Crane company expects to produce 1,320,000 units of product XX in 2022. Monthly production is expected to range from 87,000 to 126,800 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labor $6, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. Prepare a flexible manufacturing budget for the relevant range value increments of 19.900 units. (List

Crane company expects to produce 1,320,000 units of product XX in 2022. Monthly production is expected to range from 87,000 to 126,800 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labor $6, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. Prepare a flexible manufacturing budget for the relevant range value increments of 19.900 units. (List

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter19: Support Department And Joint Cost Allocation

Section: Chapter Questions

Problem 2CMA: Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing...

See similar textbooks

Similar questions

Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?
Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing cost information for the next year: If Adam uses the step-down (sequential) method, beginning with the Maintenance Department, to allocate support department costs to production departments, the total overhead (rounded to the nearest dollar) for the Machining Department to allocate to its products would be: a. 407,500. b. 422,750. c. 442,053. d. 445,000.
Riverbed Company expects to produce 1,272,000 units of Product XX in 2022. Monthly production is expected to range from 84,800 to 127,200 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 21,200 unit increments. (List variable costs before fixed costs. Activity Level Finished Units RIVERBED COMPANY Monthly Flexible Manufacturing Budget For the Year 2022 84800 106000 127200 Variable Costs Direct Materials $ 424000 530000 636000 Direct Labor Overhead 508800 636000 763200 678400 848000 1017600 Total Variable Costs 1611200 2014000 2416800 Fixed Costs Depreciation Supervision Total Fixed Costs Total Costs +A 424000 424000 424000 424000 636000 2247200 $ 212000 636000 2650000 EA 212000 636000 3052800
Cullumber Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 74.300 to 105,100 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $6, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1. Prepare a flexible manufacturing budget for the relevant range value using increments of 15,400 units. (List variable costs before fixed costs.)
Crane Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 70,100 to 110,100 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $3. Prepare a flexible manufacturing budget for the relevant range value using increments of 20,000 units. (List variable costs before fixed costs.)
Blossom Company expects to produce 1,200,000 units of product XX in 2022. Monthly production is expected to range from 70,000 to 100,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $3, direct labour $6, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $1. Prepare a flexible manufacturing budget for the relevant range value using increments of 15,000 units. (List variable costs before fixed costs.) BLOSSOM COMPANY Monthly Flexible Manufacturing Budget $ $ $
Shalom Company expects to produce 1,200,000 units of Peace Products in 2023. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials P4, direct labor P6, and overhead P8. Budgeted fixed manufacturing costs per unit for depreciation are P2 and for supervision P1. Amounts must be in whole numbers. Example: 88,000 or (88,000) In your flexible budget report, what is the total variable manufacturing costs for 60,000 units?
Shalom Company manufactures and sells Peace products. During the year, the company estimated for the production and sale of 15,000 units of Peace products. Each unit requires 1.50 kilos of direct material at a cost of P8 per pound. It takes 15 minutes to manufacture each unit of Peace product at a cost of PO.18 per minute. At the end of the current year, Shalom had produced and sold 16,000 Peace products for P50 per unit. The actual costs for direct materials and direct labor were P197,200, and P42,300, respectively. In your flexible budget performance report, identify the difference between budgeted and actual costs and indicate as favorable or unfavorable. Format should be: 8,000 F or 8,000 UF No need to indicate if the amount is positive or negative. total prime costs
Martinez Company expects to produce 1,152,000 units of Product XX in 2022. Monthly production is expected to range from 76,800 to 115,200 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 19,200 unit increments. (List variable costs before fixed costs.) Variable Costs Direct Materials Direct Labor Overhead Total Variable Costs MARTINEZ COMPANY Monthly Flexible Manufacturing Budget For the Year 2022 76800 460800 614400 1459200 153600 76800 230400 1689600 96000 576000 768000 1824000 153600 76800 100 III 230400 115200 2054400 691200 2188800 2419200
Variable Costs Total Variable Costs Depreciation Supervision Total Costs Total Fixed Costs Direct Labor Activity Level Direct Materials Fixed Costs Finished Units Overhead
Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 79,600 to 113,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1. In March 2022, the company incurs the following costs in producing 96,300 units: direct materials $511,500, direct labour $665,100, and variable overhead $1,065,300. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.) ORIOLE COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2022
Wildhorse Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 86,500 to 126,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $1. In March 2022, the company incurs the following costs in producing 106,400 units: direct materials $452,600, direct labour $741,800, and variable overhead $965,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs. Don't give answer in image format