Homework Answers
Answer:
Add Answer to:
S.Evergreen Co. provided the following budget and actual data for the year: Sales (30,000 units) $1,290,000...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year Create an Income Statement Performance Report, including favourable/unfavourable ratings for all Flex Budget...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year Create an Income Statement Performance Report, including favourable/unfavourable ratings for all Flex Budget...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units...
CC Corp estimated the following financial data, for the 2020 production budget: Sales of 122,000 units Sales price of $40 per unit Variable expenses of $9.90 per unit Fixed costs of $3,050,000 for the year At year end, actual sales data and costs were: Sales of 125,000 units Sales price of $38 per unit Variable expenses of $10.50 per unit Fixed costs of $3,000,000 for the year Create an Income Statement Performance Report, including favourable/unfavourable ratings for all Flex Budget...
Performance Report Scafidi Company provided the following information for last year. Master Budget Actual Data Budgeted...
Performance Report Scafidi Company provided the following information for last year. Master Budget Actual Data Budgeted production 4,400 4,200 units Direct materials: 8 kilograms @ 0.6 per kilogram $6,800 Direct labour: 0.4 hr. @ $15.50 per hour 30,500 VOH: 0.4 hr. @ $2.70 4,200 FOH: Materials handling, $6,600 6,300 Depreciation, $2,700 2,700 Required: 1. Calculate the budgeted amounts for each cost category listed above for the 4,400 budgeted units, then give the total below. Direct materials $ Direct labour $...
FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of...
FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of its product at a unit price of $9.00. Actual sales for the year were 14,000 units at $11.50 each. Variable costs were budgeted at $2.10 per unit, and actual variable costs were $2.20 per unit. Actual fixed costs of $42,000 exceeded budgeted foed costs by $5,500. Prepare Hannah's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this...
The follo points Sel 2 Thomas Co provides the following budget data for the year, based...
The follo points Sel 2 Thomas Co provides the following budget data for the year, based on 20.000 units: Static Budget 20.000 units S800,000 Units Sales ($40/unit) Variable Costs: 300.000 Direct Materials ($15/unit) Direct Labor (13/unit) 260.000 50,000 Variable Overhead ($2.50/unit) 30.000 Variable Operating Expenses ($1.s0/unit) 640,000 Total Variable Costs 160.000 Contribution Margin Fixed Costs Overhea 85,000 Operating Expenses 18.000 Total Fixed Costs 103.000 Income from Operations 57,000 Prepare a flexible budget performance report for the vear assuming actual sales...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
3. ABC Company has the master/static budget and actual of operating result (2015) as shown beloW. ABC Company Operating Results For year 2015 Master Budget 20,000 1,000,000 500,000 Actual Varianc...
3. ABC Company has the master/static budget and actual of operating result (2015) as shown beloW. ABC Company Operating Results For year 2015 Master Budget 20,000 1,000,000 500,000 Actual Variance Units sold Revenue Variable cost Variable production overhead 15,000 742,500 390,000 160,000500 32,500 F 225,000 5,000 U 257,500 U 110,000 F 115,000 U 5,000 F 110,000 U Contribution margin Fixed production overhead Operating income 340,000 150,000 190,000 45,000 80,000 3.1 Prepare a flexible budget for ABC Company for vear 2015...
A manufacturer had the following information: Budget Actual Units produced 10,000 11,050 Materials used...
A manufacturer had the following information: Budget Actual Units produced 10,000 11,050 Materials used in production 400 kg ? Material Costs $ 8,000 ? Direct Labour (Hours) 35,000 hrs 41,010 hrs Direct Labour Costs $ 385,000 $450,951 Variable Overhead Costs $ 350,000 $411,441 Fixed Overhead Costs $ 160,000 $136,358 Other Information Overhead is Allocated on Direct Labour Hours During the year, 602 kg of materials were purchased for $12,000 Beginning Direct Material Inventory:...
Beech Company produced and sold 113,000 units of its product in May. For the level of...
Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,290,000; variable costs, $826,000; and fixed costs, $390,000. The following actual financial results are available for May Sales (113,000 units) Variable costs Fixed costs Actual $1,272,000 790,500 390,000 Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BEECH COMPANY Flexible Budget Performance...
FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of its product at a unit price of $9.00. Actual sales for the year were 14,000 units at $11.50 each. Variable costs were budgeted at $2.10 per unit, and actual variable costs were $2.20 per unit. Actual fixed costs of $42,000 exceeded budgeted foed costs by $5,500. Prepare Hannah's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this...
The follo points Sel 2 Thomas Co provides the following budget data for the year, based on 20.000 units: Static Budget 20.000 units S800,000 Units Sales ($40/unit) Variable Costs: 300.000 Direct Materials ($15/unit) Direct Labor (13/unit) 260.000 50,000 Variable Overhead ($2.50/unit) 30.000 Variable Operating Expenses ($1.s0/unit) 640,000 Total Variable Costs 160.000 Contribution Margin Fixed Costs Overhea 85,000 Operating Expenses 18.000 Total Fixed Costs 103.000 Income from Operations 57,000 Prepare a flexible budget performance report for the vear assuming actual sales...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
3. ABC Company has the master/static budget and actual of operating result (2015) as shown beloW. ABC Company Operating Results For year 2015 Master Budget 20,000 1,000,000 500,000 Actual Variance Units sold Revenue Variable cost Variable production overhead 15,000 742,500 390,000 160,000500 32,500 F 225,000 5,000 U 257,500 U 110,000 F 115,000 U 5,000 F 110,000 U Contribution margin Fixed production overhead Operating income 340,000 150,000 190,000 45,000 80,000 3.1 Prepare a flexible budget for ABC Company for vear 2015...
Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,290,000; variable costs, $826,000; and fixed costs, $390,000. The following actual financial results are available for May Sales (113,000 units) Variable costs Fixed costs Actual $1,272,000 790,500 390,000 Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BEECH COMPANY Flexible Budget Performance...
Most questions answered within 3 hours.
-
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 6 minutes ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 8 minutes ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 54 minutes ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 1 hour ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 1 hour ago -
4. How many input & output Key Value Pairs are passed into,
and emitted out of...
asked 1 hour ago -
Why would your heart not function well if constructed of
skeletal muscle? What is the particular...
asked 1 hour ago -
Please respond to this essay question in full essay form for
Chemistry 1102 Organic and Biochemistry:...
asked 1 hour ago -
Determine the head loss and velocity of flow in a water supply main
of 15.0 cm...
asked 1 hour ago -
A marketing executive who knowingly authorizes a shoddy
defective product to be brought to market is...
asked 1 hour ago -
Write a psudocode:
1. Define a function called authorize that takes in 2 strings,
uName, and...
asked 1 hour ago -
What Hall voltage (in mV) is produced by a 0.180 T field applied
across a 2.60...
asked 1 hour ago