Malmo, Inc. manufactures travel locks. The budgeted selling price is $12 per lock, the variable cost is $6 per lock, and budgeted fixed costs are $14,000 per mo Prepare a flexible budget for output levels of 3,000 locks and 10,000 locks for the month ended April 30, 2018. Malmo, Inc. Flexible Budget For the Month Ended April 30, 2018 Budget Amounts Per Unit Units 3,000 10,000

Malmo, Inc. manufactures travel locks. The budgeted selling price is $12 per lock, the variable cost is $6 per lock, and budgeted fixed costs are $14,000 per mo Prepare a flexible budget for output levels of 3,000 locks and 10,000 locks for the month ended April 30, 2018. Malmo, Inc. Flexible Budget For the Month Ended April 30, 2018 Budget Amounts Per Unit Units 3,000 10,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12PA: Before the year began, the following static budget was developed for the estimated sales of 100,000....

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Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?
Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half pound of material, which costs $1.20 per pound. The companys policy is to have enough material on hand to equal 10% of the next months production needs and to maintain a finished goods inventory equal to 25% of the next months production needs. What is the budgeted cost of purchases for March?
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Cloud Shoes manufactures recovery sandals and is planning on producing 12.000 units in March and 11,500 in April. Each sandal requires 1.2 yards if material, which costs $3.00 per yard. The companys policy is to have enough material on hand to equal 15% of next months production needs and to maintain a finished goods inventory equal to 20% of the next months production needs. What is the budgeted cost of purchases for March?
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