Homework Answers
Variable costs per unit remain unchanged within the relevant range.
The answer is Option c.
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The answer is Option a.
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When using a flexible budget, what will happen to variable costs on a per-unit basis as...
In a flexible budget, what will happen to fixed costs as the activity level increases? A....
In a flexible budget, what will happen to fixed costs as the activity level increases? A. The fixed cost per unit will remain unchanged. B. The fixed cost per unit will increase. C. Fixed costs are not included in a flexible budget. D. The fixed cost per unit will decrease. E. Total fixed cost will increase.
When using a flexible budget, a decrease in activity within therelevant range:decreases variable costs...
When using a flexible budget, a decrease in activity within the relevant range:decreases variable costs per unit.decreases total costs.increases total fixed costs.increases variable cost per unit.
What might happen BELOW the relevant range of production? a)Unit variable costs might decrease, as workers...
What might happen BELOW the relevant range of production? a)Unit variable costs might decrease, as workers are highly experienced. b)Total fixed costs might decrease, as volume increases. c)Total fixed costs might increase, as volume increases. D)Unit variable costs might increase, as workers are not pressured to work efficiently.
1) How do variable costs per unit behave? A. They increase as production decreases. B. They...
1) How do variable costs per unit behave? A. They increase as production decreases. B. They remain the same throughout production levels within the relevant range. C. They decrease as production increases. D. They decrease as production decreases. 2) How do fixed costs per unit behave? A. They decrease as production decreases. B. They increase as production decreases. C. They remain the same throughout production levels within the relevant range. D. They increase as production increases.
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts Which of the following costs are most likely to be classified as variable? Factory rent Manager salaries Insurance Direct materials Straight-line depreciation 2.5 pts Question 8 Which of the following costs are most likely to be classified as fixed? Differential cost Question 6 2.5 pts Which one of the following statements is not true? Total fixed costs remain the same regardless of volume within...
When a flexible budget is used, a decrease in the output level within the relevant range...
When a flexible budget is used, a decrease in the output level within the relevant range would: a. Not change fixed costs per unit. b. Decrease total fixed costs. c. Decrease total costs. d. Increase variable costs per unit.
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY...
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Bumblebee Company estimates that 387,400 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead...
Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs per...
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...
Static Budget UnitsNolume 6,000 Per Unit $7.00 1.50 Sales Revenue Variable Costs Contribution Margin Fixed Costs...
Static Budget UnitsNolume 6,000 Per Unit $7.00 1.50 Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income/(Loss) $42,000 9.000 33,000 3,000 $30,000 If a flexible budget is prepared at'a volume of 9,700 units, calculate the amount of operating income. The production level is within the relevant range. O A. $23,500 B. $12,600 ity C. $4,000 O D. $42.200 Click to select your answer. 10:07 PM 10/28/2018 21 PrtSc Delete 0 space Home Pause
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers 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
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,200, Depreciation
$1,800, and Property Taxes $600. The company believes it will
normally operate in a range of 7,000–13,000 direct labor hours per
month.
Assume that in July 2017, Myers Company incurs the following
manufacturing overhead costs.
Variable Costs
Fixed...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts Which of the following costs are most likely to be classified as variable? Factory rent Manager salaries Insurance Direct materials Straight-line depreciation 2.5 pts Question 8 Which of the following costs are most likely to be classified as fixed? Differential cost Question 6 2.5 pts Which one of the following statements is not true? Total fixed costs remain the same regardless of volume within...
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Bumblebee Company estimates that 387,400 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead...
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...
Static Budget UnitsNolume 6,000 Per Unit $7.00 1.50 Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income/(Loss) $42,000 9.000 33,000 3,000 $30,000 If a flexible budget is prepared at'a volume of 9,700 units, calculate the amount of operating income. The production level is within the relevant range. O A. $23,500 B. $12,600 ity C. $4,000 O D. $42.200 Click to select your answer. 10:07 PM 10/28/2018 21 PrtSc Delete 0 space Home Pause
Myers 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
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,200, Depreciation
$1,800, and Property Taxes $600. The company believes it will
normally operate in a range of 7,000–13,000 direct labor hours per
month.
Assume that in July 2017, Myers Company incurs the following
manufacturing overhead costs.
Variable Costs
Fixed...
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