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

John has the following transactions for the year: Cash received from sales of products $120,000 Cash paid for expenses (except rent and interest) $35,000 Rent paid on a leased building for 18 months beginning December 1 $40,500 Prepaid interest on a bank loan, paid on November 1, for the next 6 months $12,000 Four months' rent received on a leased building, on December 1 $10,000 Instructions: Calculate John's income under the cash basis for his business. You must show your work computations to receive full credit.

Answers

Answer:

John

John's business income, based on a cash basis:

= $42,500

Explanation:

a) Data and Calculations:

Cash received from sales of products                    $120,000

Four months' rent received

on a leased building, on December 1                       $10,000

Total receipts                                                           $130,000

Cash paid for expenses

(except rent and interest)                        $35,000

Rent paid on a leased building

for 18 months beginning December 1    $40,500

Prepaid interest on a bank loan, paid on

November 1, for the next 6 months        $12,000

Total expenses                                                         $87,500

Income                                                                     $42,500

b) Under the cash basis, accounting for a business does not differentiate the period the expenses and revenue are incurred.  The only issue for consideration is the time cash is exchanged.

Under PPP (and by the Fisher Effect), all else equal Group of answer choices a rise in a country's expected inflation rate will eventually cause a less than proportional rise in the interest rate that deposits of its currency offer to accommodate the rise in expected inflation. a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer. a fall in a country's expected inflation rate will eventually cause an inversely proportional rise in the interest rate that deposits of its currency offer to accommodate the rise in expected inflation. a rise in a country's expected inflation rate will eventually cause a more-than proportional rise in the interest rate that deposits of its currency offer in order to accommodate for the higher inflation. a fall in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.

Answers

Answer:

a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.

Explanation:

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

When this persistent rise in the price of goods and services in an economy becomes rapid, excessive, unbearable and out of control over a period of time, it is generally referred to as hyperinflation

Under PPP i.e purchasing power parity (and by the Fisher Effect), all else equal a rise in a country's expected inflation rate will eventually cause an equal rise in the interest rate that deposits of its currency offer.

Help please
////////////

Answers

Answer:

What is this for???

Explanation:

Answer:

this is not school work its work work please dont post this stuff

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.

Someone copied a library video and sold the copies to friends. This is an
example of ____.


A. embezzlement

B. intellectual property theft

C. cybercrime

D. shoplifting

Answers

its be fasho cause i learned about it

Someone copied a library video and sold the copies to friends. This is an example of intellectual property theft. Hence, option B is correct.

What is intellectual property theft?

Intellectual property theft occurs when a person or organization has their invention, creative expression, or idea taken from them. When someone commits IP theft, they can also be stealing trade secrets, copyrights, trademarks, or patents. Names, logos, insignia, inventions, client lists, and more fall under this category.

Manufacturing, selling, or distributing fake or stolen commodities, such as trademarks, industrial designs, literary works, or creative works, for financial benefit is considered an intellectual property crime.

Loss of client confidence. A reputational hit. reduction in revenue and expansion of the company. loss of advantage in the marketplace.

Thus, option B is correct.

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Discs and the Internet are unreliable and often slow, and there's nothing quite as distracting as "_____" in the middle of a presentation.

Answers

Answer:

Discs and the Internet are unreliable and often slow, and there's nothing quite as distracting as "having this issue" in the middle of a presentation.

Explanation:

Presentation is often a formal talk or sharing of ideas about a topic which can be on any field, matter, discovery, product, to an audience.    

Since discs are used for optical storage, which allows data storage and data retrieval are very good to store information for presentation.

However, discs can be unreliable likewise the internet. As a disc is a computer hardware, it can be attacked by a computer virus thereby affecting the stored data, and the internet speed also varies across locations, all these can cause distractions in the middle of a presentation especially if one needs the disc and the internet to be able to render a presentation efficiently.

           

what are 2 possible reasons for unemployment?​

Answers

Answer:

Frictional unemployment.Structural unemployment.

What do you think you'd like best about working as a hospitality manager?

Answers

Answer:

Personally, what I would like best as working as a hospitality manager is to make sure everything is running smoothly, and that I get to make my guests feel welcome in my establishment. Whether it be race, religion, sex, or place of origin I would want all my guests to have a warm, comfortable stay. Like a home away from home  

Explanation:

When creating a budget, it is best to consider your ______________________ income.


A. Daily
B. Weekly
C. Monthly
D. Yearly

Answers

Answer:

Monthly income

Explanation:

you plan ahead

Answer:

c

Explanation: Monthly income

Explain Jodi's self esteem throughout Tall Girl? Movie

Answers

Answer:

Poor

Explanation:

Jodi is very self-concious about her height. She thinks that it makes her different than other "normal" people among her peers, or even inferior to more feminine, smaller girls.

Answer:

Explanation:

'Tall Girl' Review: A Ridiculous Take on the Teenage Self-Love Narrative ... This week, we gave our group of interns a challenge: pick a movie from ... narrates Jodi (Ava Michelle) as she towers over a high school hallway in Tall Girl. ... Pain is relative, but Tall Girl treats Jodi's height as if it were the end-all,

Provide a detailed plan, including actual dollar amounts, for Xavier to wisely use the extra $400 per month from his raise. For each part of the plan, briefly describe why you're making this choice.​

Answers

Answer:

He should pay his debt off, weather it is the credit card and bills, or student loan. Also he should put $50 into the emergency funds.

Explanation:

This is the best idea, why? Well, the bills and debt should come first, way before a vacation and before a new car where possible. If you chip away at your debt, and pay on time, your credit score will increase. Now, this is great because you are paying off owed money and paying bills ahead off time and on time, also your credit increases! Without good credit, you can`t get a loan for a CAR or a HOUSE! So if his credit is bad or meh, he might not get approved, therefore, he can get the car! Now emergency funds come rights after bills and debt. He has a measly $250 dollars. Now just put $50 dollars each month, you will be good. This is great because you are steadily increasing your savings by $50 each month which adds up fast without eating  up money.  These are the *MOST IMPORTANT* options and the smartest options. After all of this, then you could take a cheap vacation, but you have to pay bills and debt on time!

The budgeting plan will be to pay the debt off and also put $50 in the emergency fund.

What is a budget?

It should be noted that a budget simply means the financial estimate of the income and expenditure of an individual.

Here, the budgeting plan will be to pay the debt off and also put $50 in the emergency fund. It's also important to spend wisely on the vacation.

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peter can 10 kilometers in 2 hour at a steady rate. how long will it take him to run 30 kilometers?​

Answers

Explanation:

znzlsoaksndndkskskskdndndbbdndndjdkskso

What activities can a person participate in to be considered actively looking for a job?

Answers

job postings. Sending resumes and doing interviews

Jim Smith borrowed $2,000 at a 6% add on rate for two years What is the finance charge ? Show your calculations below.

Answers

Answer:

the finance charge is $420

Explanation:

Finance charge constitutes Interest cost to be paid on the loan. Interest compensate the lender for forgoing the alternative of investing the money elsewhere.

Annual finance charge :

Interest charge = $2,000 x 6% = $120

After two years :

Interest charge =  $120 x 2 = $420

Therefore, the finance charge is $420.

You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR computed?

Answers

Answer:

EAR= 0.072 = 7.2%

Explanation:

Giving the following information:

Nominal interest rate= 7%

Number of periods= 12 months

To calculate the Effective Annual Rate (EAR), we need to use the following formula:

EAR= (1 + nominal rate/number of periods)^number of periods

EAR= [(1 + 0.07/12)^12] - 1

EAR= 0.072 = 7.2%

Does the democratic political process provide politicians with a strong incentive to spend tax funds?

Answers

Answer:

Yes

Explanation:

The democratic political process provides politicians with a strong incentive to spend tax funds and also control/monitor the rising of Government debts .

One way politicians can judiciously exercise this right is by having a review of existing plans and selecting only plans that would produce the best results to spend the tax funds on .

To control/monitor rising Government debts the government can either issue  Bonds that they can as well buy back or keep interest rate low  

A fixed-price contract is __________. ANSWER Unselected a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates Unselected a type of purchasing contract in which the stated price does not change, regardless of fluctuations in general overall economic conditions, industry competition, levels of supply, market prices, or other environmental changes Unselected a document that authorizes a supplier to deliver a product or service and often includes key terms and conditions, such as price, delivery, and quality requirements Unselected a document containing terms and conditions for a purchased service that indicate, among other things, what services will be performed and how the service provider will be evaluated

Answers

Answer:

a type of purchasing contract in which the stated price does not change, regardless of fluctuations in general overall economic conditions, industry competition, levels of supply, market prices, or other environmental changes.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.

A fixed-price contract is a type of purchasing contract in which the stated price does not change, regardless of fluctuations in general overall economic conditions, industry competition, levels of supply, market prices, or other environmental changes.

Do you feel that this country has made adequate progress in providing women with rights that are equal to that of men? Explain your answer.

Answers

Answer:

Yes.

Explanation:

There are so many opportunities for women to rise to the level of, if not surpass men. The 70 cents to the dollar thing is entirely false, and when accounting for the field and position, women typically make more than men. For single mothers, there is the WIC program (women, infants and children), but can you name a program that specifically supports single fathers? And, somewhat related sidenote, there is the whole "believe all women movement", (which in itself is sexist, but I yield) could you imagine if someone started saying "believe all men"? There is no way that would go over well.

What's the answer I need help ASAP!!

Answers

Answer:

B

Explanation:

Which of the following is TRUE about a lease agreement?
1- A lease is an agreement between you and your roommates that you submit to the
apartment owner.
2- You never have to pay any fees when you sign a lease. If you do, that means it is a
scam.
3- A lease often has information about your prior housing experience; it's a record that
the apartment owner can use to see if you are a good candidate
4- A lease is an agreement that includes details about rent, apartment policies, vacating,
etc.

Answers

Answer:

ok 2

Explanation:

An agreement is a legally enforceable agreement that creates and controls the obligations and duties of the parties involved. When an agreement fulfills the legal requirements, it is legally enforceable.  A contract generally implies the trading, skills, currency, or a guarantee to transfer any of these.

The true statement about the lease agreement is 2- You never have to pay any fees when you sign a lease. If you do, that means it is a  scam.

A lease agreement is a legal document that spells out the parameters on which a tenancy rents a home or business from an owner.

Lease agreements are considered as the lawful documents that spell out the tenant's and homeowner's duties and rights. Even if you're renting a room in a house to any of your friends or family members, you'll need a rental obligation to safeguard yourself ethically if you have issues with your occupants.

To know more about the lease agreement, refer to the link below:

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what is the best job in finance course?​

Answers

Explanation:

The financial industry is easily one of the most competitive when it comes to finding a job. This is even true in regard to entry-level positions, as it’s almost entirely unheard of to jump into and build a successful career in the industry without starting near the bottom and working your way up. The desks of finance professionals around the world are littered with resumes of students and executive wannabes hoping for a break that they believe will set them on course to be young and rich “masters of Wall Street”. The highest paying jobs, and therefore the most competitive, in the financial industry – including four chief executive positions and investment professionals at hedge funds – are even harder to land.

We hope you enjoy this guide to the Five Highest Paying Jobs in the Financial Industry.

If Ik I would tell u ma brotha I’m suck at studying so ye.

50 points pls give good answer
What do you think you'd like best about working as a hospitality manager?

Answers

Answer:

What I would like best as working as a hospitality manager, is to make sure my establishment/place of work is running smoothly. Whether that requires me to keep up with finances, or just general peace keeping. I would ensure that my customers were 100% satisfied and felt welcome their entire stay.

Explanation:

Explanation:

I Like To Keep My Patients Healthy And Safe..

This is for money skills. Please help

Answers

Answer:

when you divide

Explanation:

Day 2 still: Put whatever you want you deserve a break from answering or asking questions :D

Answers

thank you very much kind person :-)

Answer

Anybody else lokey failing lol

Explanation:

Was there anything, or anyone, in the film that you see reflected in your city or neighborhood?

Answers

Answer:

The centerpiece was originally thought to be included in the Lurie Garden at the southwest corner of the park, but the proposal got rejected because it was considered too big a piece for that place. The name bean was also ridiculed by Anish, who thought the name was worst but later accepted the idea of calling it bean as a nickname. The critiques gave several interpretations of the artwork, describing it as a connector or a gate between the sky and the viewer, calling it “a passage between the realms”. The reflection caused due to the shiny outer surface of the sculptor prompted this version. The Cloud Gate, which was also the first outdoor work of Kapoor, came to be known as one of his best work in the United States.

Explanation:

Hope this helps

Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan

Answers

Answer: skill-based pay systems

Explanation:

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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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.

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

PLEASE HELP ME
My career is a traveling nurse

Answers

Answer:

Step by step explanation

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