Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are:Fixed manufacturing costsVariable manufacturing costsO $812,000Best produced 40,000 squares of shingles during March. How much are budgetedtotal manufacturing costs in March if Best uses a STATIC budget?O $640,000$800,000$12,000$652,000$16.00 per square Point, Inc. produces men's shirts. The following budgeted and actual amounts are fo2016:CostDirect materials $26/unitDirect laborBudget at 2,500 unitsInstructions$28/unitFixed overhead $35,000Actual Amounts at 2,800units$75,00078,00034,500What are total budgeted costs for 2016 if a flexible budget is used

Variable Manufacturing Cost :— Variable Manufacturing Cost Vary per unit Basis. It is the one of the…

Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs Variable manufacturing costs $812,000 Best produced 40,000 squares of shingles during March. How much are budgeted total manufacturing costs in March if Best uses a STATIC budget? $640,000 O $800,000 $12,000 O $652,000 $16.00 per square

Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs Variable manufacturing costs $812,000 Best produced 40,000 squares of shingles during March. How much are budgeted total manufacturing costs in March if Best uses a STATIC budget? $640,000 O $800,000 $12,000 O $652,000 $16.00 per square

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 7EA: Each unit requires direct labor of 2.2 hours. The labor rate is $11.50 per hour and next years...

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Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per unit, direct labor of $3 per unit, and manufacturing overhead of $1 per unit. Fixed costs are $35,000. What would be the budgeted amounts for 20,000 and 25,000 units?
Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs 1.24 per pound, determine the direct materials purchases budget for January.
Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs 18 per hour, determine the direct labor cost budget for January.
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Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 18,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are: Â Prepare a sales budget, production budget. direct materials budget for silicon and solution, and a direct labor budget.
TIB makes custom guitars and prepared the following sales budget for the second quarter It also has this additional information related to its expenses: Direct material per unit $55, Direct labor per hour 20, Variable manufacturing overhead per hour 3.50, Fixed manufacturing overhead per month 3,000, Sales commissions per unit 20, Sales salaries per month 5,000, Delivery expense per unit 0.50, Utilities per month 4,000. Administrative salaries per month 20,000, Marketing expenses per month 8,000, Insurance expense per month 11,000, Depreciation expense per month 9,000. Prepare a sales and administrative expense budget for each month in the quarter ended June 30. 2018.
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