Homework Answers
| Answer-1 | ||
| Production budget for the month March | ||
| Particulars | Units | |
| Budgeted Sales | 400 | |
| Add: Ending Inventory | 96 | |
| Less: Opening Inventory | 240 | |
| Total Production | 256 | |
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2. Muddy Waters Industries has projected sales in units of its product for the next quarter...
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Month
Sales in Units
April
3,440
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3,805
June
4,600
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4,185
August
3,970
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months:
Month
Sales in Units
April
3,440
May
3,805
June
4,600
July
4,185
August
3,970
Croy’s finished goods inventory policy is to have 60 percent of the
next month’s sales on hand at the end of each month. Direct
material costs $3.00 per pound, and each unit requires 2 pounds.
Raw materials inventory policy is to have 50 percent of the next
month’s production needs on hand at the...
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...
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