Sparky & Company prepared the following budget (static) before the month started estimating that 10,000 units...
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Sparky & Company prepared the following budget (static) before the month started estimating that 10,000 units would be sold: uncements des aw-Hill ect Sales $ 500,000 Variable Costs: Direct Materials (160,000) es Direct Labor (90,000) Variable FOH utora (20,000) Variable S&A (30.000) Contribution Margin. 200,000 Fixed Costs: Fixed FOH Fixed S&A (10,000) (17.000) $173,000 Budgeted Net Income. Sparky only produces and sells one product. The standard cost card for this product is Direct Materials Direct Labor FOH (applied on DLH) 4 pounds $4 per pound 1/2 DLH @ $18 per DLH 1/2 DLH $6 per DLH (Variable $4, Fixed-$2) $16.00 9.00 3.00 $28.00 This month Sparky made and sold 9,500 units. Actual costs were: DM: 38,200 pounds were purchased and used at a cost of $3.80 per pound DL: 4,720 DL hours were used at a total cost of $84,016 Variable FOH was $21,300 and Fixed FOH was $9.800 Variable S&A was $$28.000 and Fixed S&A was $17,000 This month Sparky made and sold 9,500 units. Actual costs were: DM: 38,200 pounds were purchased and used at a cost of $3.80 per pound DL: 4,720 DL hours were used at a total cost of $84,016 Variable FOH was $21,300 and Fixed FOH was $9,800 Variable S&A was $$28,000 and Fixed S&A was $17,000 Actual Sales were $$474,000 When Sparky prepares his flexible budget for this month, the budgeted net income will be $_ Sparky & Company prepared the following budget (static) before the month started estimating that 10,000 units would be sold: uncements des aw-Hill ect Sales $ 500,000 Variable Costs: Direct Materials (160,000) es Direct Labor (90,000) Variable FOH utora (20,000) Variable S&A (30.000) Contribution Margin. 200,000 Fixed Costs: Fixed FOH Fixed S&A (10,000) (17.000) $173,000 Budgeted Net Income. Sparky only produces and sells one product. The standard cost card for this product is Direct Materials Direct Labor FOH (applied on DLH) 4 pounds $4 per pound 1/2 DLH @ $18 per DLH 1/2 DLH $6 per DLH (Variable $4, Fixed-$2) $16.00 9.00 3.00 $28.00 This month Sparky made and sold 9,500 units. Actual costs were: DM: 38,200 pounds were purchased and used at a cost of $3.80 per pound DL: 4,720 DL hours were used at a total cost of $84,016 Variable FOH was $21,300 and Fixed FOH was $9.800 Variable S&A was $$28.000 and Fixed S&A was $17,000 This month Sparky made and sold 9,500 units. Actual costs were: DM: 38,200 pounds were purchased and used at a cost of $3.80 per pound DL: 4,720 DL hours were used at a total cost of $84,016 Variable FOH was $21,300 and Fixed FOH was $9,800 Variable S&A was $$28,000 and Fixed S&A was $17,000 Actual Sales were $$474,000 When Sparky prepares his flexible budget for this month, the budgeted net income will be $_
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