EgroNow sells its main product, egronomic mouse pads, for $13 each. Its variable cost is $5.60 per pad. Fixeds costs are $200,000 per month for volumes up to 60,000 pads. Above 60,000 pads, monthly fixed costs are $255,000. 1. Prepare a montly flexible budget for the product, showing sales revenue, variable costs, fixed cost
Compare bottom-line financial results of using a fixed budget and a flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.
1. The production budget uses all of the following except: a. the beginning inventory quantity. b. the inventory policy. c. the sales forecast. d. the cash receipts budget. 2. Operating expenses are best budgeted on the basis of knowledge about: a. relevant range. b. cost behavior patterns. c. current period bud
Sierra Furniture is an elite desk manufacturer. It makes two products: Executive desks 3 x 5 oak desks Chairman desks 6 x 4 red oak desks The budgeted direct-cost inputs for each product in 2009 are: Executive Line Chairman Line Oak top 16 square ft
Expected manufacturing costs for Imperial Data Devices are as follows: Variable Costs Fixed Costs per Month Direct material $7.00/unit Supervisory salaries $17,000 Direct labor 3.50/unit Factory depreciation 9,500 Variable overhead 1.80/unit Other factory costs 3,100 Required: Estimate manufacturing costs for producti
Based on eight person occupancy including live-in residential advisor. BUDGET WORKSHEET MONTHLY YEARLY MANAGEMENT: Live In Residential Advisor @ 15.00 $2220 $26640 (waive $700 per month or $8400 per year deducted for rent and food Benefits: none LABOR: Daily Child Care @ 11.60 $1856 $22272 FACILITY:
Discuss budgeting techniques. Is a top down or bottom up approach preferred and why? What is a flexible budget versus a static budget? What is a spending variance and a activity variance? Are variances necessarily bad 383 words
Details: Donna and Sherman Terrel are preparing a budget for 2010. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna estimates her salary will be about $45,600 in 2010; Sherman expects to
Mead Meals on Wheels Center You may make whatever assumptions you think are necessary. Be sure to state every assumption explicitly. Problem 1 The Mead Meals on Wheels Center (MMWC) provides two meals per day to the homebound elderly. The Town of Millbridge pays MMWC $32 per week for each person it services for the wee
The sales budget for your company in the coming year is based on a 20 percent quarterly growth rate with the first-quarter sales projection at $150 million. In addition to this basic trend, the seasonal adjustments for the four quarters are 0, -$16, -$8 and $12 million, respectively. Generally, 50 percent of the sales can be col
(TCO C) The following overhead data are for a department of a large company. Actual costs Static Incurred budget Activity level (in units) 800 750 Variable cos
See attached file for the chart. Wrape Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for April was based on 2,100 meals. The diner's director has provided the following cost data to use in the budget: groceries, $2.55 per meal; kitchen operations, $4,700 per month
Explain the relationship between the trade deficit and the financing of the U.S. budget deficit by foreign countries. Is this a potentially dangerous situation? about 150 words
Help create a master budget from the following data: JESSI: Sales and Production Budgets: The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 14,000
48. Byrd Company is a manufacturer affiliated with the furniture industry. The company produces a wide variety of "hardware" component parts. Product examples include drawer slides, hinges, door pulls and handles, springs, and locks. Dent Tripoli is the company's new chief financial officer. Dent is very concerned with providing
Please do not use Excel, but show step by step solutions. TBA, a division of MLSC, offers management and computer consulting services to clients throughout Canada and the northwestern U.S. The division specialized in web site development and other internet applications. The corporate management at MLSC is pleased with the p
1. You are in a job interview and your possible employer asks you to describe the differences between the flexible and the static budget and to explain which you would recommend for a small business and why. How would you respond to this potential employer? 2. Consider the three different centers in a company's cost center, p
Lubriderm Corporation has the following budgeted sales for the next six-month period: Month Unit Sales June 90,000 July 120,000
Lorch Company prepares monthly cash budgets. Relevant data from operating budgets for 2010 are: January February Sales $360,000 $400,000 Direct Material Purchases 100,000 110,000 Direct Labor 100,000 115,000 Manufacturing overhead 60,000 75,000 Sell
Donna and Sherman Terrel are preparing a budget for 2010. Donna is a systems analyst with an airplane manufacturer, and Sherman is working on a master's degree in educational psychology. The Terrels do not have any children or other dependents. Donna estimates her salary will be about $45,600 in 2010; Sherman expects to work onl
Production budget On January 1, 2009 the Batista Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2009. Sales units: First quarter 5,300; second quarter 6,300; third quarter 7,500 Ending raw materials inventory: 50% of the next quarter's production requirements Ending f
Stang Sports Equipment Company made 40,000 basketballs in a given year. Its manufacturing costs were $288,000 variable and $95,000 fixed. Assume that no price changes will occur in the following year and that no changes in production methods are applicable. Compute the budgeted cost for producing 44,000 basketballs in the follow
BSAD Corporation's production budget calls for the following number of units to be produced each quarter for next year: Budgeted production Quarter 1 45000 units Quarter 2 38000 units Quarter 3 34000 units Quarter 4 48000 units Each unit of product requires 3 pounds of direct material. The company
Start Up and Operational Budgets: Prepare a projected Capital Budget as well as a Revenue and Expense Budget for start-up (the first year of operation). Using the same or altered assumptions, prepare a projected Revenue and Expense Budget for the second year of operation. Organization X has its own facility where medical waste
Imagine that for the second quarter in a row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the 2nd quarter but actual results were only $197,000 in profits. The division management insists that the budgets were developed realistically but admits sales were down. The division has be
Deliverable Length: 300â?"400 words As the management accountant preparing the budget for the upcoming year, you know how important it is to properly classify costs as being fixed, variable, or mixed. As you are expecting to be promoted to headquarters soon, you want to leave a procedure manual for your junior accountants t
Sales volume variance analysis: Lions Company prepared a budget last period with budgeted sales of 55,000 units at a price of $75 each. Variable costs were budgeted to be #10 per unit. Fixed costs were budgeted to be $2,000,000 for the period. During the period, actual sales totaled 58,000 units. Prepare a variance report
Describe your question and rBudget and Behavior Implications An effective budget converts the goal and objectives of management into specific performance targets. The master budget serves as a blueprint that reflect management â??s plan for the budgeted period . Moreover the master budget serves as a basis for
Edgeworth Box Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit, and vegetables. The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements. Direct Material Required per 100 boxes C Box P Box Corrugating medium ($.15 per lb) 2
A flexible budget is really a series of static budgets. Do you agree or disagree? Explain. Thanks.