Question

At the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials...

At the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials of $153,000 and fixed factory overhead of $10,500 for 7,600 hours of production. The department actually completed 10,400 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting?

Round your final answer to the nearest dollar. Do not round interim calculations.

a.$295,368

b.$395,026

c.$291,500

d.$398,895

Production and sales estimates for March for the Robin Co. are as follows:

Estimated inventory (units), March 1 17,300
Desired inventory (unit), March 31 19,900
Expected sales volume (units):
   Area M 6,300
   Area L 9,600
   Area O 7,200
Unit sales price $12

The number of units expected to be manufactured in March is

a.25,700

b.60,300

c.23,100

d.43,000

Business   Accounting   
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Homework Answers

Answer #1

1)

Answer: $395,026

Explanation:

Direct Material ($153,000/7,600) * 10,400 $209,368
Direct Labor Cost (128,000/7,600)* 10,400 $175,158
Fixed Factory Overhead $10,500
Total Budget $395,026

2)

Answer: 25,700

Explanation:

Number of units expected to be manufactured in March = Expected sales volume + Desired ending inventory - Beginning inventory
Number of units expected to be manufactured in March = 6,300 + 9,600 + 7,200 + 19,900 - 17,300
Number of units expected to be manufactured in March = 25,700 units
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