ATC 8-6 Spreadsheet Assignment Using Excel Irvine Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $48.00 Materials cost 12.00 Labor cost 6.00 Overhead cost 8.40 Selling, general, and administrative costs 9.60 Expected fixed costs Manufacturing overhead $180,000 Selling, general, and administrative 72,000 Irvine planned to make and sell 30,000 copies of the book. Page Required Construct a spreadsheet like the one shown in Exhibit 8.1 to illustrate a static budget and a flexible budget for production volumes of 28,000, 29,000, 30,000, 31,000, and 32,000.
ATC 8-6 Spreadsheet Assignment Using Excel Irvine Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $48.00 Materials cost 12.00 Labor cost 6.00 Overhead cost 8.40 Selling, general, and administrative costs 9.60 Expected fixed costs Manufacturing overhead $180,000 Selling, general, and administrative 72,000 Irvine planned to make and sell 30,000 copies of the book. Page Required Construct a spreadsheet like the one shown in Exhibit 8.1 to illustrate a static budget and a flexible budget for production volumes of 28,000, 29,000, 30,000, 31,000, and 32,000.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...
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