Please help me to solve this problem In September, 67,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable costwas 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costsbefore fixed costs.)BLOSSOM COMPANYAssembling DepartmentFlexible Budget ReportFor the Month Ended September 30, 2022DiffFavUnfaNeithernor UnActual Costs$$Budget$$$ Variable costsDirect materialsDirect laborIndirect materialsIndirect laborUtilitiesMaintenanceTotal variable$54,180 $53,080 $1,100 Favorable60,480 57,0803,400 Favorable30,24030,440 200 Unfavorable21,420 21,020400 Favorable18,90018,800100 Favorable10,08010,440360 Unfavorable195,300 190,8604,440 Favorable11,100 11,100-0-Neither Favorable nor Unfavorable16,000 16,000 -0- Neither Favorable nor Unfavorable6,8006,800 -0- Neither Favorable nor Unfavorable33,900 33,900 -0- Neither Favorable nor Unfavorable$229,200 $224,760 $4,440 FavorableTotal costsThe monthly budget amounts in the report were based on an expected production of 63,000 units per month or 756,000 units peryear. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. Thecompany president, however, is unhappy with the results for August because only 61,000 units were produced.Fixed costsRentSupervisionDepreciationTotal fixed

Budget is an an beginning and basic part part of accounting as it is a pre-planning on upcoming…

In September, 67,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) BLOSSOM COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2022 Diff Fav Unfa Neither Actual Costs nor Un $ Budget $ $

In September, 67,000 units were produced. Prepare the budget report using flexible budget data, assuming (1) each variable cost was 10% higher than its actual cost in August, and (2) fixed costs were the same in September as in August. (List variable costs before fixed costs.) BLOSSOM COMPANY Assembling Department Flexible Budget Report For the Month Ended September 30, 2022 Diff Fav Unfa Neither Actual Costs nor Un $ Budget $ $

Accounting (Text Only)

26th Edition

ISBN:9781285743615

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter21: Cost Behavior And Cost-volume-profit Analysis

Section: Chapter Questions

Problem 21.26EX: Items on variable costing income statement In the following equations, based on the variable costing...

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Particulars Standard Actual Output in units 1,200 units 1,100 units Variable overheads $6,000 $7,000 Labor hours 12,000 hours 18,000 hours Calculate Variable overhead expenditure variance Choose option: A) 2,000 (F) B) 2,000 (A) C) 9,000 (A) D) 9,000 (F)
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nformation about direct materials cost follows for a local company: Standard price per materials gram $ 20 Actual quantity used 2,760 grams Standard quantity allowed for production 2,900 grams Price variance $ 19,320 F Required: What was the actual purchase price per gram?
Dorilane – Original Cost Structure (connect given data) Total Dollars (per connect) Per unit/set (divide by full capacity) show 2 decimals Helpful Hints (**) Sales $520.00 Variable Costs: Direct Material 434000 108.50 variable and direct Direct Labor 94000 23.50 variable and direct Variable Overhead 66000 16.50 variable and indirect Variable S&A 65000 16.25 variable and period Total Variable Costs 659000 164.75 Fixed Overhead 221000 fixed and indirect Fixed S&A 211000 fixed and period Total Fixed Costs 432000 Year 1 4000 sales of sets/units and 4000 productions of sets/unit Use the table below to prepare a traditional (absorption costing) income statement assuming Dorilane Company produced and sold at full capacity for year 1 only. You should have numbers in each pale blue cell. Dorilane Income Statement (Absorption Costing) For…
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