uiz i2Required information[The following information applies to the questions displayed below.]The fixed budget for 20,900 units of production shows sales of $438,900; variable costs of $62,700; and fixed costs of$142,000.If the company actually produces and sells 27,300 units, calculate the flexible budget income.Contribution marginFlexible Budget---------Flexible Budget at ---Variable Amountper UnitTotal FixedCost20,900 units27,300 units< Prev3 4 of 8Next >

Sales per unit = Sales / units of production = $438,900 / 20,900= $21Variable cost per unit =…

Answered: uiz i 2 Required information [The…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required Information [The following information applies to the questions displayed below.] The fixed budget for 21,500 units of production shows sales of $559,000; variable costs of $64,500; and fixed costs of $142,000. If the company actually produces and sells 26,500 units, calculate the flexible budget Income. Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget-..... Variable Amount Total Fixed per Unit Cost $ 689,000 689,000 ------Flexible Budget at 21,500 units $ $ 0 0 26,500 units $ $ 0 0
Required information [The following information applies to the questions displayed below.] The fixed budget for 21,400 units of production shows sales of $470,800; variable costs of $64,200; and fixed costs of $141,000. If the company actually produces and sells 27,000 units, calculate the flexible budget income. ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount Total Fixed 21,400 units 27,000 units per Unit Cost Contribution margin
Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,900 units of production shows sales of $547,500; variable costs of $55,700; and fixed costs of $142,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 27,100 units, calculate the flexible budget income. Contribution margin. ----Flexible Budget------ Variable Amount Total Fixed per Unit Cost ------Flexible Budget at- 21,900 units 27,100 units
Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 20,900 units of production shows sales of $564,300; variable costs of $62,700; and fixed costs of $143,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 26,400 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Income ----Flexible Budget- Variable Amount per Unit $ 0 Total Fixed Cost 20,900 units $ Flexible Budget at $ 26,400 units OS 0$ 0 0
Required information [The following information applies to the questions displayed below] The fixed budget for 21,300 units of production shows sales of $639,000. variable costs of $63,900; and fixed costs of $142,000. If the company actually produces and sells 27,700 units, calculate the flexible budget income. Flexible Budget- Flexible Budget at Variable Amount per Unit Total Fixed Cost 21,300 units 27,700 units. Contribution margin
! Required information [The following information applies to the questions displayed below.] The fixed budget for 21,300 units of production shows sales of $617,700; variable costs of $63,900; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget------ Variable Amount per Unit $ 0 ▶▶▶ Total Fixed Cost 21,300 units $ ------Flexible Budget at $ 0 0 26,800 units $ $ 0 0
Required information [The following information applies to the questions displayed below.] The fixed budget for 20,800 units of production shows sales of $561,600; variable costs of $62,400; and fixed costs of $140,000. If the company actually produces and sells 26,200 units, calculate the flexible budget income. Contribution margin -Flexible Budget------ Variable Amount per Unit $ 0 Total Fixed Cost 20,800 units $ ---Flexible Budget at $ 0 0 26,200 units $ $ 0 0
Howard Cooper, the president of Finch Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal Year 1: Standard rate and variable costs Service rate per hour Labor cost Overhead cost Selling, general, and administrative cost. Expected fixed costs Facility maintenance Selling, general, and administrative Required: a. Prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 28,000 hours of services in Year 1. b. A marketing consultant suggests to Mr. Cooper that the service rate may affect the number of service hours that the firm can achieve. According to the consultant's analysis, if Finch charges customers $57 per hour, the firm can achieve 31,000 hours of services. Prepare a flexible budget using the consultant's assumption. c. The same consultant also suggests that if the firm…
Main,do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook Using the following budgeted information for production of 9,000 and 16,000 units, prepare a flexible budget for 17,000 units. Production 9,000 units 16,000 units Expense A $14,400 $25,600 Expense B 21,000 21,000 Expense C 45,000 #5,000 Total expenses $
Subject: cost accounting Q.10 From the following data, prepare flexible budget for production of 40000 units and75000 units, distinctly showing variable cost and fixed cost as well as total cost. Also indicateelements wise cost per unit. Budget output is 100000 units and budgeted cost per unit is asfollows-Direct material 95Direct labour 50Production overhead (variable) 40Production overhead (fixed) 05Administration overhead (fixed) 05Selling overhead (10% fixed) 10Distribution expenses (20% fixed) 15
Required information [The following information applies to the questions displayed below.] The fixed budget for 21,700 units of production shows sales of $455,700; variable costs of $65,100; and fixed costs of $143,000. If the company actually produces and sells 26,800 units, calculate the flexible budget income. -Flexible Budget- Flexible Budget at- Variable Amount Total Fixed per Unit Cont 26,800 units Sales Variable costs Contribution margin S 0 Fixed costs Income 21.700 units $ S 0 $ 0 S 0
! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] The fixed budget for 21,900 units of production shows sales of $481,800; variable costs of $65,700; and fixed costs of $141,000. QS 21-3 (Algo) Flexible budget income calculation LO P1 If the company actually produces and sells 26,600 units, calculate the flexible budget income. Sales ------Flexible Budget------ ------Flexible Budget at ------ Variable Amount per Unit Total Fixed Cost 21,900 units 26,600 units Variable costs 3 Contribution margin $ 23 $ 0 $ 0 Fixed costs $ Income 0 $ 0

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