The Jung Corporation's budget calls for the following production:Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units. Each unit of production requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30 percent o
Data for Herron Corporation are shown below: Per Unit Percent of Sales Selling price $ 75 100% Variable expenses 45 60% Contribution margin $ 30 40% Fixed expenses are $75,000 per month and the company is selling 3,000 units per month. 6. Required:
1. True to their name, mixed costs have components of both fixed and variable costs. They have a fixed based cost regardless of your activity level and they have a piece that varies based on your level of production. An example would be an x-ray machine. There is a fixed cost piece for the depreciation and technician salary. The
2008 Carroll Clinic Operating Budget: I. Volume (number of visits) Payer A 9000 Payer B 12,000 Total 21,000 II. Reimbursement (per visit) Pa
1. Create and format a row to show the months for the year (Jan-Dec). 2. Create and format a row, beneath the month row, to show yearly income for each month (Jan-Dec),and properly label the row and value. 3. Add each expense in a separate row (as identified in step 4) and properly label each row and value. 4. For the expense
Heartland Company's budgeted sales and budgeted cost of goods sold for the coming year are $144,000,000 and $99,000,000 respectively. Short-term interest rates are expected to average 10%. If Heartland can increase inventory turnover from its present level of 9 times a year to a level of 12 times per year, compute its expected c
See attachment: AE9-4 Pletcher Company produces and sells automobile batteries, the heavy-duty HD-240. The 2011 sales budget is as follows. Quarter HD-240 1 4,600 2 6,900 3 7,590 4 10,780 The January 1, 2011, inventory of HD-240 is 2,510 units. Management desires an ending inventory each quarter equa
What are the risks and challenges with using a conservative approach?
Using the attached data and format from the budget tab create a flex-budget for the month of July using 3 or 4 different planned units of sales. Base your assumptions on several different factors: * The trends in actual sales shown at the bottom of the Budget tab * The activity levels needed to turn a profit since the June
Why might managers find a flexible budget analysis more informative than a strategic-budget analysis? Explain your rationale. How might a manager gain insight into the causes of a flexible-budget variance for direct materials? Why might an analyst examining variances in the production area look beyond the business functi
What is a budget and why is it important? If you were a non profit organization, how would you build your budget?
My made up business is "Now Hair This" beauty salon MS Excel - Create a Start up Budget and first 6 months operating expenses for your new Business using MS Excel. The Excel spreadsheet must include at a minimum the specifications listed below: a. Create two worksheets. The first worksheet should contain your expected expens
You are a School Social Worker at a High School in Atlanta, Georgia with an annual budget of $500 for programming expenses. You are notified by the Assistant Principal that a transgender student who is transitioning from male-to-female will be entering the junior class at the beginning of the following semester. She also has a
See attached files. Activity-Based Budget Merrit Industries Inc. has the following budget information available for February: Administration $40,000 Advertising $15,000 Assembly 1/2 hour per unit X $8 Direct materials 2 pounds per unit X $3 Inspection $200 per batch of 1,000 units Manufacturing overhead $2 per
Explain the relationships between fixed and variable costs used in a flexible budget and the differences between static and flexible budgets? Explain how a flexible budget lends itself to a cost-volume-profit analysis?
Tylon's Hardware uses a flexible budget to develop planning information for its warehouse operations. For 20X9, the company anticipated that it would have 96,000 sales units for 664 customer shipments. Average storage bin usage for various inventories was estimated to be 200 per day. The costs and cost drivers were determined to
Please provide detailed explanations to the following questions. I need help with these... ============================================== 1. The Thompson Corporation projects an increase in sales from $1.5 to $2 million, but it needs an additional $300,000 of current assets to support this expansion. Thompson can finance t
Discuss the major methods of developing an advertising budget. Make sure you take a position on which method you think is best and why.
How does the USA federal budget fit with its mission?
How can the federal budget be improved and revenue estimation be accurately accessed?
Scenario Part 1 You have decided that it might be a good idea to create a personal household budget for yourself. You know you are able to pay all your bills, attend school, and even have money left for fun get a-ways. But you really want to be able to save money to purchase a house after you graduate with your degree. You d
Use the standard price and cost data supplied in Problem 15-18. Assume that Holligan actually produced and sold 31,000 books. The actual sales price and costs incurred follow. Actual price and variable costs: Sales price-$9.10 Materials-$4.10 Labor-$6.20 Overhead-$6.10 general, selling, and administrative-$6.50 Planned
Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U). Item Budget Actual Variance F or U Sales revenue $580,000 $600,000 Cost of goods sold $385,000
Your company uses a standard costing system. At the beginning of the month, you budget to produce and sell 100 items. Actual units produced are 120. Standards for direct material are 4 lbs per unit at a standard price of $3 per pound. Actual material purchased and used was 450 lbs. Actual price paid was $2.90 lb.
Strauss Table Company manufactures tables for schools. The 20x4 operating budget is based on sales of 20,000 units at $ 100 per table. Operating income is anticipated to be $ 120,000. Budgeted variable costs are $ 64 per unit, while fixed costs total $ 600,000. Actual income for 20x4 was surprising $ 354,000 on actual sales
This question is on variance analysis in managerial/cost accounting. More specifically, it asks for calculations of direct material price variance, direct material efficiency/usage variance, the flexible budget variance, and determining whether the variances are favorable or unfavorable.
Budget of the United States government: The Office of Management and Budget provides access to the budget of the United States government at its Web site: www.gpoaccess.gov/usbudget/citizensguide.html. "A Citizen's Guide to the Federal Budget" provides information about the budget and the budget process for the general public. A
I need to create the following data sheets for a fictitious business: Sales Forecast Income Statement Balance Sheet Statement of Cash flows The instructor provided the attached preformatted spreadsheets; however, I don't have to use them. By filling in the data, I've become quite unsure of what data is important to
How is the internal management structure of an organization tied to the organization's budget? How might management help an organization stay on track or cause it to go over budget?
The following direct materials variance computations are incomplete: Price variance = ($? - $7) x 10,800 pounds = $5,400 U Efficiency variance = (? - 10,400 pounds) x &7 = ?U Flexible budget variance = $?