Prepare a flexible production budget for the year ending December 31 for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following additional information is necessary to complete the budget: Variable costs: Direct labor ($6.00 per unit) Direct materials ($8.00 per unit) Variable manufacturing costs ($2.50 per unit) Fixed costs: Supervisor's salaries $80,000 Rent 12,000 Depreciation on equipment 24,000 Cedar Jeans CompanyFlexible Production BudgetFor the Year Ending December 31 Units of production fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable costs: Direct labor ($6.00 per unit) $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 Direct materials ($8.00 per unit) fill in the blank 7 fill in the blank 8 fill in the blank 9 Variable manufacturing costs ($2.50 per unit) fill in the blank 10 fill in the blank 11 fill in the blank 12 Total variable costs $fill in the blank 13 $fill in the blank 14 $fill in the blank 15 Fixed costs: Supervisor's salaries $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 Rent fill in the blank 19 fill in the blank 20 fill in the blank 21 Depreciation on equipment fill in the blank 22 fill in the blank 23 fill in the blank 24 Total fixed costs $fill in the blank 25 $fill in the blank 26 $fill in the blank 27 Total costs $fill in the blank 28 $fill in the blank 29 $fill in the blank 30

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 3BE

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Prepare a flexible production budget for the year ending December 31 for Cedar Jeans Company using production levels of 16,000, 18,000, and 20,000 units produced. The following additional information is necessary to complete the budget:

Variable costs:
Direct labor ($6.00 per unit)
Direct materials ($8.00 per unit)
Variable manufacturing costs ($2.50 per unit)

Fixed costs:
Supervisor's salaries	$80,000
Rent	12,000
Depreciation on equipment	24,000

Cedar Jeans CompanyFlexible Production BudgetFor the Year Ending December 31

Units of production	fill in the blank 1	fill in the blank 2	fill in the blank 3
Variable costs:
Direct labor ($6.00 per unit)	$fill in the blank 4	$fill in the blank 5	$fill in the blank 6
Direct materials ($8.00 per unit)	fill in the blank 7	fill in the blank 8	fill in the blank 9
Variable manufacturing costs ($2.50 per unit)	fill in the blank 10	fill in the blank 11	fill in the blank 12
Total variable costs	$fill in the blank 13	$fill in the blank 14	$fill in the blank 15
Fixed costs:
Supervisor's salaries	$fill in the blank 16	$fill in the blank 17	$fill in the blank 18
Rent	fill in the blank 19	fill in the blank 20	fill in the blank 21
Depreciation on equipment	fill in the blank 22	fill in the blank 23	fill in the blank 24
Total fixed costs	$fill in the blank 25	$fill in the blank 26	$fill in the blank 27
Total costs	$fill in the blank 28	$fill in the blank 29	$fill in the blank 30

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