 ABC sells its shirts for $50 a piece. If fixed costs are $300,000 and variable costs are $30 per unit, what is break-even in sales dollars? $187500 $50,000 $3,000,000 $750,000 QUESTION 31 On a piece of scrap paper prepare a flexible budget for 5,000, 6,000, and 7,000 units of output. Use the following data: Variable costs: direct labor $4.00, direct materials $2.00, and overhead $3.00 Budgeted fixed overhead: $40,000. Total budgeted cost for 7,000 units is $94,000 some...
Prepare a static budget analysis of production cost. Prepare a flexible budget analysis of production. budget...
Prepare a static budget analysis of production cost. Prepare a flexible budget analysis of production. budget 20,000 actual. 18,000 volume. budgeted manufacturing cost variable cost per unit direct materials 17.00 direct labor 7.00 overhead 2.00 Total fixed overhead cost 220,000 Actual manufacturing cost 310,000 direct materials. 310,000 direct labor. 135,000 variable overhead 36,000 fixed overhead. 210,000
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product duri...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $7 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 8 9 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 520,000 units of...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 520,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: $ 9 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Prepare a flexible manufacturing budget using 20,000 unit increments. -nces 80,000 Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units 20,000 40,000 Variable...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 540,000 units of...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 540,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $14 Direct labor 15 Variable manufacturing overhead Fixed manufacturing overhead 16 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
OIive Company makes slver belt buckles. The company's master budget appears In the first column of...
OIive Company makes slver belt buckles. The company's master budget appears In the first column of the table Required: Complete the table by preparing Olve's flexible budget for 4,000, 6,000, and 7,000 units. (Round your Intermediate calculetions to 2 decimal places.) Master Budget Flexible Budget (5,000 Units) Flexible Budget (6,000 Units) Flexible Budget (7,000 Units) (4,000 Units) Direct materials 1,000 Direct labor 2,500 Variable manufacturing overhead 1,500 Fixed manufacturing overhead 17,900 Total manufacturing cost 22,900
A) Prepare a flexible budget performance report, assuming that the company worked 11,000 direct labor hours...
A) Prepare a flexible budget performance report, assuming that
the company worked 11,000 direct labor hours during the month.
(List variable costs before fixed
costs.)
B) Prepare a flexible budget performance report, assuming that
the company worked 10,300 direct labor hours during the month.
(List variable costs before fixed
costs.
Sunland Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.00 Indirect materials...
M9-5 (Static) Preparing a Flexible Budget (LO 9-2] Evanson Company expects to produce 500,000 units of...
M9-5 (Static) Preparing a Flexible Budget (LO 9-2] Evanson Company expects to produce 500,000 units of their product during the year. Monthly production is expected to range fro 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Prepare a flexible manufacturing budget using 20,000 unit increments Prepare a flexible manufacturing budget using 20,000 unit increments. ® Answer is complete but not entirely correct....
a) Prepare actual, static and flexible budget income statements for December. b) What is the flexible...
a) Prepare actual, static and flexible budget income statements
for December.
b) What is the flexible budget variance and volume variance for
total COGM and indicate if it is favorable or unfavorable?
c) To further investigate the flexible budget variance, Merry
Inc. found that the budgeted direct labor rate was $54 per hour and
expected production rate was 10 trees per hour. Actual direct labor
rate was $70 per hour and actual production rate was 12 trees per
hour. Compute...
QUESTION 6 On a piece of scrap paper prepare a flexible budget for 5,000, 6,000, and 7,000 units of output. Use the following data: Variable costs: direct labor $4.00, direct materials $2.00, and overhead $3.00 Budgeted fixed overhead: $40,000. Total budgeted cost for 5,000 units is $103,000 some other number $85,000 $94,000 QUESTION 7
QUESTION 30 ABC sells its shirts for $50 a piece. If fixed costs are $300,000 and variable costs are $30 per unit, what is break-even in sales dollars? $187500 $50,000 $3,000,000 $750,000 QUESTION 31 On a piece of scrap paper prepare a flexible budget for 5,000, 6,000, and 7,000 units of output. Use the following data: Variable costs: direct labor $4.00, direct materials $2.00, and overhead $3.00 Budgeted fixed overhead: $40,000. Total budgeted cost for 7,000 units is $94,000 some...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $7 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 8 9 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 520,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: $ 9 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Prepare a flexible manufacturing budget using 20,000 unit increments. -nces 80,000 Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units 20,000 40,000 Variable...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 540,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $14 Direct labor 15 Variable manufacturing overhead Fixed manufacturing overhead 16 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
OIive Company makes slver belt buckles. The company's master budget appears In the first column of the table Required: Complete the table by preparing Olve's flexible budget for 4,000, 6,000, and 7,000 units. (Round your Intermediate calculetions to 2 decimal places.) Master Budget Flexible Budget (5,000 Units) Flexible Budget (6,000 Units) Flexible Budget (7,000 Units) (4,000 Units) Direct materials 1,000 Direct labor 2,500 Variable manufacturing overhead 1,500 Fixed manufacturing overhead 17,900 Total manufacturing cost 22,900
A) Prepare a flexible budget performance report, assuming that
the company worked 11,000 direct labor hours during the month.
(List variable costs before fixed
costs.)
B) Prepare a flexible budget performance report, assuming that
the company worked 10,300 direct labor hours during the month.
(List variable costs before fixed
costs.
Sunland Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.00 Indirect materials...
M9-5 (Static) Preparing a Flexible Budget (LO 9-2] Evanson Company expects to produce 500,000 units of their product during the year. Monthly production is expected to range fro 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Prepare a flexible manufacturing budget using 20,000 unit increments Prepare a flexible manufacturing budget using 20,000 unit increments. ® Answer is complete but not entirely correct....
a) Prepare actual, static and flexible budget income statements
for December.
b) What is the flexible budget variance and volume variance for
total COGM and indicate if it is favorable or unfavorable?
c) To further investigate the flexible budget variance, Merry
Inc. found that the budgeted direct labor rate was $54 per hour and
expected production rate was 10 trees per hour. Actual direct labor
rate was $70 per hour and actual production rate was 12 trees per
hour. Compute...
Most questions answered within 3 hours.
-
Write in c++ please
Read and write 5 students information such as, Student
ID, first name,...
asked 8 minutes ago -
T F 3. The existence of financial markets is required to have
interest rates in a...
asked 7 minutes ago -
In a recent survey of homes in a major Midwestern city, 10% of
the homes have...
asked 33 seconds ago -
Compare/Contrast the Lac and Ara operons.
asked 9 minutes ago -
information was collected by an extensive marketing project that
lasted over the past 12 years and...
asked 8 minutes ago -
Part A
What is the maximum speed with which a 1200-kg car can round a
turn...
asked 10 minutes ago -
A. Compare the characteristics of job costing and
process costing. Consider how each method impacts the...
asked 9 minutes ago -
4. An elderly person's range of vision is between 70 cm and 300
cm from the...
asked 12 minutes ago -
Suppose that 1 kg of water, initially at 350 K, is turned into
steam at 373...
asked 19 minutes ago -
Equilibrium in the Keynesian model requires that withdrawals be
the same as:
asked 20 minutes ago -
What is the difference between apoptosis and necrosis?
(b) What is the role of apoptosis in...
asked 29 minutes ago -
A galaxy is a large grouping of stars. Approximately how many
stars are in the Milky...
asked 1 hour ago