Prepare a flexible budget for abc

Assignment Help Accounting Basics
Reference no: EM131942181

Question - ABC Manufacturers uses flexible budgets that are based on the following production data for the month of July:

Direct materials - $8 per unit

Direct labor - $5 per unit

Electric power (variable) - $0.30 per unit

Electric power (fixed) - $4,000 per month

Supervisor salaries - $15,000 per month

Property taxes on production facility - $4,000 per month

Straight-line depreciation - $2,900 per month

Prepare a flexible budget for ABC, based on production of 10,000, 15,000, and 20,000 units.

Reference no: EM131942181

Questions Cloud

Calculate the gross profit and net profit : The only other cost charged to cost of sales is travelling of 50,000. Other administration costs are 80,000. Calculate the gross profit and net profit
Determine cost of raw materials purchased during the year : Renka Shoe Company makes loafers. Analyze the inventory accounts to determine: Cost of raw materials purchased during the year
Research on family dynamics and parenting styles : Prepare a 3-page paper using the structure below. You may go over 3 pages, but at a minimum, your pa pershould be at least 3 full pages.
How much of social security is included in gross income : How much of their Social Security is included in gross income? How would this change if they had received $20,000 in tax-exempt interest
Prepare a flexible budget for abc : Property taxes on production facility - $4,000 per month. Prepare a flexible budget for ABC, based on production of 10,000, 15,000, and 20,000 units
How much will be in the account : How much will be in the account immediately after you make the first withdrawal?
Compute answer with five different correlation assumption : Compute your answer with five different correlation assumptions: -0.75, -0.25, 0, 0.25, and 0.75. What is the implication of these results?
How are your ideas supported by the market structure : How are your ideas supported by the market structure? Develop a recommendation for a logical economic solution to the presented issue.
What is the target variable cost per mouse : If the company desires to make a profit $2,000,000 on the mouse, what is the target variable cost per mouse?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the fifo method and lifo method

Assuming there are 310 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method

  Purchase journal-cash disbursements to record transactions

a. Use the purchases journal and the cash disbursements journal to record these transactions. b. Prepare a schedule of accounts payable. There were no accounts payable on May 1.

  Considering genesiss aggressive growth plan sensible

considering genesiss aggressive growth plan sensible essentials suggested that its client should broaden the scope of

  During 2014 the company produced and sold 100000 units

engineers at abc company developed the following standard costs for direct material and direct labour for one of their

  Using your accounting knowledge

Using your accounting knowledge, fill in the blanks in the following separate income statements a through e.

  Record the conversions using the book value method

On January 1, 2017, Riverbed Corporation issued $4,020,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30.

  Repare general journal entries to record the january sales

Prepare the general journal entries to record the January 2 sales revenue. Also prepare the entry to show the remittance of the taxes on January 31

  Differs between ifrs and united state gaap

BA has an account entitled "sales in advance of carriage." Explain the purpose of that account. Would transactions of this type be handled similarly under U.S. GAAP? What is the amount of "sales in advance of carriage" as of March 31, 2009?

  Outline the key steps in developing a corporate global

Outline the key steps in developing a corporate global e-commerce strategy.

  Describe the relationship between npv and irr

Complete the Capital Budgeting Case with your Learming Team. The assignment instructions are available in the University of Phoenix Material: Capital Budgeting Case.

  What would be the incremental benefit

Stand A required 6 labor hours and stand B requires 3 labor hours. What would be the incremental benefit of obtaining 15 additional labor hours

  Preferred and common stockholders under assumptions

As of December 31, 2011, it is desired to distribute $488,000 in dividends. Insructions: How much will the preferred and common stockholders receive under the following assumptions:

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