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Question - Budgets in Managerial Accounting. Santiago's Salsa is in the process of preparing a production cost budget for May. Actual costs in April were:
Santiago's Salsa Production Costs April 2011
Production
25,000 Jars of Salsa
Ingredient cost (variable)
$20,000
Labor cost (variable)
12,000
Rent (fixed)
5,000
Depreciation (fixed)
6,000
Other (fixed)
1,000
Total
$44,000
a. Using this information, prepare a budget for May. Assume that production will increase to 30,000 jars of salsa, reflecting an anticipated sales increase related to a new marketing campaign.
b. Does the budget suggest that additional workers are needed? Suppose the wage rate is $20 per hour. How many additional labor hours are needed in May? What would happen if management did not anticipate the need for additional labor in May?
c. Calculate the actual cost per until in April and the budgeted cost per unit in May. Explain why the cost per unit is expected to decrease.
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