MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
17th Edition
ISBN: 9781264343850
Author: Garrison
Publisher: MCG CUSTOM
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Chapter 9, Problem 10E
To determine
Concept Introduction:
Flexible Budget: The budget made to recognize the difference between fixed, semi-variable, and variable costs in accordance with the change in the level of activity attained is stated as a flexible budget. In order to prepare flexible costs, the first essential step is to segregate the cost into three categories; fixed costs, semi-variable, and variable costs. Fixed cost remains the same irrespective of the activity level. Variable cost and semi-variable changes as per the change in the activity level.
To prepare: The flexible budget for Company LR.
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Preparing a flexible budget and performance report
This continues the Piedmont Computer Company situation from Chapter 22. Assume Piedmont Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours:
During the month of September, Piedmont Computer Company incurred the following costs while manufacturing 1,100 PCC model tablets;
Requirements
Prepare a flexible budget for September for 900, 1,000, and 1,100 PCC model tablets. The tablet has a standard sales price of $675. List variable costs separately.
Using 1,000 PCC model tablets for the static budget, prepare a flexible budget performance report for September. Total sales revenue for the month was $767,800. The company sold 1,100 tablets.
What insights can the management of Piedmont Computer Company draw from the performance report?
PROBLEM 2 - Budgets for a
David, Inc. is preparing
production data have
April
Unit sales
400
Finished goods inventc
Raw materials inventor
Desired ending inventc
Finished goods:30% of
Raw materials:25% of r
Number of pounds of ra
Number of direct labor
Labor rate per hour: $1
Instructions:
a - Prepare the producti
produced during April a
b - Prepare the raw mat
materials should be pur
Prepar
the budgeted
*** PLEASE RESPOND REMAINING PARTS 6, 7 AND 8!!***
I asked for it last night and got answers for parts 1,2 and 3 that I had already.
The budget director of Gold Medal Co., with assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March:
1. Estimated sales for March:
Batting helmet 1,200 units at $40 per unit
Football helmet 6,500 units at $160 per units
2. Estimated inventories at March 1:
Direct materials: Finished products:
Plastic 90 lbs. Batting helmet 40 units at $25 per unit
Foam lining 80 lbs. Football helmet 240 units at $77 per unit
3. Desired inventories at March 31:
Direct materials: Finished products:
Plastic 50 lbs Batting helmet 50 units at $25 per unit
Foam lining 65 lbs Football helmet 220 units at $78 per unit
4. Direct materials used in…
Chapter 9 Solutions
MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
Ch. 9 - Prob. 1QCh. 9 - What is a flexible budget and how does it differ...Ch. 9 - Prob. 3QCh. 9 - Why is it difficult to interpret a difference...Ch. 9 - What is an activity variance and what does it...Ch. 9 - Prob. 6QCh. 9 - Prob. 7QCh. 9 - Prob. 8QCh. 9 - Prob. 9QCh. 9 - Prob. 10Q
Ch. 9 - The Excel worksheet form that appears below is to...Ch. 9 - The Excel worksheet form that appears below is to...Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Prob. 2F15Ch. 9 - Prob. 3F15Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Adger Corporation is a service company that...Ch. 9 -
L09-1, LO9-2, LO9-3
Adger Corporation is a...Ch. 9 - Prob. 8F15Ch. 9 - Adger Corporation is a service company that...Ch. 9 - Prob. 10F15Ch. 9 - Prob. 11F15Ch. 9 - Prob. 12F15Ch. 9 - Prob. 13F15Ch. 9 - Prob. 14F15Ch. 9 - Prob. 15F15Ch. 9 - Prob. 1ECh. 9 - Prob. 2ECh. 9 -
EXERCISE 9-3 Revenue and Spending Variances...Ch. 9 - Prob. 4ECh. 9 - Prob. 5ECh. 9 - Prob. 6ECh. 9 - Prob. 7ECh. 9 - Prob. 8ECh. 9 - Prob. 9ECh. 9 - Prob. 10ECh. 9 - Prob. 11ECh. 9 - Prob. 12ECh. 9 - Prob. 13ECh. 9 - Prob. 14ECh. 9 - Prob. 15ECh. 9 - Prob. 16ECh. 9 - Prob. 17PCh. 9 - Prob. 18PCh. 9 - Prob. 19PCh. 9 - Prob. 20PCh. 9 - Prob. 21PCh. 9 - Prob. 22PCh. 9 - Prob. 23PCh. 9 - Prob. 24CCh. 9 - Prob. 25CCh. 9 - Prob. 26C
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