61) Assume that a company’s planned level of activity was 3,500 units and its actual level...
Homework Answers
| 61.) | The actual total amount of this mixed expense | $ 11,850 | =12000-350+200 |
| Correct answer is option 2. | |||
| 62.) | Supplies expense would be included in the planning budget | $ 8,400 | =2100*4 |
| Correct answer is option 4. | |||
| 63.) | Supplies expense would be included in the flexible budget | $ 8,880 | =4.8*1850 |
| Correct answer is option 2. | |||
| 64.) | Utilities expense would be included in the planning budget | $ 1,750 | =250+(0.75*2000) |
| Correct answer is option 3. | |||
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61) Assume that a company’s planned level of activity was 3,500
units and its actual level...
1) Assume that a company expects to produce 10,900, 11,900, and 13,900 units of finished goods...
1) Assume that a company expects to produce 10,900, 11,900, and 13,900 units of finished goods in January, February, and March, respectively. Each unit of finished goods requires 3 pounds of raw material and each pound of raw material costs $3.25. The company always maintains an ending raw materials inventory equal to 20% of next month’s production needs. What is the amount of expected raw materials purchases for February? Multiple Choice $119,925 $83,025 $116,325 $71,745 2) Assume that June’s production...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.30q Indirect labor $4,500 + $2.10q Utilities $5,100 + $0.70q Supplies $1,800 + $0.20q Equipment depreciation $18,800 + $2.60q Factory rent $8,000 Property taxes $3,000 Factory administration $13,300 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.50q Indirect labor $4,600 + $2.00q Utilities $5,700 + $0.60q Supplies $1,600 + $0.20q Equipment depreciation $18,700 + $3.00q Factory rent $8,600 Property taxes $3,000 Factory administration $13,400 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide
variety of packaging products. Performance reports are prepared
monthly for each department. The planning budget and flexible
budget for the Production Department are based on the following
formulas, where q is the number of labor-hours worked in a
month:
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.30q Indirect labor $4,800 + $1.90q Utilities $5,100 + $0.80q Supplies $1,600 + $0.20q Equipment depreciation $18,200 + $2.60q Factory rent $8,300 Property taxes $2,500 Factory administration $13,700 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.50q Indirect labor $4,800 + $2.00q Utilities $5,600 + $0.60q Supplies $1,300 + $0.20q Equipment depreciation $18,500 + $2.60q Factory rent $8,200 Property taxes $2,600 Factory administration $13,100 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.40q Indirect labor $4,100 + $1.50q Utilities $5,200 + $0.60q Supplies $1,600 + $0.30q Equipment depreciation $18,200 + $2.50q Factory rent $8,200 Property taxes $2,500 Factory administration $13,500 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.609 $4,400 + $ 2.000 $5,800 + $0.400 $1,300 + $0.40q $18,300 + $3.000 $ 8,100 $2,500...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $15.80q Indirect labor $8,200 + $1.60q Utilities $6,400 + $0.80q Supplies $1,100 + $0.40q Equipment depreciation $23,000 + $3.70q Factory rent $8,400 Property taxes $2,100 Factory administration $11,700 +...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.50q Indirect labor $4,000 + $1.40q Utilities $5,000 + $0.60q Supplies $1,200 + $0.30q Equipment depreciation $18,100 + $2.90q Factory rent $8,600 Property taxes $2,800 Factory administration $13,100 +...
Packaging Solutions Corporation manufactures and sells a wide
variety of packaging products. Performance reports are prepared
monthly for each department. The planning budget and flexible
budget for the Production Department are based on the following
formulas, where q is the number of labor-hours worked in a
month:
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.609 $4,400 + $ 2.000 $5,800 + $0.400 $1,300 + $0.40q $18,300 + $3.000 $ 8,100 $2,500...
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