3 pts Armati, Inc., is looking for feedback on company performance. The company compares the budget...

Transcribed Image Text:

3 pts Armati, Inc., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below: Armati, Inc., had the following budgeted data: Unit sales for 2011 26,000 Unit production for 2011 26,000 Budgeted fixed costs for 2011: $2,900 Budgeted variable costs per unit: Budgeted fixed costs for 2011: $2,900 Budgeted variable costs per unit: Direct materials $0.15 Direct labor $0.29 The following actually occurred: Actual unit sales for 2011 24,000 Actual unit production for 2011 28,000 Actual fixed costs for 2011: $2,950 Actual variable costs: $10,650 Actual unit production for 2011 28,000 Actual fixed costs for 2011: $2,950 Actual variable costs: $10,650 The flexible budget variance for total cost for 2011 is O A. $1,670 F O B. $1,280.U O C. $1,620 F O D. $50 U on 8 3 pts Ben Company has the following sales forecast for the next quarter: April, 20,000 units; May. 24,000 units; June, 28,000 units. Sales totaled 16,000 units in March. The end of April finished goods inventory was 4,800 units. End-of-month finished goods inventory levels are planned to be equal to 20 percent of the next month's planned sales. The unit to be produced for May is O A. 24,800 units. O B. 28,800 units. OC. 24,000 units. "O D. 29,600 units. 3 pts Armati, Inc., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below: Armati, Inc., had the following budgeted data: Unit sales for 2011 26,000 Unit production for 2011 26,000 Budgeted fixed costs for 2011: $2,900 Budgeted variable costs per unit: Budgeted fixed costs for 2011: $2,900 Budgeted variable costs per unit: Direct materials $0.15 Direct labor $0.29 The following actually occurred: Actual unit sales for 2011 24,000 Actual unit production for 2011 28,000 Actual fixed costs for 2011: $2,950 Actual variable costs: $10,650 Actual unit production for 2011 28,000 Actual fixed costs for 2011: $2,950 Actual variable costs: $10,650 The flexible budget variance for total cost for 2011 is O A. $1,670 F O B. $1,280.U O C. $1,620 F O D. $50 U on 8 3 pts Ben Company has the following sales forecast for the next quarter: April, 20,000 units; May. 24,000 units; June, 28,000 units. Sales totaled 16,000 units in March. The end of April finished goods inventory was 4,800 units. End-of-month finished goods inventory levels are planned to be equal to 20 percent of the next month's planned sales. The unit to be produced for May is O A. 24,800 units. O B. 28,800 units. OC. 24,000 units. "O D. 29,600 units.

Answer rating: 100% (QA)

Step 1 A budget is an estimation of revenue and expenses over a specified future period of time and ... View the full answer