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Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the...
Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants to begin using a flexible budgeting system, rather than use only the current master budget. The following data are available for AP’s expected costs at production levels of 82,000, 96,000, and 110,000 units.
| Variable costs | ||
| Manufacturing | $6 per unit | |
| Administrative | $3 per unit | |
| Selling | $1 per unit | |
| Fixed costs | ||
| Manufacturing | $157,000 | |
| Administrative | $85,000 |
Prepare a flexible budget for each of the possible production levels: 82,000, 96,000, and 110,000 units. (List variable costs before fixed costs.)
Solutions
ekkarill92 answered 1 year agoRelated Solutions
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control over operations, the president of AP wants to begin using a
flexible budgeting system, rather than use only the current master
budget. The following data are available for AP’s expected costs at
production levels of 86,000, 99,000, and 112,000 units.
Variable costs
Manufacturing
$7 per unit
Administrative
$4 per unit
Selling
$2 per unit
Fixed costs
Manufacturing
$139,000
Administrative
$72,000
Prepare a flexible budget for each of the...
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improve control over operations, the president of AP wants to begin
using a flexible budgeting system, rather than use only the current
master budget. The following data are available for AP’s expected
costs at production levels of 89,000, 103,000, and 117,000 units.
Variable costs Manufacturing $7 per unit Administrative $4 per unit
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Administrative $77,000
Prepare a flexible budget for each of the...
Contribution Margin Variance Iliff, Inc., produces and sells two types of countertop ovens—the toaster oven and...
Contribution Margin Variance
Iliff, Inc., produces and sells two types of countertop
ovens—the toaster oven and the convection oven. Budgeted and actual
data for the two models are shown below.
Budgeted Amounts:
Toaster
Oven
Convection
Oven
Total
Sales:
($90 × 26,500)
$2,385,000
($151 × 16,000)
$2,416,000
$4,801,000
Variable expenses
470,000
670,000
1,140,000
Contribution margin
$1,915,000
$1,746,000
$3,661,000
Actual Amounts:
Toaster
Oven
Convection
Oven
Total
Sales:
($83 × 25,500)
$2,116,500
($165 × 12,000)
$1,980,000
$4,096,500
Variable expenses
535,200
739,000
1,274,200
Contribution...
Contribution Margin Volume Variance Iliff, Inc., produces and sells two types of countertop ovens—the toaster oven...
Contribution Margin Volume Variance
Iliff, Inc., produces and sells two types of countertop
ovens—the toaster oven and the convection oven. Budgeted and actual
data for the two models are shown below.
Budgeted Amounts:
Toaster
Oven
Convection
Oven
Total
Sales:
($100 × 29,500)
$2,950,000
($149 × 14,500)
$2,160,500
$5,110,500
Variable expenses
460,000
800,000
1,260,000
Contribution margin
$2,490,000
$1,360,500
$3,850,500
Actual Amounts:
Toaster
Oven
Convection
Oven
Total
Sales:
($82 × 25,000)
$2,050,000
($157 × 13,500)
$2,119,500
$4,169,500
Variable expenses
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658,900
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Caterpillar Inc. Crawls Over the Competition with Product Development Caterpillar Inc. is a global manufacturer of...
Caterpillar Inc. Crawls Over the Competition with Product
Development
Caterpillar Inc. is a global manufacturer of construction and
mining equipment, machinery, and engines. The company is best known
for its more than 300 machines, including trac- tors, forest
machines, off-highway trucks, wheel dozers, and underground mining
machines. Many of these machines are sold under the Cat brand,
which consists of a Cat logo with the yellow pyramid over part of
the “A.” Since Caterpillar’s
machines and equipment are by far...
Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture...
Security Technology Inc. (STI) is a manufacturer of an
electronic control system used in the manufacture of certain
special-duty auto transmissions used primarily for police and
military applications. The part sells for $55 per unit and has
sales of 24,000 units in the current yeard, 2018. STI has no
inventory on hand at the beginning of 2018 and is projecting sales
of 26,000 units in 2019. STI is planning the same production level
for 2019 as in 2018, 25000 units...
Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture...
Security Technology Inc. (STI) is a manufacturer of an
electronic control system used in the manufacture of certain
special-duty auto transmissions used primarily for police and
military applications. The part sells for $56 per unit and had
sales of 24,050 units in the current year, 2018. STI has no
inventory on hand at the beginning of 2018 and is projecting sales
of 26,150 units in 2019. STI is planning the same production level
for 2019 as in 2018, 25,100 units....
Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture...
Security Technology Inc. (STI) is a manufacturer of an
electronic control system used in the manufacture of certain
special-duty auto transmissions used primarily for police and
military applications. The part sells for $58 per unit and had
sales of 24,150 units in the current year, 2018. STI has no
inventory on hand at the beginning of 2018 and is projecting sales
of 26,450 units in 2019. STI is planning the same production level
for 2019 as in 2018, 25,300 units....
Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture...
Security Technology Inc. (STI) is a manufacturer of an
electronic control system used in the manufacture of certain
special-duty auto transmissions used primarily for police and
military applications. The part sells for $44 per unit and had
sales of 24,750 units in the current year, 2015. STI has no
inventory on hand at the beginning of 2015 and is projecting sales
of 28,250 units in 2016. STI is planning the same production level
for 2016 as in 2015, 26,500 units....
Security Technology Inc. (STI) is a manufacturer of an electronic control system used in the manufacture...
Security Technology Inc. (STI) is a manufacturer of an
electronic control system used in the manufacture of certain
special-duty auto transmissions used primarily for police and
military applications. The part sells for $61 per unit and had
sales of 24,300 units in the current year, 2018. STI has no
inventory on hand at the beginning of 2018 and is projecting sales
of 26,900 units in 2019. STI is planning the same production level
for 2019 as in 2018, 25,600 units....
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