User Account

All Pages

Prepare flexible budget control report for the period

Assignment Help Managerial Accounting
Reference no: EM132864760

Question - The fixed budget and actual results for J Ltd for the latest period are as follows.

Production and sales Budget 4,000 units ($) Actual 4,640 units ($)

Direct material 72,000 87,360

Direct labour 84,000 101,280

Variable overhead 48,000 52,800

Fixed overhead 67,200 72,000

Total cost 271,200 313,440

Sales revenue 384,000 448,320

Profit 112,800 134,880

Required -

(1) Prepare flexible budget control report for the period, identifying the cost and revenue variances.

(2) Comment on this statement: The budgetary planning process for a manufacturing and trading organisation should always begin with the preparation of the sales budget.

Reference no: EM132864760

Questions Cloud

What are the basic revenue models for online content : 1. What are the 3 dimensions in which the term "convergence" has been applied? What does each of these areas of convergence entail?
How much is the bad debts expense for the year : Assuming these are the only transactions affecting receivables, how much is the bad debts expense for the year ended December 31, 2020?
Explain the importance of communication at the workplace : a. Explain the importance of communication at the workplace.
Debate over immigration and health care reform : Identify a scholarly article that answers research questions associated with the debate over immigration, health care reform,
Prepare flexible budget control report for the period : Question - The fixed budget and actual results for J Ltd for the latest period are as follows. Prepare flexible budget control report for the period
What should ken recommend that the company? do : What factors besides the costs and benefits should be considered before the final decision is? made? What should Ken recommend that the company? do? Why?
Calculate the weight moving average for weeks 2 to 8 : Calculate the weight moving average for weeks 2 to 8
Leadership traits : Based on your experience, what are the leadership traits that bring out the best in the people around you?
What is a matrix organization : What is a matrix organization? When would management use it? Discuss the benefits and challenges created by a matrix organization.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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