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    Budgets statements and Ledger accounts

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    Please explain me how to do this question

    See attachment for details.

    A) prepare a budget satement for proccesses to show the cost of producing 10 000 units....etc

    B) Prepare a flexed budget statement......etc

    C) Prepare ledger account....etc

    D) Calculate the following variances.....etc

    Please see attachment for details and questions

    © BrainMass Inc. brainmass.com March 4, 2021, 6:01 pm ad1c9bdddf
    https://brainmass.com/business/financial-statements/budgets-statements-ledger-accounts-23940

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    #1 Budgeted production costs:

    Process 1 (finished):
    Material: $480,000 (10,000 units X 4 KG X $12)
    Labor: $450,000 (10,000 units X 3 hours X $15)
    Prod. OH: $300,000 (10,000 units X 3 hours X $10)

    Process 2 (finished):
    Material: $189,000 (9,000 units X 3L X $7)
    Labor: $450,000 (9,000 units X 5 hours X $10)
    Prod. OH: $720,000 (9,000 units X 5 hours X $16)

    Process 2 (Work In Process):
    Material: $10,500 (1,000 units X 3L X $7)/2
    Labor: $25,000 (1,000 units X 5 hours X $10)/2
    Prod. OH: $40,000 (1,000 units X 5 hours X $16)/2

    #2 Actual

    Process 1 ...

    Solution Summary

    The expert examines budget statements and ledger accounts. The fixed budget statements are prepared.

    $2.19

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