Homework Answers
Answers
- [1]
Correct Answer = Option ‘B” Flexible Budget, where actual level is considered with budgeted data. - [2]
Correct Answer = Option ‘B’ Allowance for uncollectible accounts is a NON CASH account and hence not a section of cash budget. - [3]
Correct Answer = Option ‘C’ Production Budget is used to prepare direct material budget. - [4]
Correct Answer = Option ‘B’ Cash receipt Budget is the starting point. - [5]
Correct Answer = Option ‘D’ Under Variable costing, unit product cost = variable direct material + variable direct labor + Variable manufacturing overhead.
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Explanation not necessary Which budget evaluates the results of operations at the actual level of activity? A. stat...
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...
plz what the answer from 8 to 11 ministrative expense budo The sales budget and administrative...
plz what the answer from 8 to 11
ministrative expense budo The sales budget and administrative expense 395 160 per month, which includes 8) Route nous ne bases expense budo u penses 1320 shows 7.800 units are planned to be sold in Apr The Unit The budgeted foed sling and admin 100 per mon represents and ministrative depreciation of 39 per month The remainder of the food and cash flows. The cash disbursements for selling and administrative expenses on the...
Which of the following statements is NOT correct concerning the Manufacturing Overhead Budget? Multiple Choice The...
Which of the following statements is NOT correct concerning the Manufacturing Overhead Budget? Multiple Choice The Manufacturing Overhead Budget provides a schedule of all costs of production other than direct materials and labor costs. The Manufacturing Overhead Budget shows only the variable portion of manufacturing overhead. The Manufacturing Overhead Budget shows the expected cash disbursements for manufacturing overhead. The Manufacturing Overhead Budget is prepared after the Sales Budget. The basic idea underlying responsibility accounting is that a manager should be...
Prepare a static budget analysis of production cost. Prepare a flexible budget analysis of production. budget...
Prepare a static budget analysis of production cost. Prepare a flexible budget analysis of production. budget 20,000 actual. 18,000 volume. budgeted manufacturing cost variable cost per unit direct materials 17.00 direct labor 7.00 overhead 2.00 Total fixed overhead cost 220,000 Actual manufacturing cost 310,000 direct materials. 310,000 direct labor. 135,000 variable overhead 36,000 fixed overhead. 210,000
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product duri...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $7 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 8 9 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
1. Edgington Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate...
1. Edgington Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $92,130 per month, which includes depreciation of $19,820. All other fixed manufacturing overhead costs represent current cash flows. The November direct labor budget indicates that 8,300 direct labor-hours will be required in that month. Required: a. Determine the cash disbursement for manufacturing overhead for November. b. Determine the predetermined overhead rate for...
edule of cash receipts, schedule of cash 40A Preparing a financial budget schedule of cash receipts...
edule of cash receipts, schedule of cash 40A Preparing a financial budget schedule of cash receipts payments, cash budget 90 Humble Company has provided the following budget information of 2016: ed the following budget information for the first quarter 39 Total sales $ 208,000 Budgeted purchases of direct materials 40,150 Budgeted direct labor cost 37,300 Budgeted manufacturing overhead costs: Variable manufacturing overhead 1,119 Depreciation 1,000 Insurance and property taxes 6,833 Budgeted selling and administrative expenses: Salaries expense 6,000 Rent expense...
Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead...
Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead costs for March. WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted production in units 124,000 Budgeted costs Indirect materials $6,200 Indirect labor 13,640 Utilities 12,400 Maintenance 8,680 Salaries 44,700 Depreciation 17,100 Property taxes 3,300 Insurance 1,300 Janitorial 1,400 Total budgeted costs $108,720 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 125,000 Costs Indirect materials...
Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead...
Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead for March. (Refer to Waterways 9 if you are uncertain about variable versus fixed costs.) Waterways Corporation Waterways Corporation Manufacturing Overhead Budget Manufacturing Overhead Costs (Actual) (Static) For the Month of March For the Month of March Budgeted Production (Units) 118,000 Production in units 118,500 Indirect materials $ 5,900 Indirect materials $ 5,910 Indirect labor 14,160 Indirect labor...
Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead...
Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead costs for March. WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted production in units 114,000 Budgeted costs Indirect materials $5.700 Indirect labor 13.680 Utilities 11.400 Maintenance 6,840 Salaries 45,500 Depreciation 15.900 Property taxes 3.000 Insurance 1,100 Janitorial 1.700 Total budgeted costs $104.820 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 115.000 Costs Indirect materials...
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...
plz what the answer from 8 to 11
ministrative expense budo The sales budget and administrative expense 395 160 per month, which includes 8) Route nous ne bases expense budo u penses 1320 shows 7.800 units are planned to be sold in Apr The Unit The budgeted foed sling and admin 100 per mon represents and ministrative depreciation of 39 per month The remainder of the food and cash flows. The cash disbursements for selling and administrative expenses on the...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $7 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 8 9 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
edule of cash receipts, schedule of cash 40A Preparing a financial budget schedule of cash receipts payments, cash budget 90 Humble Company has provided the following budget information of 2016: ed the following budget information for the first quarter 39 Total sales $ 208,000 Budgeted purchases of direct materials 40,150 Budgeted direct labor cost 37,300 Budgeted manufacturing overhead costs: Variable manufacturing overhead 1,119 Depreciation 1,000 Insurance and property taxes 6,833 Budgeted selling and administrative expenses: Salaries expense 6,000 Rent expense...
Waterways Corporation is continuing its budget preparations. Waterways had the following static budget and actual overhead costs for March. WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted production in units 114,000 Budgeted costs Indirect materials $5.700 Indirect labor 13.680 Utilities 11.400 Maintenance 6,840 Salaries 45,500 Depreciation 15.900 Property taxes 3.000 Insurance 1,100 Janitorial 1.700 Total budgeted costs $104.820 WATERWAYS CORPORATION Manufacturing Overhead Costs (Actual) For the Month of March Production in units 115.000 Costs Indirect materials...
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