Determine the total cost included in the flexible budget

Assignment Help Managerial Accounting
Reference no: EM133090076

Question - Assume that a company has two cost drivers-number of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and students were 6 and 110, respectively. One of the company's expenses is influenced by both cost drivers. Its cost formulas are $50 per course and $4 per student. Determine the total cost included in the flexible budget for this expense?

Reference no: EM133090076

Questions Cloud

Understanding and mastery of organizational leadership skill : Personal leadership philosophy that demonstrates both the understanding and mastery of organizational leadership skills and actions
Identify the internal audit issues within this problem : BRL has paid a $5,000 retainer so far for the case. Identify the internal audit issues within this problem
What is the amount of cost of goods sold : Vargas sold 1,700 units of inventory for $21. What is the amount of cost of goods sold that will appear on the current year's income statement
Identify suitable measurement scales : Identify suitable measurement scales for each theory, to use in the case study Chinese organisation
Determine the total cost included in the flexible budget : The actual number of courses and students were 6 and 110, respectively. Determine the total cost included in the flexible budget
Calculate the net operating incomes earned by division a : Sales to Division B were at the same price as sales to outside customers. Calculate the net operating incomes earned by Division A
Provides goods and services in attempt to make profit : Any type of firm or organization that provides goods and services in an attempt to make a profit.
How much was in the IRA : If the average return on their investment was 11?%, how much was in the IRA at age 60?? What was their total? investment
Describe the steps you recommend the college follow : Describe the steps you recommend the College follow in order to successfully make the change. Refer to change management theory discussed in class, and the Chan

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd