Question
In: Accounting
A company's flexible budget for 5,732 units of production showed sales $112,768; variable costs $42,130; and...
A company's flexible budget for 5,732 units of production showed sales $112,768; variable costs $42,130; and fixed costs $22,109. The flexible budget operating income expected if the company produces and sells 4,249 units is: Answer to nearest whole dollar without any commas, decimal points, or words (e.g. 1000 not 1,000.00 or increase 1000). Enter a negative number as -10 not (10).
Solutions
Expert Solution
|
Flexible budget at |
||||
|
5732 units |
4249 units |
|||
|
Per Unit |
Total |
|||
|
Sales |
$ 19.67 |
$ 112,768 |
$ 83,592 |
|
|
Variable cost |
$ 7.35 |
$ 42,130 |
$ 31,230 |
|
|
Contribution margin |
$ 12.32 |
$ 70,638 |
$ 52,362 |
|
|
Fixed Cost |
$ 22,109 |
$ 22,109 |
||
|
Operating Profit |
$ 48,529 |
$ 30,253 |
||
Net operating income at 4249 units sale =$ 30253
Alternative solution
|
Flexible budget at |
||||
|
5732 units |
4249 units |
|||
|
Per Unit |
Total |
|||
|
Sales |
$ 19.67 |
$ 112,768 |
$ 83,578 |
|
|
Variable cost |
$ 7.35 |
$ 42,130 |
$ 31,230 |
|
|
Contribution margin |
$ 12.32 |
$ 70,638 |
$ 52,348 |
|
|
Fixed Cost |
$ 22,109 |
$ 22,109 |
||
|
Operating Profit |
$ 48,529 |
$ 30,239 |
||
Net operating income at 4249 units sale =$30239
ekkarill92 answered 3 years agoRelated Solutions
A company's flexible budget for 5,732 units of production showed sales $112,768; variable costs $42,130; and...
A company's flexible budget for 5,732 units of production showed
sales $112,768; variable costs $42,130; and fixed costs $22,109.
The flexible budget operating income expected if the company
produces and sells 4,249 units is: Answer to nearest whole dollar
without any commas, decimal points, or words (e.g. 1000 not
1,000.00 or increase 1000). Enter a negative number as -10 not
(10).
1)A company’s flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and...
1)A company’s flexible budget for 12,000 units of production
showed sales, $48,000; variable costs, $18,000; and fixed costs,
$16,000. The variable costs expected if the company produces and
sells 16,000 units is:
Multiple Choice
$48,000.
$64,000.
$40,000.
$24,000.
$18,000.
2)A company’s flexible budget for 12,000 units of production
showed sales, $48,000; variable costs, $18,000; and fixed costs,
$16,000. The contribution margin expected if the company produces
and sells 16,000 units is:
Multiple Choice
$48,000.
$64,000.
$40,000.
$24,000.
3) =
Hassock...
1. A company's flexible budget for the range of 26,000 units to 40,000 units of production...
1. A company's
flexible budget for the range of 26,000 units to 40,000 units of
production showed variable overhead costs of $3.80 per unit and
fixed overhead costs of $69,000. The company incurred total
overhead costs of $169,400 while operating at a volume of 40,000
units. The total controllable cost variance is:
2. Parallel
Enterprises has collected the following data on one of its
products. During the period the company produced 25,000 units. The
direct materials price variance is:
Direct...
A flexible budget is: Group of answer choices A budget of semi-variable production costs only. Less...
A flexible budget is:
Group of answer choices
A budget of semi-variable production costs only.
Less suitable compared to a static budget when it comes to
setting standards.
Good for management flexibility in terms of meeting budget
goals.
A budget that is constructed at the same time as the static
budget
The same as a static budget with respect to its variable cost
per unit of output
Flexible Budget with Different Levels of Production Bowling Company budgeted the following amounts: Variable costs of...
Flexible Budget with Different Levels of Production
Bowling Company budgeted the following amounts:
Variable costs of production:
Direct materials
3 pounds @ $0.60 per pound
Direct labor
0.5 hr. @ $16.00 per hour
VOH
0.5 hr. @ $2.20
FOH:
Materials handling
$6,200
Depreciation
$2,600
Required:
Prepare a flexible budget for 2,500 units, 3,000 units, and
3,500 units.
Bowling Company
Flexible Budget
2,500
units
3,000
units
3,500
units
Direct materials
$
$
$
Direct labor
Variable overhead
Fixed overhead:
Materials handling...
RTI Company’s master budget calls for production and sale of 18,200 units for $83,720, variable costs...
RTI Company’s master budget calls for production and sale of
18,200 units for $83,720, variable costs of $32,760, and fixed
costs of $20,000. During the most recent period, the company
incurred $32,200 of variable costs to produce and sell 20,000 units
for $85,200. During this same period, the company earned $25,200 of
operating income.
Required:
1. Determine the following for RTI Company: (Do not
round intermediate calculations. Round your answers to the nearest
whole dollar.)
a. Flexible-budget operating income.
b....
RTI Company’s master budget calls for production and sale of 18,100 units for $81,450, variable costs...
RTI Company’s master budget calls for production and sale of
18,100 units for $81,450, variable costs of $30,770, and fixed
costs of $18,000. During the most recent period, the company
incurred $34,100 of variable costs to produce and sell 18,000 units
for $84,000. During this same period, the company earned $23,000 of
operating income.
QUESTIONS:
1. Determine the following for RTI Company: (Do not
round intermediate calculations. Round your answers to the nearest
whole dollar.)
a. Flexible-budget operating income.
b....
RTI Company’s master budget calls for production and sale of 19,300 units for $98,430; variable costs...
RTI Company’s master budget calls for production and sale of
19,300 units for $98,430; variable costs of $44,390; and fixed
costs of $18,600. During the most recent period, the company
incurred $33,300 of variable costs to produce and sell 18,600 units
for $86,300. During this same period, the company earned $26,300 of
operating income. (Do not round intermediate calculations.
Round final answer to the nearest whole dollar.)
Required:
1.
Determine the following for RTI Company:
a.
Flexible-budget operating income.
b....
A static budget, based upon production of 10,000 units, showed an estimated direct labor budget of...
A static budget, based upon production of 10,000 units, showed
an estimated direct labor budget of $30,000 and depreciation budget
of $20,000. Direct labor costs are fully variable. The actual
direct labor and depreciation costs were $28,000 and $19,000 for
8,000 units.
Which total amount should be shown in the flexible budget for
direct labor and depreciation costs?
A. Complete a flexible budget for 20,000 units produced. Use the following information at a production...
A. Complete a flexible budget for 20,000 units produced. Use the
following information at a production level of 15,000 units to
complete the flexible budget:
Budgeted units
15,000
Revenue
$1,500,000
Expenses:
Wages and Salaries ($200,000 + $10Q)
$350,000
Utilities (variable)
$300,000
Depreciation (fixed)
$200,000
Total expenses
$850,000
Net operating income
$650,000
Q = units produced
Budgeted units
20,000
Revenue
Expenses:
Wages and Salaries ($200,000 + $10Q)
Utilities (variable)
Depreciation (fixed)
Total expenses
Net operating income
B. Calculate the activity variances...
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