Cost per Unit Fixed Cost Overhead Costs per Month $4.25 Direct materials Direct labor $36,800 $...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Cost per Unit Fixed Cost Overhead Costs per Month $4.25 Direct materials Direct labor $36,800 $ .30 $.05 Supplies Utilities Insurance $ 1,400 $12,700 The actual costs for the month were as follows: Overhead Costs Actual Cost $23,100 $36,050 $ 1,440 $ 1,110 $12,700 Direct materials Direct labor Supplies Utilities Insurance The company expects to sell 5,000 plants and shrubs in April. REQUIRED: 1. Prepare the flexible planning budget for April 30. 2. Prepare the flexible budget formula for the company. It should be in the format of Y=a+bX. 3. Prepare the flexible budget report if the actual units for the month were 5,200. Cost per Unit Fixed Cost Overhead Costs per Month $4.25 Direct materials Direct labor $36,800 $ .30 $.05 Supplies Utilities Insurance $ 1,400 $12,700 The actual costs for the month were as follows: Overhead Costs Actual Cost $23,100 $36,050 $ 1,440 $ 1,110 $12,700 Direct materials Direct labor Supplies Utilities Insurance The company expects to sell 5,000 plants and shrubs in April. REQUIRED: 1. Prepare the flexible planning budget for April 30. 2. Prepare the flexible budget formula for the company. It should be in the format of Y=a+bX. 3. Prepare the flexible budget report if the actual units for the month were 5,200.
Expert Answer:
Answer rating: 100% (QA)
1 Flexible planning budget for April 30 Direct materi... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
Students also viewed these accounting questions
-
The beginning account balances for Miller Company were as follows for 2013, 2014, and 2015: Miller Company experienced the following events for the accounting periods 2013, 2014, and2015: 2013 1....
-
In the coming year, Gascon Company expects to sell 74,600 units at $30 each. Gascons controller provided the following information for the coming year. Units production .............80,000 Unit...
-
In the coming year, Kalling Company expects to sell 28,700 units at $32 each. Kalling's controller provided the following information for the coming year. Units production...
-
Assume an employee signs a non - disparagement clause. What would be considered breaking this clause? a . ) Telling a company's trade secret to a competing firm for a fee b . ) Using a work computer...
-
1. How much would Anita (a) Receive in initial loan proceeds (b) Be required to repay at maturity under the North Carolina State Bank loan? 2. Compute (a) The finance charges (b) The APR on the loan...
-
Consider the operation of a medical office. Records have to be kept on individual patients, and accounting procedures are a daily task. Should the office buy or lease a small computer system? Suggest...
-
A strong wind can blow a golf ball off the tee by pivoting it about point 1 as shown in Fig. P9.64. Determine the wind speed necessary to do this. Figure P9.64 U (1) 40.20 0.20 in. Radius = 0.845 in....
-
Here are data on two companies. The T-bill rate is 4% and the market risk premium is 6%. What would be the fair return for each company, according to the capital asset pricing model(CAPM)? Company...
-
A project requires an initial investment of $100,000 to purchase equipment. The equipment will be depreciated on a straight-line basis over the five-year life of the project. The company expects the...
-
Consider the data below that shows the forecast for the number of cars sold by an electric car maker for each quarter for the next 5 years. The table below also shows the parameters for the...
-
Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex...
-
What are the implications for how social workers should think about the role of the body in human behavior?
-
Mary, a college student, needs to borrow $8,000 today for her tuition. She agrees to pay back the loan in a lump-sum payment upon graduating, 4 years from today. The lender agrees to lending at a...
-
What's was Morgan's iteration of the Matrix of Domination? explain
-
Consider a two stage game in which firm 1 makes a strategic commitment on R&D to reduce production cost in the first period, and two firms engage in Cournot competition in the second period. Assume...
-
If you invest $1,000 today at an interest rate of 10% per year, how much will you have 20 years from now, assuming no withdrawals in the interim? 2. a. If you invest $100 every year for the next 20...
-
Explain the differences and list the positive and negative issues surrounding the following job evaluation techniques: Simple ranking Alternate ranking Point method - Explain what types of...
-
Imagine that your best friend knows you are taking a psychology course and wonders what psychology is all about. How would you define psychology for your friend? Write an essay on the discipline of...
-
Jets Bancorp Inc. purchased a portfolio of trading securities during 2014. The cost an fair value of this portfolio on December 31, 2014, was as follows: On May 10, 2015, Jets Bancorp Inc. purchased...
-
Spotted Cow Dairy Company manufactures three productswhole milk, skim milk, and creamin two production departments, Blending and Packing. The factory overhead for Spotted Cow Dairy is $ 299,700. The...
-
A manager of Varden Sporting Goods Company is considering accepting an order from an overseas customer. This customer has requested an order for 20,000 dozen golf balls at a price of $ 22 per dozen....
-
Assess two different quantitative measures on the temptation traditional model and temptation stable analysis patterns, and explain the differences between each of the measures.
-
What do you think are the implementation issues for the AnyUnit BO, when used in the Temptation stable analysis pattern?
-
Draw with a class diagram and describe the applicability of the temptation SAP in a scenario, where the YouTube channel is trying to tempt people to come and watch the uploaded videos, subscribe to...
Study smarter with the SolutionInn App