Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question:
Timothy Ltd uses a flexible budget for overhead costs. The company expects to produce 40,000 units of the product it manufactures. Each unit requires 0.40 direct labour hours. The cost formulas for each of the four overhead items (where X is measured in direct labour hours) are as follows:
Cost item:
Cost formula
Power
0.40X
Maintenance
$15,000 + 0.60X
Indirect labour
$18,000 + 2.50X
Rent
$20,000
(A) What are the flexible budget formulae for Willoughby Ltd?
(B) Prepare an overheads budget for the expected activity level for the coming year. Show each expense item separately with subtotals for variable and fixed overhead.
(C) Prepare an overheads budget that reflects production that is 25% lower than expected.
(D) In what way are flexible budgets different from static budgets? Why are flexible budgets better than static budgets for assessing performance?
A normal job-order costing system is a system that uses : A. actual costs for direct materials and estimated costs for direct labor and overhead B. estimated costs
Labour Costs and Overhead costs Labour Costs Labour costs can be indirect or direct labour costs. Direct labour cost refers to wages paid to workers who such are directly
what is cost center?
Outdoor Travel Inc. needs to estimate the cost of capital for the evaluation of capital expenditures. A typical project is financed with 25% debt-to-value ratio (i.e., D/(D+E) =
High-Low method of cost estimation and Number of Photocopies as the cost driver, what would be the resulting cost equation for Maintenance Costs?
question and answer: XYZ trading purchased 6,850 killos of material at a total cost of 21,920.00. The material price variance was 1,370.00 favorable. The standard price per killo w
What are investment appraisal methods when opening a new project?
fifo method
Question The statements of comprehensive income for three entities for the year ended 30 September 2009 are presented below: SOT PB UV
Are non-profit and governments required to depreciate assets? Why or why not? Would it make sense for them to use double declining balance? Is there a difference between a non-p
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd