1. Hillman Products produces and sells limited edition decorative mugs. The company's controller has the following...
1. Hillman Products produces and sells limited edition decorative mugs. The company's controller has the following information available from the static budget of one of the product lines for the month of April: Estimated production 5,000 units Direct material per unit 12 ounces Direct material cost per unit $.20 per ounce Actual production during April was 5,400 units. Required: Prepare a flexible budget for the month of April based on actual production.
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1. Hillman Products produces and sells limited edition
decorative mugs. The company's controller has the following...
Colorado Springs Ltd. produces and sells bottled water. The company’s controller has the following information available...
Colorado Springs Ltd. produces and sells bottled water. The company’s controller has the following information available from the static budget of one of the product lines for the month of April: Estimated production 20 000 units Direct material per unit 2 ounces Direct material cost per unit $.15 per ounce Actual production during April was 18 000 units and actual direct materials cost was $6300. If the company prepares a exible budget for April, direct materials cost is estimated to...
McCourt Inc. manufacturers a unique product. The company’s controller has prepared the following static budget for...
McCourt Inc. manufacturers a unique product. The company’s controller has prepared the following static budget for the month of February: Estimated production 300 units Direct labour per unit 1 hour Direct labour required for estimated production 300 hours Average direct labour rate per hour $10 Estimated direct labour cost $3000 Actual production during February was 275 units and actual direct labour cost was $2900. If McCourt prepares a flexible budget for February, direct labour cost is estimated to be: $3165 $2900 $3000 $2750
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1 year 1, a...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1 year 1, and its costs incurred during the year include these: Variable costs (based on mugs produced) Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing Fooed costs: Administration and marketing costs Indirect manufacturing costs $ 3.600 31,500 1.140 2,010 11,700 4.200 On December 31. year 1, direct materials inventory consisted of 3.000 pounds of material Production in that...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs incurred during the year include the following. Variable costs (based on mugs produced): Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing Fixed costs: Administration and marketing costs Indirect manufacturing costs $ 6,000 31,670 1,070 2,060 11,600 4,260 On December 31, year 1, direct materials inventory consisted of 6,000 pounds of material. Production in...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs incurred during the year include these Variable costs (based on mugs produced): Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing s 3,000 12,810 1,000 2,360 Fixed costs Administration and marketing costs Indirect manufacturing costs 11,300 4,190 On December 31. year 1, direct materials inventory consisted of 3,000 pounds of material. Production in that...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs incurred during the year include the following. Variable costs (based on mugs produced): Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing Fixed costs: Administration and marketing costs Indirect manufacturing costs $ 4,200 35,750 1,080 2,110 12,200 4,120 On December 31, year 1, direct materials inventory consisted of 4,200 pounds of material. Production in...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs incurred during the year include these: Variable costs (based on mugs produced): Direct materials cost $ 2,100 Direct manufacturing labor costs 22,770 Indirect manufacturing costs 1,070 Administration and marketing 2,020 Fixed costs: Administration and marketing costs 12,000 Indirect manufacturing costs 4,160 On December 31, year 1, direct materials inventory consisted of 2,100 pounds of material. Production in...
Squeaky Clean produces commercial strength cleansing supplies. Two of its main products are window cleanser that...
Squeaky Clean produces commercial strength cleansing supplies. Two of its main products are window cleanser that uses ammonia, and floor cleanser that uses bleach. Information for the most recent period follows: Product Names Window Cleaner(ammonia) Floor Cleaner(bleach) Direct materials information Standard ounces per unit 16 oz. 24 oz. Standard price (SP) per ounce $ 0.25 ? Actual quantity (AQ) used per unit 20 oz. 22 oz. Actual price (AP) paid for material $ 1.75 $ 0.72 Actual quantity purchased (AQP)...
McKnight manufactures coffee mugs that it sells to other companies for customizing with theirown logos McKnight prepare...
McKnight manufactures coffee mugs that it sells to other companies for customizing with theirown logos McKnight prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 60,200 coffee mugs per month EEB (Click the icon to view the cost data.) Requ i Data Table Begi erials a cost $ 0.05 Direct Materials 0.2 lbs 0.25 per lb) Direct Labor 3 minutes@ S...
Why the answer of flexible budget operating income is $2137600 instead of $ 2124800, also why...
Why the answer of flexible budget operating income is $2137600
instead of $ 2124800, also why the direct marketing in flexible
budget is 96000
7-36 Comprehensive variance analysis review. Omega Animal Health, Inc. produces a generic medication used to treat cats with feline diabetes. The liquid medication is sold in 100 ml vials. Omega employs a team of sales representatives who are paid varying amounts of commission. Given the narrow margins in the generic veterinary drugs industry, Omega relies on...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1 year 1, and its costs incurred during the year include these: Variable costs (based on mugs produced) Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing Fooed costs: Administration and marketing costs Indirect manufacturing costs $ 3.600 31,500 1.140 2,010 11,700 4.200 On December 31. year 1, direct materials inventory consisted of 3.000 pounds of material Production in that...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs incurred during the year include the following. Variable costs (based on mugs produced): Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing Fixed costs: Administration and marketing costs Indirect manufacturing costs $ 6,000 31,670 1,070 2,060 11,600 4,260 On December 31, year 1, direct materials inventory consisted of 6,000 pounds of material. Production in...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs incurred during the year include these Variable costs (based on mugs produced): Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing s 3,000 12,810 1,000 2,360 Fixed costs Administration and marketing costs Indirect manufacturing costs 11,300 4,190 On December 31. year 1, direct materials inventory consisted of 3,000 pounds of material. Production in that...
Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs incurred during the year include the following. Variable costs (based on mugs produced): Direct materials cost Direct manufacturing labor costs Indirect manufacturing costs Administration and marketing Fixed costs: Administration and marketing costs Indirect manufacturing costs $ 4,200 35,750 1,080 2,110 12,200 4,120 On December 31, year 1, direct materials inventory consisted of 4,200 pounds of material. Production in...
McKnight manufactures coffee mugs that it sells to other companies for customizing with theirown logos McKnight prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 60,200 coffee mugs per month EEB (Click the icon to view the cost data.) Requ i Data Table Begi erials a cost $ 0.05 Direct Materials 0.2 lbs 0.25 per lb) Direct Labor 3 minutes@ S...
Why the answer of flexible budget operating income is $2137600
instead of $ 2124800, also why the direct marketing in flexible
budget is 96000
7-36 Comprehensive variance analysis review. Omega Animal Health, Inc. produces a generic medication used to treat cats with feline diabetes. The liquid medication is sold in 100 ml vials. Omega employs a team of sales representatives who are paid varying amounts of commission. Given the narrow margins in the generic veterinary drugs industry, Omega relies on...
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