Ina Machine Company's flexible budget is given below NA MACHINE COMPANY Flexible Budger Cost- Volume Conversion...
Check Exercise 23-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following points Fixed Budget $2,592,000 eBook $ 276,000 564,000 312,000 76.000 1.163.000 1.424,000 Sales (12,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales comissions Packaging Advertising Administrative expenses Administrative salaries Depreciation office equip. Insurance Office rent Income from operations 96.000 168,000...
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget $2,130,000 $240,000 430,000 270,000 40,000 980,000 1,150,000 Sales (10,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation office equip. Insurance Office rent Income from operations 90,000 150,000 100,000 340,000 90,000 60,000 30,000 40,000 220,000 $ 590,000 Complete the...
Tempo Company's fixed budget (based on sales of 16.000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $3,248,000 Sales (16,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent $368,000 672,000 416,000 168,000 1,624,000 1,624,000 128,000 256,000 100,000 484,000 218,000 188,000 158,000 168,000 732,000 Income from operations 408,000 Compiete the following flexible...
Exercise 21-2 Preparing flexible budgets LO P1 Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $ 2,960,800 $240,000 430, eee 270,000 40, eee 980, eee 1,880,898 Sales (10,800 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 90,000 150. eee...
Flexible Budget for Varying Levels of Activity
Nashler Company has the following budgeted variable costs per
unit produced:
Direct materials
$7.10
Direct labor
1.54
Variable overhead:
Supplies
0.23
Maintenance
0.19
Power
0.17
Budgeted fixed overhead costs per month include supervision of
$98,000, depreciation of $77,000, and other overhead of
$248,000.
Required:
1. Prepare a flexible budget for all costs of
production for the following levels of production: 160,000 units,
170,000 units, and 175,000 units. Round your answers to the nearest...
Tempo Company's fixed budget (based on sales of 7,000 units) for
the first quarter of calendar year 2015 reveals the following.
Prepare flexible budgets following the format of Exhibit 23.3
that show variable costs per unit, fixed costs, and three different
flexible budgets for sales volumes of 6,000, 7,000, and 8,000
units.
Fixed Budget $2,800,000 $280,000 490,000 175,000 65,000 1,010,000 1.790,000 Sales (7,000 units) Cost of goods sold Direct materials Direct labor.......... Production supplies .......... Plant manager salary .......... Gross...
Tempo Company's fixed budget (based on sales of 10,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (10,000 units) Cost of goods sold $2,050,000 Direct materials Direct labor Production supplies Plant manager salar $240,000 420,000 270,000 970,000 1,080,000 Gross profit Selling expenses Sales comm1551ons Packaging Advertising 80,000 160,000 100,000 340,000 Administrative expenses Administrative salaries Depreciation-office equip Insurance Office rent 90,000 60,000 30,000 40,000 220,000 $ 520,000 Income from operations Complete the following flexible...
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget $2,532,000 $288,000 528,000 336,000 88,000 1,240,000 1,292,000 Sales (12,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent Income from operations 84,000 168,000 100,000 352,000 138,000 108,000 78,000 88,000 412,000 $ 528,000 Complete the following...
Standard Cost and Flexible Budget. Brier Company produces car covers. The company's master budget shows the following standards information. Expected production for September 5,000 units 29. Direct materials 8 yards per unit at $5 per yard Direct labor 3 hours per unit at $16 per hour Variable manufacturing overhead Required: a. Caleulate the standard cost per unit for direct materials, direct labor, and variable manufacturing overhead using the format shown in Figure 10.1. 3 direct labor hours per unit at...
tempo company’s fixed budget based of 12000 units
Tempo Company's fixed budget (based on sales of 12,000 units) for the first quarter of calendar year 2017 reveals the following! Fixed Budget $2.460.000 $275,000 516,000 324,000 76,000 1, 192,000 1.268,000 Sales (12,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary Gross profit Selling expenses Sales commissions Packaging Advertising Administrative expenses Administrative salaries Depreciation office equip. Insurance office rent Income from operations 84,000 180,000 100,000 354.000...