Flexible budget cost formula for indirect materials

Assignment Help Financial Management

Reference no: EM131025619

Muntjac Corporation's flexible budget cost formula for indirect materials, a variable cost, is $0.75 per unit of output. Assume that actual units produced equals standard units produced. If the company's performance report for last month shows a $250 unfavorable spending variance for indirect materials and if 3,000 units of output were produced last month, then the actual costs incurred for indirect materials for the month must have been $______. l

You must include your calculations

Reference no: EM131025619

Questions Cloud

Ifrs convergence projects of the fasb and iasb : Active GAAP and IFRS Convergence projects of the FASB and IASB. Potential impact on business and the accounting profession of changes in accounting standards or securities laws.

How much total interest is earned on the original deposit : Interest on Interest Consider a 1200 deposit earning a 6 percent interest rate per year for 9 years? How much total interest is earned on the original deposit (excluding interest earned on interest)?

Find the density function for t : The number of arrivals N at a supermarket checkout counter in the time interval from 0 to t follows a Poisson distribution with mean λt. Let T denote the length of time until the first arrival. Find the density function for T.

Identifying letter of best description : In each blank next to the following terms, place the identifying letter of its best description.

Flexible budget cost formula for indirect materials : Muntjac Corporation's flexible budget cost formula for indirect materials, a variable cost, is $0.75 per unit of output. Assume that actual units produced equals standard units produced. If the company's performance report for last month shows a $250..

Determine the best shape for containers : You have been asked to determine the best "shape" for containers - in other words, can you determine which containers (regular prisms or cylinder) hold 20 ounces but can be produced at the best price.

Post to the ledger accounts : Bridgette uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 301 Owner's Capital, No. 400 Service Revenue, No. 726 Salaries and Wages E..

Another manufacturer has offered to supply the part annually : Gerenuk Company currently produces a key part at a total cost of $120,000. Annual variable costs are $35,000. Of the annual fixed costs, $12,000 relate specifically to this part. The remaining fixed costs are unavoidable. Alternatively, the facilitie..

Describes the behavior of the system : Use the MATLAB command conv to calculate the response of the system

User Account

All Pages