Bob and Sons' static budget for 10,000 units of production includes P50,000 for direct materials, P44,000 for direct labor, utilities of P5,000, and supervisor salaries of P15,000. A flexible budget for 12,000 units of production would show:      A. Direct materials of P60,000, direct labor of P52,800, utilities of P6,000, and supervisor salaries of P18,000   B. The same cost structure in total   C. Total variable costs of P136,800   D. Direct materials of P60,000, direct labor of P52,800, utilities of P6,000, and supervisor salaries of P15,000

Q: Using the following budgeted information for production of 11,000 and 16,000 units, prepare a…

A: The costs incurred in the production are categorized as variable or fixed cost.

Q: Tanya Inc.’s static budget for 10,000 units of production includes P60,000 for direct materials,…

A: A flexible budget is prepared by modifying the static budget according to a different volume or…

Q: Jones Company developed the following static budget at the beginning of the company's accounting…

A: Variable cost per unit = Total Variable costs / No. of units = $5,250 / 10,500 units = $0.50 per…

Q: The following partial budget versus actual report was prepared for Otis the Great, a manufacturer of…

A: Static Budget Sales revenue = $108,000 - $18,000 = $90,000 Selling price = $90,000 / 50,000 = $1.80…

Q: Hubbard, Inc.'s static budget at 3,000 units of production includes $12,000 for direct labor, $3,000…

A: Budget is prepared by the management on the basis of past experience. On the basis of the budget, It…

Q: Amanda Manufacturing Company prepared the following static budget income statement:…

A: Formula: Net Income = Contribution margin - Fixed costs Deduction of fixed costs from contribution…

Q: The fixed budget for 20,300 units of production shows sales of $609,000; variable costs of $60,900;…

A: Fixed cost refers to those cost which remains same at every level of output i.e. it doesn't vary…

Q: The fixed budget for 21,000 units of production shows sales of $462,000; variable costs of $63,000;…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Shane Industries prepared a fixed budget of 60,000 direct labor hours, with estimated overhead costs…

A: Variable cost per direct labor hour = $300,000 / 60,000 DLHs = $5 per DLH

Q: Bryant Company’s budgeted prices for direct materials, direct manufacturing labor, and direct…

A: Static Budget Variance Static Budget Variance is refer as the difference between actual result and…

Q: Miller and Sons' static budget for 10,200 units of production includes $44,400 for direct materials,…

A: Flexible Budget: A flexible budget is a budget which by recognizing the difference in behavior…

Q: Miller and Sons' static budget for 10,000 units of production includes $50,000 for direct materials,…

A: Answer and calculations are given below

Q: Laurie Inc.’s static budget for 10,000 units of production includes $60,000 for direct materials,…

A: A flexible budget is that budget which includes all the flexibility and change in the output. In…

Q: Chambers, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing…

A: Variable manufacturing overhead per unit = Total Variable manufacturing overhead / total units =…

Q: Delaware Corp. prepared a master budget that included $22140 for direct materials, $28,000 for…

A: The fixed cost for flexible budget is similar to flexible cost for master budget.

Q: Miller and Sons' static budget for 10,500 units of production includes $44,700 for direct materials,…

A:

Q: At 18,000 direct labor hours, the flexible budget for indirect materials is $36,000. If $37,400 are…

A: Definition:   Variance Analysis: Variance analysis is the process of evaluating the differences…

Q: old X, Inc. uses the following information when preparing their flexible budget: direct materials of…

A: Solution: Flexible budget is the budget which represents budgeted cost at different levels of…

Q: At 12,000 units of production, a flexible budget would show: *

A: A budget is a financial plan which is associated with future. It is prepared for the organization as…

Q: Miller and Sons' static budget for 9,600 units of production includes $35,400 for direct materials,…

A: Direct material cost per unit = Direct material cost / Total units = $35,400 / 9,600 units = $3.6875…

Q: Coleman Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct…

A: Given, Coleman Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for…

Q: 7. Toews Ltd has prepared the following flexible budget for the coming year. The Budgeted level of…

A: The variable cost changes with level of production but fixed cost remains constant at every level of…

Q: Kahn & Loshonkohl static budget for 10,000 units of production includes $60,000 for direct…

A: Introduction:-  A flexible budget uses the revenues and expenses produced in the current production…

Q: Chelsa Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct…

A: Variable cost per unit remains same at 5,000 units and 8,000 units of production. Total fixed cost…

Q: Miller and Sons' static budget for 9,800 units of production includes $40,400 for direct materials,…

A: Flexible budget: It implies to a financial plan that shows the estimated expenses and revenue at the…

Q: Jase Manufacturing Co.'s static budget for 10,000 units of production includes $40,000 for direct…

A: Direct labor cost per unit = Total Direct labor cost  / Total no. of unit = $40000/10000 units = $4…

Q: Miller and Sons' static budget for 10,100 units of production includes $38,300 for direct materials,…

A: The correct answer is Option (b).

Q: Prepare a flexible production budget for the year ending December 31 for Cedar Jeans Company using…

A: Introduction:   A flexible budget is one that changes depending on the activity or volume levels of…

Q: Jase Manufacturing Co.'s static budget at 7,800 units of production includes $23,400 for direct…

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  FIxed cost…

Q: K Company created a set budget of 50,000 direct labour hours, with variable overhead expenses of…

A: The variable costs are changed with the level of production and fixed costs remains constant for…

Q: Using the following budgeted information for production of 9,000 and 16,000 units, prepare a…

A: Total expenses = Expense A + Expense B + Expense C

Q: Blossom, Inc. prepared the following master budget items for July: Production and sales 22,000 units…

A: The flexible budget is prepared for actual units produced with budgeted rates.

Q: A company’s flexible budget for 12,000 units of production showed total contribution margin of…

A: Contribution margin per unit  = Total Contribution margin at flexible budget/Flexible budget units…

Q: Prepare a flexible budget for production for 15,000 and 20,000 units and         indicate cost per…

A:

Q: Tillman Manufacturing Co.'s static budget at 32,000 units of production includes $112,000 for direct…

A: Static budget is the budget which is prepared for only one or fixed level of production. It is also…

Q: A company’s flexible budget for 16,000 units of production showed sales, $96,000; variable costs,…

A: A fixed cost is one who doesn't change in response to activities. It must be paid on a recurring…

Q: Miller and Sons' static budget for 9,800 units of production includes $39,300 for direct materials,…

A: Ans a Direct materials of $54,138, direct labor of $67,913, utilities of $8,679, and supervisor…

Q: Amanda Manufacturing Company prepared the following static budget income statement:…

A: A static budget is a type of budget that anticipates a fixed amount in sales, revenue and expenses.…

Q: [The following information applies to the questions displayed below.] The fixed budget for 21,400…

A: Sales per unit = Total sales / No. of units sold = 470800/21400 = $22 per unit Variable cost per…

Q: Calculate what Jordan Manufacturing Co.'s Flexible Budget would be at an estimate of 9,000 units,…

A: Variable costs are those costs which changes with change in level of activity. Fixed costs are those…

Q: Kevin Jarvis Industries produced 192,000 units in 90,000 direct labor hours. Production for the…

A: The correct answer is Option (4).

Q: Allen Company’s master budget called for 50,000 units of production.  Budgeted direct material costs…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: Prepare a departmental flexible overhead budget for 30,000 machine hours and for 40,000 machine…

A: A flexible budget adjusts to changes in actual production levels. Actual production or other…

Q: Canucks plc has prepared the following flexible budget for the coming year. The Budgeted level of…

A: Budgeted Cost: In business, a budgeted cost is an estimate of the expenditures that a firm…

Q: After selling 4,320 units during the period, Dole Corp. prepared a flexible budget that included…

A: The master budget incorporates all lower-level budgets developed by a company's numerous functional…

Q: Q11 M Company prepared a static budget of 50,000 direct labor hours, with estimated overhead costs…

A: The variable costs are changed with the level of production and fixed costs remains constant for…

Q: Miller and Sons' static budget for 10,300 units of production includes $36,400 for direct materials,…

A: Flexible budget = (static budget/static budget units)*flexible budget units

Q: Cherokee Manufacturing Company established the following standard price and cost data:…

A: Introduction: A pro forma income report is a report that indicates a company's adjusted income after…

Q: Delaware Corp. prepared a master budget that included $18,360 for direct materials, $28,200 for…

A:

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.