Reference no: EM133065180
Questions -
Q1. Last month, Hildebrand Corporation generated sales of $800,000 and incurred selling and administrative expenses of $320,000, of which half were variable. This month, the company estimates that it will generate sales of $900,000. Management does not anticipate any changes in unit variable costs. However, it does expect fixed selling and administrative costs to increase by $4,000. Compute Hildebrand's total selling and administrative expense budget for the current month. Total selling and administrative expense budget.
Q2. On January 1, Howard Corporation determined that its direct materials inventory needs to contain 4,000 pounds of materials by March 31. To achieve this goal, Howard will have to use three pounds of direct materials for every pound that it purchases during the upcoming quarter. On the basis of the company's budgeted sales volume, management estimates that 8,000 pounds of direct materials need to be purchased by March 31. Determine how many of pounds of direct materials are currently in Howard's January 1 inventory. Beginning materials inventory lbs.
Q3. Flagstags Brewery's flexible budget estimates are $74,000, $77,000, and $80,000 to manufacture 4,000, 4,500, and 5,000 gallons of beer, respectively, next quarter. What are the variable and fixed manufacturing costs in the flexible budget for Flagstags? Variable manufacturing costs per gallon Total fixed manufacturing costs.
Q4. Expected quarterly unit sales of cured hams at Rod's Meat World are 1,200, 2,000, 1,400, and 1,000 for the next 2 years. At the start of the current year, cured ham inventory on hand is 120 units. Rod's has a desired ending inventory of 15 percent of the upcoming quarter's sales. Create the production budget in numbers of cured hams for quarters one through four for the current year. ROD'S MEAT WORLD Budgeted Production of Cured Hams Q1 Q2 Q3 Q4 Cured Ham Production (in Units).
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