Flexible Budget for Various Levels of Production Budgeted amounts for the year: Materials 2 leather strips $7.00 Labor 1.5 hr. $18.00 VOH 1.5 hr. $1.20 FOH $6,800

Required: 1. Prepare a flexible budget for 3,500, 4,000, and 4,500 units. Flexible Budget Variable Cost per Unit 3,500 units 4,000 units 4,500 units

Direct materials

Direct labor

Variable overhead

Fixed overhead

Total $2.

Calculate the unit cost at 3,500, 4,000, and 4,500 units. (Note: Round unit costs to the nearest cent.)

Unit cost at 3,500

Unit cost at 4,000

Unit cost at 4,500

What happens to unit cost as the number of units produced increases?

Answers

Answer 1

Answer:

Results are below.

Explanation:

Giving the following information:

Materials 2 leather strips $7.00

Labor 1.5 hr. $18.00

VOH 1.5 hr. $1.20

FOH $6,800

First, we will determine the total cost at different production levels:

3,500:

Direct material= 3,500*7= 24,500

Direct labor= 18*3,500= 63,000

VOH= 3,500*1.2= 4,200

FOH= 6,800

Total cost= $98,500

4,000:

Direct material= 4,000*7= 28,000

Direct labor= 18*4,000= 72,000

VOH= 4,000*1.2= 4,800

FOH= 6,800

Total cost= $111,600

4,500:

Direct material= 4,500*7= 31,500

Direct labor= 18*4,500= 81,000

VOH= 4,500*1.2= 5,400

FOH= 6,800

Total cost= $124,700

Finally, the unitary cost:

3,500:

Unitary cost= 98,500 / 3,500= $28.14

4,000:

Unitary cost= 111,600 / 4,000= $27.9

4,500:

Unitary cost= 124,700 / 4,500= $27.71

The production costs are essentially variable. In unitary bases, they remain constant. The fixed costs vary with the level of production on a unitary basis. Therefore, the higher the units produced, the lower the fixed unitary cost.


Related Questions

Is financial analyst hard to study?​

Answers

It can be dificult but if you like a thing nothing is hard:))

Financial analysts are reimbursed well. The median pay in 2010 was more than $74,000 annually, according to the most recent figures released by the U.S. Bureau of Labor Statistics. ... Working as a financial analyst is an extremely stressful career, defined by long work hours and high pressure levels.

It may be hard but not IMPOSSIBLE!

Best wishes! :)

what was the physical change that happens to Jodi’s character in Tall Girl? Movie

Answers

Jodi is very tall at around 6 foot 1, she is very self-concious about it and doesn't really know how it happened

(She assumes it was a gene that may have skipped a generation or two)

It may be a gene mutation, and she has no idea how exactly it happened.     No one does.

15 POINTS


Describe the steps of the check clearing process.

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What is it about .........

Getting money to start and run a business is referred to as obtaining
OA. Collateral
OB. Business
OC. Costs
OD. Financing

Answers

Answer:

C bc process of elimination

Explanation:

Regarding product life cycles, good marketing managers know that: A. all new brands start off in the market introduction stage. B. product life cycles can be extended through product modifications. C. a product must pass through all the product life cycle stages. D. no strategy planning is needed during the sales decline stage. E. a firm should use penetration pricing during market introduction, especially if the cycle is expected to move slowly.

Answers

Answer:

B. product life cycles can be extended through product modifications.

Explanation:

A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.

Generally, there are four (4) stages in the product-life cycle;

1. Introduction.

2. Growth.

3. Maturity.

4. Decline.

Regarding product life cycles, good marketing managers know that product life cycles can be extended through product modifications.

This ultimately implies that, marketing mix such as price, promotion, place and product can all be changed so as to impact or extend life cycle of a particular product.

what do you prefer Aldi or Lidl? and why?​

Answers

Aldi!!! Personal preference due to the organization.

I need help please. I just need verification if these are the right answers- if not, then please correct me.

Answers

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Monopolies are inefficient compared to perfectly competitive firms because monopolies produce output with average total cost exceeding average revenue produce output with average total cost exceeding average revenue A produce more output than is social desirable produce more output than is social desirable B charge a price less than marginal revenue charge a price less than marginal revenue C charge a price greater than marginal cost charge a price greater than marginal cost D charge a price less than average total cost

Answers

Answer:

C. charge a price greater than marginal cost charge a price greater than marginal cost

Explanation:

A monopoly exists when the person or the enterprise is the sole provider of the goods and commodities. The supplies have complete control of the market as they form a single entity. They are thus characterized by a lack of economic competition. Due to they are monopolies they change higher prices on the outputs rather than the average revenue. Hence are called price setters.

Changes in the net working capital requirements: can affect the cash flows of a project every year of the project's life. only affect the initial cash flows of a project. only affect the cash flow at time zero and the final year of a project. are generally excluded from project analysis due to their irrelevance to the total project. reflect only the changes in the current asset accounts.

Answers

Answer:

can affect the cash flows of a project every year of the project's life.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

Generally, changes in the net working capital requirements can affect the cash flows of a project every year of the project's life.

Mathematically, Net cash flow = Receipts - Total payments

The increase in prices in an economy over time is measured by the:
A. aggregate demand
B. gross domestic product
C. rate of inflation
D. unemployment rate

Answers

Ans C. the inflation rate

The inflation rate is the rate at which the general level of prices for goods and services is rising. If the price of a product is $X today and after a year if the price of that product is more than $X then it could be due to inflation effect, keeping other factors constant. Inflation leads to increase in price of products and services leading to decrease in their demands.

The increase in prices in an economy over time is measured by the Inflation, is an important indicator of the health of an economy, as it affects the purchasing power of consumers and the profitability of businesses. Therefore, option C is correct.

What is an inflation?

Inflation refers to the sustained increase in the general level of prices for goods and services in an economy over time. In other words, it is the rate at which the purchasing power of a currency decreases over time.

Inflation can occur due to a variety of factors, such as an increase in the money supply, a decrease in the supply of goods and services, or an increase in demand for goods and services.

Inflation is typically measured by calculating the percentage change in the price level of a basket of goods and services over a period of time, such as a year or a quarter.

The rate of inflation is often used as an indicator of the health of an economy, with moderate inflation being considered healthy, while high or unpredictable inflation can have negative effects on the economy, such as reducing consumer purchasing power and increasing the cost of borrowing for businesses.

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BE17-1 Each of the items below must be considered in preparing a statement of cash fl ows for Baskerville Co. For the year ended December 31, 2017. For each item, state how it should be shown in the statement of cash fl ows for 2017. (a) Issued bonds for $200,000 cash. (b) Purchased equipment for $150,000 cash. (c) Sold land costing $20,000 for $20,000 cash. (d) Declared and paid a $50,000 cash dividend

Answers

Answer:

(a) To be shown cash inflows from financing activity

(b) To be shown as cash outflows from investing activity

(c) To be shown as cash inflow from investing activity

d) To be shown as cash outflows from financing activity

Explanation:

(a) Issued bonds for $200,000 cash.

This should be shown as a cash inflow under financing activity section of the statement of cash flows for 2017.

(b) Purchased equipment for $150,000 cash.

This should be shown as a cash outflow under investing activity section of the statement of cash flows for 2017.

(c) Sold land costing $20,000 for $20,000 cash

This should be shown as a cash inflow under investing activity section of the statement of cash flows for 2017.

(d) Declared and paid a $50,000 cash dividend

This should be shown as a cash outflow under financing activity section of the statement of cash flows for 2017.

Additional Note:

Although this is not part of the requirement of the question, but it will assist you in your learning.

After taking all the above into consideration, they will appear as follows in statement of cash flows for 2017 (Note only they will appear is shown without any calculations since there will be other items).

Baskerville Co.

Statement of Cash Flows for 2017

(Abridged Vesrion)

Details                                                                 $                    $    

Cash from operating activities

Cash flows from investing activities

Purchase of equipment                                 (150,000)

Soles of land                                                     20,000

Cash flows from financing activities:

Bond issued                                                   200,000

Cash dividend paid                                        (50,000)

Receiving constructive criticism with and
is the professional response to the situation.
A.gratitude
B.an open mind
C.suspicion
D.reluctance

Answers

I believe the answer is B because you always gotta have an open mind to improve yourself by listening to what you need work on

Which example involves a real-world restriction that can affect your decision-making process?
A. interest in a subject as a child
B. family disputes
C. physical attributes
D. history of careers in the family
(comment the answer, too, please) :)

Answers

Answer: Your answer would most likely be C. Physical attributes.

Explanation:

Say you are grocery shopping and you come across an item for which the unit price is not labeled. How can you find the
unit price on your own?

Answers

Find a convenient and reasonable unit of measurement to use, then divide the cost of the package by the number of units chosen in that package.

name four commercial services which are useful to a manufacturer​

Answers

I don’t know but you will get it

will give 41 points

C. now that company Z has a list of options for improvements, how can they use step three and four of the decision making process to solve some of their problems

D. The final step of the decision making process is very important what does this step offer for company z once they have made decisions and implemented them?

Answers

Steps 3 and 4 of the decision-making process allow the company Z to evaluate the best possible alternative based on the company's available resources. Also, step 6 allows you to evaluate that decision and learn from it.

What is the decision making process?

The decision-making process is a set of actions that a company can take to improve some of its activities. Generally, the decision-making process is made up of the following 6 steps:

Identify the problem.Review the objective.Identify available resources.Identify possible alternatives.Make the most convenient decision.Execute, evaluate and learn.

According to the above, steps 3 and 4, allow the company to identify the resources available to solve a problem and identify the alternatives to solve that problem with the available resources.

Additionally, step 6 allows you to implement the decision that they made and constantly improve by reviewing the results of that decision.

Note: This question is incomplete because there is some information missing. However, I can answer it based on my prior knowledge.

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Answer:

The first one is right... I got it right because of the first answer... thank you!

Explanation:

Many of you have probably heard of Banana Republic retail stores and perhaps have shopped there. Many of you may not know that the store used to look much different than it does today. It used to be more like an adventure, and the merchandise assortment was more appropriate for a safari. If you've ever seen an Indiana Jones movie, you can get a pretty good idea of what Banana Republic used to look like. The stores would have a jeep in the store, camouflage netting, and music from the 1940s playing. The inside had wooden beams and maps hung on the wall that looked like treasure maps. Much of the merchandise was accompanied by a sign that had a tale of some adventure associated with it. These physical features of the retail environment are referred to as the\

Answers

Answer: Store atmosphere

Explanation:

The physical features of the retail environment are referred to as the store atmosphere.

A store atmosphere are the physical characteristics of a store which is used in the creation of an image which is used to attract customers. This is used by Banana Republic retail stores to attract customers.

If a tour costs the tour operator $1,500 per person and the operator has a markup of 15 percent, how much would a pair of customers pay for tours?


$3,450

$300

$3,300

$3,000

Answers

It would the 3,450 cuz if it is 15 percent mark up per person then it would be 1725 but the question is how much would a pair of customers so multiplied by two because it says a pair

Sabrina is trying to decide between opening an account at a local commercial bank or at her college credit union. What TRUE statement about these two institutions will BEST influence her decision?

A.
Since commercial banks are for-profit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.

B.
Since credit unions are for-profit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.

C.
Since commercial banks are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.

D.
Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.

Answers

Answer:

D.

Since credit unions are nonprofit, they can often keep their costs down, which translates into higher interest rates for savings and lower rates on loans.

Explanation:

I just took the test and got it right

A commercial bank is a type of financial institution that accepts public deposits and grants borrowers loans for profit-making investments and consumption. Hence option C is correct .

What are commercial bank or college credit union ?

To distinguish it from a retail bank and an investment bank, it can alsorefer to a bank, or a section of a big bank, that works with corporations or a large/middle-sized firm. Public and private sector banks are both considered commercial banks.

Commercial banks' primary responsibility is to offer financial services to individuals and businesses in order to promote social and economic stability and long-term economic growth.

They are nonprofit, member-owned cooperatives that offer discounts and other member perks in exchange for their profits. For college students, a credit unionoffer some of the lowest interest rates available for all types of loans and credit. Additionally, they provide free and affordable checking and savings accounts.

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The action of keeping financial accounts is called

PLEASE HELP

Answers

Answer:

How Accounting Works

Accounting is one of the key functions for almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions.

Explanation:

Assume that your total cost per unit to make a snack is $4.50. Your company is using a cost-plus pricing strategy and would like to charge a 15% markup. Show your work to calculate the Selling Price of the snack as well as the Total Profit that would be made per unit. Show your work

Answers

Answer: See explanation

Explanation:

The selling price of the snack will be the addition of the cost plus the markup. This will be:

Cost per unit = $4.50

Markup percentage= 15%

Markup = Markup percentage × Cost

= 15% × $4.50

= 0.15 × $4.50

= $0.675

Then, selling price will be:

= $4.50 + $0.675

= $5.175 per unit

Profit = Selling price - Cost price

= $5.175 - $4.50

= $0.675 per unit

The profit is the markup price.

Tony's Deli has cash of $145, accounts receivable of $99, accounts payable of $219, and inventory of $413. What is the value of the quick ratio ?

Answers

Answer:

the value of the quick ratio is 1.11 times

Explanation:

The computation of the value of the quick ratio is shown below:

Quick Ratio = Total Quick Assets ÷ Total current liabilities

= [Cash + Accounts Receivables] ÷ Accounts Payable

= [$145 + $99] ÷ $219

= $244 ÷ $219

= 1.11 Times

Hence, the value of the quick ratio is 1.11 times

(24^0)+(4^0). solve this problem fast​

Answers

Answer:

your answer will be 2

Explanation:

hope it helps you..

Answer:

solution : -

[tex]24 {}^{0} + {4}^{0} [/tex][tex]1 + 1[/tex][tex]2[/tex]

What is characteristic of an organization in which salespeople do most or all of their own marketing?

independent
small size
nonprofit
private

Answers

Answer:

private

Explanation:

people are doing private marketing to earn money for themselves

I am working on a new app what should i do should i call it, its a app to make new friends and not be lonely

Answers

Answer:

oh i will be your friend

Explanation:

Excelsior's Limited, a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Excelsior's president is surprised at some of the responses the company is receiving from other countries. France gave Excelsior's Limited permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Excelsior's Limited is experiencing a(n) ________.

Answers

Answer:

Administrative delay.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Licensure can be defined as the recognition (permission to practice) given to an individual by a regulatory agency or government for meeting a set of pre-defined requirements and after passing a license examination.

In this scenario, France gave Excelsior's Limited permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Thus, Excelsior's Limited is experiencing an administrative delay.

An administrative delay refers to the inability of a local firm to take actions on an application or service within a specific period of time due to circumstances beyond their control.

Emilia is studying global development, and in investigating underdevelopment in Africa, she turns to economist Jeffrey Sachs. She agrees with Sachs's point of view, that a. underdevelopment is an unsolvable problem because it is rooted in private property. b. the most important factor shaping Africa's history is governmental corruption. c. brutal as they may be, mass poverty and starvation help balance the human population. d. Africa's challenges include its geography and colonial legacies.

Answers

Answer:

d. Africa's challenges include its geography and colonial legacies

Explanation:

Jeffery Sachs is an economist and a worldwide expert on fight against poverty, economic, and sustainable development.

He believes Africa's challenges include its geography and colonial legacies

Colonial legacies have resulted in continued exploitation of the African continent through continued influence present government and as a result key policies.

Geographs of the continent also poses problems. The tropical weather results in low nutrient retention by the soil, therefore more effort is used to produce substantial agricultural output

A firm has EBIT of $375,000, interest expense of $75,000, preferred dividends of $6,000 and a tax rate of 40 percent. The firm's degree of financial leverage at a base EBIT level of $375,000 is

Answers

Answer: 1.29

Explanation:

The following can be deduced from the question:

EBIT = $375000

Interest expense = $75000

EBT = EBIT - Interest Expense

= $375000 - $75000

= $300000

Before tax preference dividend

= Preferred dividend / (1 - Tax rate)

= 6000 / (1 - 40%)

= 6000 / 60%

= 6000 / 0.6

= $10000

The firm's degree of financial leverage will then be:

= EBIT / (EBIT - Interest expense - Before tax preference dividend)

= 375000 / (375000 - 75000 - 10000)

= 375000 / 290000

= 1.29

Therefore, the firm's degree of financial leverage is 1.29.

Novak Corp. Has accounts receivable of $90,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,284 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below.

Answers

Answer:

Allowance for doubtful accounts balance as at March 31st 2022 is $10,056.

Explanation:

Novak Corp. already have a balance of $2,284 in allowance for doubtful account.

The increase in allowance for doubtful account is calculated as follows.

$61,700 * 2% = $1,234

$12,600 * 5% = $630

$9,200 * 28% = $2,576

$6,800 * 49% = $3,332

Total = $7,772

$7,772 + $2,284 = $10,056

Ben was a salesperson for a manufacturing firm in the late 1920s. Which of the following would his employer most likely have asked him to do? a. Find out what customers really want and how the company can change its products to better meet customer needs. b. Simply take orders from customers and turn them in to the company. c. Nothing, because at this time production lagged well behind customer demand. d. Use high-pressure sales technique to sell more of the company's high production output. e. Develop long-term relationships with clients.

Answers

Answer:

d. Use high-pressure sales technique to sell more of the company's high production output.

Explanation:

In the 1920s there was a boom in the sales due to tariffs placed on goods from outside of the United States.

So there was more patronage for locally made products.

Marketing developed as a conscious strategy for businesses.

As a salesperson for a manufacturing firm in the late 1920s Ben will be accustomed to using high-pressure sales technique to sell more of the company's high production output.

This will be the most effective role for him.

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A monkey is holding on to the branch of a tree with a force of 160N. What force is the tree holding the monkey up with? The monkey's mass is 16.3kg Every five years in February, the population of a certain town is recorded. In 1995, the town had a population of 6,500 people. From 1995 to 2000, the population increased by 8%. From 2000 to 2005, the population decreased by 5%. What was the percent of change in the town's population from 1995 to 2005? someone please help I can mark brainless Algebra 2 Help me pls Explain how the Great Depression led to the development of fascism. Write the expression as StartFraction a Over 90 EndFraction. Write the expression as 90 a. Write the expression as a 90. Substitute 102 in for the variable, a. Simplify by subtracting 90 from 102. Simplify by dividing 102 by 90. The answer is 1.13. The answer is 12. PLS HURRY.How does this section contribute to the development of ideas in the text?It explains how Bonaly earns the judges' respect.It reinforces the idea that Bonaly is affected by stereotypes.It gives an example of how Bonaly tries to conform.It introduces the idea that Bonaly is admired for being unique. HELP:) ill mark brain-list if correct What process is represented in the picture above? Which percentage of their offspring could be predicted to have white eyes In a paragraph discuss the process of the life cycle of seedless plants. PLEASE HELP ASAP :))Square A'B'C'D' sa dilation ofsquare ABCDWhat is the seale factor?Enter your answer in the box. Sunland purchased the license for distribution of a popular consumer product on January 1, 2020, for $158,000. It is expected that this product will generate cash flows for an indefinite period of time. The license has an initial term of 5 years but by paying a nominal fee, Sunland can renew the license indefinitely for successive 5-year terms. What amount should be amortized for the year ended December 31, 2020 Describe three ways to slow population growth Emma is training for a 10-kilometer race. She wants to beat her last 10-kilometer time, which was 1 hour 10 minutes. Emma has already run for 55 minutes. Which inequality can be used to find how much longer she can run and still beat her previous time? (1 hr = 60 min) What is the product of (x 3) and (x + 7)? A. x^2 + 4x 21 B. x^2 4x 21 C. x^2 10x 21 D. x^2 + 10x 21 For a snack, mrs graham gives her student graham crackers. She has a package of 20 graham crackers to share equally to 8 students. How many graham crackers does each student receive Many angiosperms rely on animals forA fertilizationB pollinationC photosynthesisD transpiration What's the answer to this? *PLEASE ANSWER, ITS CONFUSING*What was the significance of the battle at Fort Wagner?a.) The special skills applied by an all-female unit challenged the assumption that women could not be useful agents of war.b.) The mettle showed by African-American troops demonstrated that race was not a significant factor in a soldier's capability or courage.c.) African-American soldiers led the charge, eager to fight, but were stopped and turned by back by white soldiers.