Acc/561 Wk5 Wileyplus E20-2, E20-5, Be21-4, E22-5

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Resource: WileyPLUS Exercise E20-2 Exercise E20-5 Brief Exercise BE21-4 Exercise E22-5 Question 1 Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ- 103 20,000 25,000 XQ-104 12,000 15,000 No changes in selling prices are anticipated. Complete the sales budget for the 2 quarters ending June 30, 2010. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in…show more content…
Question 3 Hannon Company expects to produce 1,200,000 units of Product XX in 2010. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Complete the flexible manufacturing budget for the relevant range value using 20,000 unit increments. HANNON COMPANY Monthly Flexible Manufacturing Budget For the Year 2010 Activity level 80,000 100,000 120,000 Finished goods Variable costs Direct materials $320,000 $400,000 $480,000 Direct labor 480,000 600,000 720,000 Overhead 640,000 800,000 960,000 Total variable costs $1,440,000 $1,800,000 $2,160,000 Fixed costs Depreciation 200,000 200,000 200,000 Supervision 100,000 100,000 100,000 Total fixed costs 300,000 300,000 300,000 Total costs $1,740,000 $2,100,000 $2,460,000 Depreciation: $2 × 1,200,000 ÷ 12 Supervision: $1 × 1,200,000 ÷ 12 Question 4 Compute the total materials variance and the price and quantity variances. Total materials variance $3,400

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