Prepare a flexible budget for 12000 15000 and 18000 filing

Assignment Help Accounting Basics
Reference no: EM13388342

Steelcase Inc. is one of the largest manufacturers of office furniture in the United States.In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Trim Assembly.Assume the following information for the Fabrication Department:

Steel per filing cabinet
50 pounds
Direct labor per filing cabinet
18 minutes
Supervisor salaries
$130,000 per month
Depreciation
$20,000 per month
Direct labor rate
$16 per hour
Steel Cost
$1.25 per pound

Prepare a flexible budget for 12,000, 15,000, and 18,000 filing cabinets for the month of October 2008, similar to Exhibit 5, assuming that inventories are not significant.

Reference no: EM13388342

Questions Cloud

Explain how organizations use different parameters to : you have been asked to be a guest speaker in a high school business class. your task is to explain the basic concepts
Financial statements for the company assigned by your : resourcenbsp financial statements for the company assigned by your instructor in week 2.review the assigned companys
Entrepreneur interview for this short writing assignment : entrepreneur interview for this short writing assignment choose an entrepreneur in your community and interview him or
Explain the original budget constraint and new budget : suppose that in the year 2000 a typical social security recipient consumed only food and housing. the price of housing
Prepare a flexible budget for 12000 15000 and 18000 filing : steelcase inc. is one of the largest manufacturers of office furniture in the united states.in grand rapids michigan it
Imagine yourself as the executive manager of an : imagine yourself as the executive manager of an organization. you are responsible for establishing the three levels of
The roles and responsibilities of managers and leaders are : the roles and responsibilities of managers and leaders are closely intertwined and related however a manager is not
Trevor price bought 10-year bonds issued by harvest foods : trevor price bought 10-year bonds issued by harvest foods five years ago for 985.69. the bonds make semiannual coupon
Find what necessary management techniques should be what : earlier alex says somewhere in the scientific method lies the answer for the needed management techniques. here alex

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the simple rate of return

Compute the simple rate of return on the new automated bottling machine. Use straight-line depreciation method. (Round your percentage answer to one decimal place.

  Audit of cash-part of the audit

Why is the audit of cash an important part of the audit? why is the cash account important to the decisions of investors and creditors?

  Components of the financial statement

What is the amount of net income? Which financial statement did you find this information? What are the components of this financial statement?

  Operating income and net book value of assets

Calculate the ROI for Hercules. Use operating income and net book value of assets as the measures for income and investment respectively.

  Determine the values of stocks and bonds

Financial management is about to explain what managers can do to make their companies more valuable. Managers must understand how investors determine the values of stocks and bonds if they are to identify, evaluate and implement projects that meet..

  Compute the approximate internal rate of return

Compute the next present value of each project. Which project should be adopted based on the next present value approach? Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of retu..

  Change in the estimated salvage value

The vehicle cost $23,000 and its estimated salvage value is $1,500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. Th..

  Sec accounting and auditing enforcement release aaer no 108

sec accounting and auditing enforcement release aaer no. 108 specifies certain conditions or criteria that a bill and

  Consolidated financial statements

According to US GAAP, what should be the basis for reporting the assets and liabilities of Small within consolidated financial statements created on the date of acquisition?

  Determine the correct amount of inventory

Hastings purchased $20,000 of goods that were shipped on December 27. FOB destination, that will be received by Hastings on January 3. Determine the correct amount of inventory that Hastings should report.

  Sustainability process

The drive to incorporate sustainability into every corporation's operations is a growing trend in the global economy. In fact, it can be said that for sustainability to become an integral part of a company's business strategy

  Problem associated to the taxable income

Blue Corporation, a cash basis taxpayer, has taxable income of $700,000 for the current year. Blue elected $80,000 of § 179 expense. It also had a related party loss of $30,000 and a realized (not recognized) gain from an involuntary conversion of..

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