1. Bradley Co. budgets its total production costs at $220,000 for 75,000 units of output and $275,000 for 100,000 units of output. Since additional facilities are needed to produce 100,000 units, fixed costs are budgeted at 20% more than for 75,000 units. What is Bradley's budgeted fixed cost at 100,000 units? A. 165,000 B. 156,000 C. 66,000 D. 16,500 2.Smart Company is relocating its facilities. The company estimates that it will take three trucks to move office contents. If the per truck rental charge is $1,000 plus 25 cents per mile, what is the expected cost to move 800 miles? A. $1,000 B.$1,200 C. $2,400 3. The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Cost Function Electricity Maintenance Supervisors' salaries D. $3,600 $100+$20 per direct labor hour $200 $30 per direct labor hour $10,000 per month $16 per direct labor hour Indirect materials If July production is expected to be 1,000 units requiring 1,500 direct labor hours, estimated manufacturing overhead costs would be A. $109,300 B.$99,000 C.$76,300 D.$10,366

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It…

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future…