Prepare flexible budget

Assignment Help Accounting Basics
Reference no: EM13258534

Manufacturer uses flexible budgets that are based on following:

DirectMaterials                      $8 per unit

DirectLabor                           $5 per unit

ElectricPower(variable)           $0.30 per unit

ElectricPower(fixed)                $4,000 per month

Supervisorsalaries                    $15,000 per month

Property taxes onfactory          $4,000 per month

Straight-linedepreciation           $2,900 per month

Prepare flexible budget for ABC Manufacturer on production of10,000, 15,000, and 20,000 units

Reference no: EM13258534

Questions Cloud

What do you think the impact is to the image management : After the occurrence of Hurricane Katrina, insurance companies refused to pay claims to insurance holders who paid premiums on time and had binding legal contracts.
Find the value of r and x of the circuit : A coil with impedence 8+j6Ω is connected in series with a capacitive reactance X. The series combination is connected in parallel with a resistor R. given that the equivalent impedence of the resulting circuit is 5/_0'Ω, find the value of R and X.
What is the cost of goods sold : A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume LIFO)?
Explain the normal boiling point for h2se is higher : The normal boiling point for H2Se is higher than the normal boiling point for H2S . This can be explained by
Prepare flexible budget : Prepare flexible budget for ABC Manufacturer on production of10,000, 15,000, and 20,000 units
What is the value of ending inventory : There was no inventoryat the beginning of the year. What is the value of ending inventory, assuming the use of direct costing?
Describe any equipment : Analyzing Jobs at Custom Carpet Cleaning As the Office Manager at Custom Carpet Cleaning, Bob Huffman must handle a wide range of responsibilities.
How much must they contribute to acheive a current ratio : If the owners of the company decide to contribute additional equity capital that will be invested in inventory, how much must they contribute to acheive a current ratio of 3.0?
Normal operations of the business : Cash and other assets that are expected to be converted tocash or sold or used up within one year or less through the normal operations of the business are called __________.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute shawn alternative minimum tax

Shawn, who is single and has no dependents, has a regular tax liability of $15,820, taxable income of $70,000, tax preferences of $25,000, and positive adjustments attributable to limitations on itemized deductions of $15,000. Shawn's alternative ..

  Basics of deferred tax amounts

Show how any deferred tax amounts should be classified and reported on the 2006 balance sheet. The tax rate is 40%.

  Determining the consolidated net income

Without regard for this investment, Keefe earns $300,000 in net income during 2006. What is consolidated net income for 2006?

  Case study of first chance casino

The First Chance Casino has a gambling facilities, bar, restaurant, and hotel. All employees are permited to obtain food from the restaurant at no charge throughtout working hours.

  Account analysis method used to determine cost behaviors

Which of the following costs would most likely be classified as variable assuming the account analysis method is used to determine cost behaviors?

  Determine the price to charge for inspecting

Texas has just passed a law making it mandatory to have every head of cattle inspected at least once a year for a variety of communicable diseases.

  What amounts were payable on each class of stock

At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000...

  Financial reports and business decisions

Suppose you have been employed into a new firm to oversee the accounting department. Explain what type of financial reports would you expect to see in your department?

  What is the break-even point in dollars

Innova Discs has two divisions-Standard and Premium. Each division has hundreds of different types of golf discs and disc golf products. The following information is available:

  What will the cost records for the year show

Houghton Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $200,000 and direct labor hours would be 2..

  Determining cash basis and accrual basis of accounting

Explain the difference between the cash basis and accrual basis of accounting. Explain the difference between the cash basis and accrual basis of accounting?

  Problem regarding lease or buy

Lease or buy: I can lease a building for $10,000 or buy for $800,000. The weighted average cost of capital is 12%. Which is cheaper buy or lease?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd