Prepare a flexible budgeted income for 120,000 units using the following information from a static budget for
Question:
Prepare a flexible budgeted income for 120,000 units using the following information from a static budget for 100,000 units:
Transcribed Image Text:
Sales price Direct material per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead Variable sales and administration expenses per unit Fixed sales and administration expenses Taxes *of income before taxes $ LA 90 30 15 13 75,000 3 25,000 30%*
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
To prepare a flexible budgeted income statement for 120000 units we need to adjust the static budget for 100000 units to reflect the changes for 12000...View the full answer
Answered By
Ma Kristhia Mae Fuerte
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
Question Posted:
Students also viewed these Business questions
-
The following information has been extracted from Windhoek Manufacturers, a company that produces and sells cosmetics for the year ended 31 July 2022. Actual Static budget Static budget Units sold 40...
-
The Thompson Toy Company manufactures toy building block sets for children. Thompson is planning for 2017 by developing a master budget by quarters. Thompsons balance sheet for December 31, 2016,...
-
Prepare a flexible budgeted income statement for 47,000 units using the following information from a static budget for 45,000 units: Sales price per unit Direct material per unit Direct labor per...
-
The Archaic period also gave rise to some economic, social and political cooperation, best represented by the emergence of Kingdoms Republics Tyrannies Poleis
-
Carol Co. traded in an old machine costing $22,000 for a new machine for a cash price of $18,000 with a trade-in allowance of $7,000. Accumulated Depreciation on the old machine was $14,000. a. What...
-
The following balance sheet and income statement data were taken from the records of L. L. Beeno for the year ended December 31, 2018: Prepare the operating section of the statement of cash flows,...
-
A project has been selected for implementation. The net cash flow (NCF) profile associated with the project is shown below. MARR is 10 percent/year. a. What is the internal rate of return of this...
-
Partridge Theatre Inc. owns and operates movie theaters throughout Texas and Oklahoma. Partridge Theatre Inc. has declared the following annual dividends over a six year period: 2009, $18,000; 2010,...
-
What is the central concept in urban economics that says people/businesses being physically next together increases overall productivity? Why does it increase productivity?
-
Which of the operating budgets is prepared first? A. Production budget B. Sales budget C. Cash received budget D. Cash payments budget
-
Nonnas Re-Appliance Store collects 55% of its accounts receivable in the month of sale and 40% in the month after the sale. Given the following sales, how much cash will be collected in February?...
-
For the characteristic equation s3+ 9s2 + 26s + K = 0, use the Routh-Hurwitz criterion to compute the range of K values required so that the dominant time constant is no larger than 1/2.
-
An electric utility is considering a photovoltaic (PV) solar panel system to provide power to water conditioning pumps within the power plant. The project will be done in two phases. Phase 1 has an...
-
A 6-nom class 400 wye fitting with equal leg diameters has 650 gpm of water flowing into the fitting at 60F. 65% of the flow leaves the fitting through the straight run and the remaining flow leaves...
-
Two different labeling machines are being considered for a canned food processing plant. Machine X has a first cost of $46,500, a service life of 5 years and a salvage value of $5,000. The annual...
-
A nominal 36-inch pipeline can be installed for $216,600. The annual cost of the 36-inch pipeline including pump operating costs and maintenance is estimated to be $48,600. A nominal 30-inch pipeline...
-
A heat pump is operating between a low temperature reservoir of 270 K and a high temperature reservoir of 340 K. The heat pump receives heat at 255 K from the low temperature reservoir and rejects...
-
If the market is semistrong-form efficient, must it be weak-form efficient?
-
Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...
-
What are the benefits of having talent review calibration processes? What is the downside of the process? Should an organization let employees know what their talent review rating is? Why or why not?
-
Why are many companies interested in moving to a pay-for-performance strategy?
-
Where did the concept of performance management originate?
-
Deciphering budgets for purchasing is an important initial step for a busy company for allocation of funds and resources.please reflect on your own personal budgeting and selection. What we purchase...
-
Calculate the net present value (NPV) by completing the table below. Discount factors for 6% are given to 4 d.p. Both projects cost $300 000. Explain which of the two projects should be...
-
A company is studying the acquisition of machinery to package production at a cost of $800,000. To achieve the maximum level of machine efficiency, a certain degree of maintenance is necessary. The...
Study smarter with the SolutionInn App