Question
In: Accounting
13. CK Shop has prepared the following flexible budget for October and would like to interpret...
13.
CK Shop has prepared the following flexible budget for October and would like to interpret the variances.
Flexible ------------Variances-------------
Budget Price Efficiency
Material A $20,000 $1,000U $3,000U
Material B 40,000 500U 1,000F
Direct manufacturing labor 40,000 500U 2,500F
The MOST likely explanation of the above variances for Material A is that
Select one:
a.
a lower price than expected was paid for Material A.
b.
Material A used during September was $2,000 less than expected.
c. the company used a higher-priced supplier.
d. high-quality raw materials were used than were planned.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Crosby ltd has prepared the following flexible budget for the coming year. The budgeted level of...
Crosby ltd has prepared the following flexible budget for the
coming year. The budgeted level of activity is 5,000 units
sales 125,000
Direct material 37,5000
Direct labour 30,000
Variable overheads 15,000
Fixed overheads 20,000
profit 22,000
If the budget is flexed to a level of activity of 7,500 units,
what would be the budgeted total cost be?
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 18,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$165,600
Power and light
5,760
Indirect materials
46,800
Total variable overhead
cost
$218,160
Fixed overhead cost:
Supervisory salaries
$76,360
Depreciation of plant and equipment
48,000
Insurance and property taxes
30,540
Total fixed overhead
cost
154,900
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 9,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$76,500
Power and light
2,790
Indirect materials
21,600
Total variable overhead
cost
$100,890
Fixed overhead cost:
Supervisory salaries
$35,310
Depreciation of plant and equipment
22,200
Insurance and property taxes
14,120
Total fixed overhead
cost
71,630
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 14,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$133,000
Power and light
6,440
Indirect materials
30,800
Total variable overhead
cost
$170,240
Fixed overhead cost:
Supervisory salaries
$59,580
Depreciation of plant and equipment
37,450
Insurance and property taxes
23,830
Total fixed overhead
cost
120,860
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 13,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$122,200
Power and light
4,160
Indirect materials
35,100
Total variable overhead
cost
$161,460
Fixed overhead cost:
Supervisory salaries
$56,510
Depreciation of plant and equipment
35,520
Insurance and property taxes
22,600
Total fixed overhead
cost
114,630
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 15,000 hours of
productive capacity in the department:
Variable overhead costs:
Indirect factory labor
$118,500
Power and light
6,900
Indirect materials
42,000
Total variable overhead
cost
$167,400
Fixed overhead costs:
Supervisory salaries
$58,590
Depreciation of plant and equipment
36,830
Insurance and property taxes
23,440
Total fixed overhead
cost
118,860
Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 20,000 hours of
productive capacity in the department:
Variable overhead costs:
Indirect factory labor
$180,000
Power and light
12,000
Indirect materials
64,000
Total variable overhead
cost
$256,000
Fixed overhead costs:
Supervisory salaries
$ 80,000
Depreciation of plant and equipment
50,000
Insurance and property taxes
32,000
Total fixed overhead
cost
162,000
Total...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 10,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$87,000
Power and light
4,400
Indirect materials
31,000
Total variable overhead
cost
$122,400
Fixed overhead cost:
Supervisory salaries
$42,840
Depreciation of plant and equipment
26,930
Insurance and property taxes
17,140
Total fixed overhead
cost
86,910
Total factory...
1) Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the...
1)
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 18,000 hours of
productive capacity in the department:
Variable overhead cost:
Indirect factory labor
$158,400
Power and light
6,120
Indirect materials
46,800
Total variable overhead
cost
$211,320
Fixed overhead cost:
Supervisory salaries
$73,960
Depreciation of plant and equipment
46,490
Insurance and property taxes
29,580
Total fixed overhead
cost
150,030
Total...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget
Leno Manufacturing Company prepared the following factory
overhead cost budget for the Press Department for October of the
current year, during which it expected to require 9,000 hours of
productive capacity in the department:
Variable overhead costs:
Indirect factory labor
$87,300
Power and light
3,780
Indirect materials
27,000
Total variable overhead
cost
$118,080
Fixed overhead costs:
Supervisory salaries
$41,330
Depreciation of plant and equipment
25,980
Insurance and property taxes
16,530
Total fixed overhead
cost
83,840
Total factory...
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