Jase Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and...
Jase Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $24,000. At 12,000 units of production, a flexible budget would show
a.variable costs of $52,800 and $29,000 of fixed costs
b.variable and fixed costs totaling $68,000
c.variable costs of $44,000 and $24,000 of fixed costs
d.variable costs of $52,800 and $24,000 of fixed costs
Homework Answers
Under Static Budget, Variable Cost
For 10,000 units = Direct Labour cost $ 40,000 + $ 4000 Electric Bopwer
= $ 44,000
So, for 10,000 units = 44,000/10,000 = $ 4.4/unit
So, for 12,000 units
Variable Cost = 12000 units * 4.4/unit = $ 52,800
Fixed cost will be same = $ 24,000
Option (d) is correct.
Add Answer to:
Jase Manufacturing Co.'s static budget at 10,000 units of
production includes $40,000 for direct labor and...
Jase Manufacturing Co.'s static budget at 7,500 units of production includes $22,500 for direct labor and...
Jase Manufacturing Co.'s static budget at 7,500 units of production includes $22,500 for direct labor and $2,250 for electric power. Total fixed costs are $38,200. At 10,700 units of production, a flexible budget would show a.variable costs of $35,310 and $54,499 of fixed costs b.variable costs of $24,750 and $38,200 c.variable costs of $35,310 and $38,200 of fixed costs d.variable and fixed costs totaling $62,950
Jase Manufacturing Co.'s static budget at 7,600 units of production includes $22,800 for direct labor and...
Jase Manufacturing Co.'s static budget at 7,600 units of production includes $22,800 for direct labor and $2,280 for electric power. Total fixed costs are $37,400. At 10,400 units of production, a flexible budget would show Oa. variable and fixed costs totaling $62,480 Ob. variable costs of $34,320 and $51,179 of fixed costs Oc. variable costs of $25,080 and $37,400 Od. variable costs of $34,320 and $37,400 of fixed costs
Question) Jase Manufacturing Co.'s static budget at 7,800 units of production includes $23,400 for direct labor...
Question) Jase Manufacturing Co.'s static budget at 7,800 units of production includes $23,400 for direct labor and $2,340 for electric power. Total fixed costs are $41,200. At 10,500 units of production, a flexible budget would show? A)variable and fixed costs totaling $66,940 B)variable costs of $34,650 and $41,200 of fixed costs C) variable costs of $34,650 and $55,462 of fixed costs D)variable costs of $25,740 and $41,200 of fixed costs
41. The budget process involves doing all of the following except &n
41. The budget process involves doing all of the following except A. executing plans to achieve the goals B. firing all managers who fail to achieve operational goals specified in the budget C. periodically comparing actual results with the goals D. establishing specific goals 42. The process of developing budget estimates by requiring all levels of management to estimate sales, production, and other operating data as though operations were being initiated for...
4. Hubbard, Inc.'s static budget at 3,000 units of production includes $12,000 for direct labor, $3,000...
4. Hubbard, Inc.'s static budget at 3,000 units of production includes $12,000 for direct labor, $3,000 for utilities (variable), and total fixed costs of $24,000. Actual production and sales for the year was 9,000 units, with an actual cost of $70,800. Instructions Determine if Hubbard is over or under budget.
11. Haskell Co.'s budget has 12,000 units of production that includes $40,000 for variable direct labor...
11. Haskell Co.'s budget has 12,000 units of production that includes $40,000 for variable direct labor and S12,000 for variable indirect material cost. Total fixed costs are $25,000. At 15,000 units of production, a flexible budget would show a. variable costs of $65,000 and $25,000 of fixed costs b. variable costs of $50,000 and $37,000 of fixed costs c. variable costs of $52,000 and $25,000 of fixed costs d. Total (variable and fixed) costs of $77,000 12. Below is budgeted...
21. Under variable costing, which of the following costs would be included in finished goods inventory?...
21. Under variable costing, which of the following costs would be included in finished goods inventory? a.wages of carpenters in a furniture factory b.straight-line depreciation on factory equipment c.salary of vice-president of finance d.salary of salesperson 22. A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials $170,000 Direct labor 360,000 Variable factory overhead 190,000 Fixed factory overhead 50,000 $770,000 Operating expenses: Variable operating expenses $ 60,000 Fixed...
Miller and Sons' static budget for 9,600 units of production includes $37,400 for direct materials, $45,000...
Miller and Sons' static budget for 9,600 units of production includes $37,400 for direct materials, $45,000 for direct labor, variable utilities of $6,000, and supervisor salaries of $16,300. A flexible budget for 12,000 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. a.direct materials of $46,750, direct labor of $56,250, utilities of $7,500, and supervisor salaries of $19,560 b.total variable costs of $104,700 c.direct materials of $46,750, direct labor of $56,250,...
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor...
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 30,000 kits $ 234,000 204,000 45,000 483,000 214,000 $697,000 Actual Results 31,600 kits $ 283,880 208,580 51,100 543,560 209,800 $ 753,360 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Complete this question by entering your answers in the tabs below. Required A Required B...
Miller and Sons' static budget for 9,800 units of production includes $36,000 for direct materials, $49,000...
Miller and Sons' static budget for 9,800 units of production includes $36,000 for direct materials, $49,000 for direct labor, variable utilities of $6,500, and supervisor salaries of $14,200. A flexible budget for 12,300 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. a.total variable costs of $105,700 b.the same cost structure in total c.direct materials of $45,184, direct labor of $61,500, utilities of $8,158, and supervisor salaries of $17,040 d.direct materials...
Jase Manufacturing Co.'s static budget at 7,600 units of production includes $22,800 for direct labor and $2,280 for electric power. Total fixed costs are $37,400. At 10,400 units of production, a flexible budget would show Oa. variable and fixed costs totaling $62,480 Ob. variable costs of $34,320 and $51,179 of fixed costs Oc. variable costs of $25,080 and $37,400 Od. variable costs of $34,320 and $37,400 of fixed costs
4. Hubbard, Inc.'s static budget at 3,000 units of production includes $12,000 for direct labor, $3,000 for utilities (variable), and total fixed costs of $24,000. Actual production and sales for the year was 9,000 units, with an actual cost of $70,800. Instructions Determine if Hubbard is over or under budget.
11. Haskell Co.'s budget has 12,000 units of production that includes $40,000 for variable direct labor and S12,000 for variable indirect material cost. Total fixed costs are $25,000. At 15,000 units of production, a flexible budget would show a. variable costs of $65,000 and $25,000 of fixed costs b. variable costs of $50,000 and $37,000 of fixed costs c. variable costs of $52,000 and $25,000 of fixed costs d. Total (variable and fixed) costs of $77,000 12. Below is budgeted...
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 30,000 kits $ 234,000 204,000 45,000 483,000 214,000 $697,000 Actual Results 31,600 kits $ 283,880 208,580 51,100 543,560 209,800 $ 753,360 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Complete this question by entering your answers in the tabs below. Required A Required B...
Most questions answered within 3 hours.
-
In the guanidinium ion, [C(NH2)3] + , what is the best
description of the hybridizations of...
asked 3 minutes ago -
Could you please explain, how this code works?
public void addAfter(int element){
if (this.manyItems == 0){...
asked 14 minutes ago -
Does the complexity of the project dictate the estimating
method?
asked 10 minutes ago -
in regards to the movie FRIDA,
The movie has as its background the Mexican Revolution, thus:...
asked 15 minutes ago -
a) A given electrical circuit operating on "V" volts with "R"
ohms of resistance draws 5.8...
asked 19 minutes ago -
Describe three challenges you think payroll accountants face in
their job responsibilities. Also, if you were...
asked 23 minutes ago -
The probability that a person living in a certain city owns a
dog is estimated to...
asked 23 minutes ago -
From a box of fruit containing 38 oranges and 1 apple a random
sample of 2...
asked 43 minutes ago -
Question 13
The characteristics of services include all of the following,
except?
Personal nature
Intangibility
Inseparability...
asked 28 minutes ago -
when writing complete ionic equations, how do i know what molecules
dissassociate?
Also, when predicting chemical...
asked 46 minutes ago -
An antacid tablet weighing 0.928 g contained calcium carbonate
as the active ingredient, in addition to...
asked 53 minutes ago -
Question 21 5 pts (TCO 3) What VBScript Boolean operator could
be used to replace the...
asked 44 minutes ago