The following budgeted cost information is for 2013 when

Assignment Help Accounting Basics
Reference no: EM13577197

The following budgeted cost information is for 2013, when revenue is expected to be $201,600:

  • Direct Materials                                  30,240
  • Direct Labor (all variable)                     18,144
  • Variable overhead                               40,320
  • Fixed overhead                                   15,935
  • Variable selling and administration          8,064
  • Fixed selling and administration              15,760

If budgeted revenue and cost relationships dont change in 2013 but actual revenue turns out to be $246,400, what will profit be?

Reference no: EM13577197

Questions Cloud

The annual incomes of unique another firm similar to ellys : the annual incomes of the five vice presidents of ellys industries are 41000 38000 32000 33000 and 50000. the annual
In a suburban area past records revealed that 50 percent of : in a suburban area past records revealed that 50 percent of all the high school graduates go to college. from 20
A run a linear regression of hp on mi r and v and obtain a : the table below contains average house prices median income average monthly rent and percentage of flats that are
A study of the net sales of a sample of small corporations : a study of the net sales of a sample of small corporations revealed that the mean net sales is 2.1 million the median
The following budgeted cost information is for 2013 when : the following budgeted cost information is for 2013 when revenue is expected to be 201600 direct materials nbsp nbsp
The 4 canon operators are paid 810 an hour each they work a : the lansing community college registrars office is considering replacing some canon copiers with faster copiers
5of car made at plant a have a malfuction what is the : a automobile manufacturer produces 77 of its cars at plant a. 5 of car made at plant a have a malfuction. what is
A interpret the slope in the context of the problem b : a researcher wants to know how consumption spending responds to changes in disposable income.nbsp the researcher
The rate per mile reflects the fact that more miles result : preston concrete is a major supplier of concrete to residential and commercial builders in the pacific northwest. the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Estimate the amount of manufacturing overhead cost

For both March and June, estimate the amount of manufacturing overhead cost added to production. The company had no underapplied or overapplied overhead in either month.

  Buhner company constructed a building at a cost of 3000000

buhner company constructed a building at a cost of 3000000 and occupied it beginning in january 1995. it was estimated

  Overhead rates per direct-labor hour

Calculate the overhead rates per direct-labor hour for the Etching Department and the Finishing Department. Usethe direct method to allocate service department.

  What is the adjusting entry for the accrued interest

On November 1, Carter Company signed a 120-day, 10% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note?

  The nelson company has 1690000 in current assets and 650000

the nelson company has 1690000 in current assets and 650000 in current liabilities. its initial inventory level is

  In its second year the company needed to get rid of excess

the following information is available for captain spa a manufacturer of above-ground spa

  Consolidated financial statements

According to US GAAP, what should be the basis for reporting the assets and liabilities of Small within consolidated financial statements created on the date of acquisition?

  Weiss company sold merchandise for which it received total

weiss company sold merchandise for which it received total cash payments of 642000. a 7 sales tax was included in the

  Determining partnership interest

At the end of the year, Marianne's share of partnership liabilities decreased by $30,000. Assuming loss limitation rules do not apply, Marianne's basis in the partnership interest at the end of the year is:

  After-tax rate of return to an investor

A bond issued by the State of Pennsylvania provides a 7% yield. What yield on a Synthetic Chemical Company bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 35% tax bracket?

  Basics of income tax expense

Although White fully expects to earn in excess of $100,000 in year 2 and year 3, the company believes it is more likely than not that it will incur a loss after year 3. The enacted tax rate is 25% in current and future periods. What will White rec..

  Prepare lipman auto parts cash budget

Prepare Lipman Auto Parts cash budget for January and February.

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