Flexible budget for assembly department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet Supervisor salaries Depreciation Direct labor rate Prepare a flexible budget for 13,000, 16,000, and 20,000 filing cabinets for the month ending February 28 in the Assembly Department, similar to Exhibit 4. Round your final answers to the whole dollar, if required. Cabinaire Inc. Total variable cost Assembly Department Budget For the Month Ending February 28 (assumed data) Line Item Description Amount Amount Amount 13,000 16,000 20,000 Units of production Variable cost: Fixed cost: 30 minutes Total fixed cost $111,000 per month $21,000 per month $15 per hour 000

Required: Complete the company's flexible budget for August.

Print Item Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for July is summarized as follows: a. Estimated sales for July by sales territory: Maine: Backyard Chef 310 units at $700 per unit Master Chef 150 units at $1,200 per unit Vermont: Backyard Chef 240 units at $750 per unit Master Chef 110 units at $1,300 per unit New Hampshire: Backyard Chef 360 units at $750 per unit Master Chef 180 units at $1,400 per unit b. Estimated inventories at July 1: Direct materials: Grates 290 units Stainless steel   1,500 lbs.   Burner subassemblies 170 units Shelves 340 units Finished products: Backyard Chef 30 units Master Chef 32 units c. Desired inventories at July 31: Direct materials: Grates 340 units…

Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet 30 minutes Supervisor salaries $117,000 per month Depreciation $32,000 per month Direct labor rate $15 per hour Prepare a flexible budget for 11,000, 14,000, and 17,000 filing cabinets for the month of August in the Assembly Department, similar to Exhibit 5. Cabinaire Inc-Assembly Department Flexible Production Budget For the Month Ending August 31 (assumed data) Units of production 11,000 14,000 17,000 Variable cost: Direct labor Fixed cost: Supervisor salaries Depreciation Total fixed cost Total department cost

! Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300 units in August. Each unit requires 4 hours of direct labor at a rate of $16 per hour. The company applies variable overhead at the rate of $12 per direct labor hour. Budgeted fixed factory overhead is $180,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget Direct labor hours needed Variable overhead rate per direct labor hour Budgeted variable overhead Budgeted fixed overhead Budgeted total factory overhead August $ 0

Flexible Budget Performance Report AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February: The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $2,900 plus $35 per job, and the actual mobile lab operating expenses for February were $4,530. The company expected to work 50 jobs in February, but actually worked 52 jobs. Required: Using Exhibit 9–8 as your guide, prepare a flexible budget performance report showing AirQual Test corporation’s revenue and spending variances and activity variances for February. Exhibit 9–8 Performance Report Combining Activity Variances with Revenue and Spending Variances

Preparing an Overhead Budget Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the coming year are: January 13,140 February 12,300 March 15,075 The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,890 per month. Required: Prepare an overhead budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer. Round total variable overhead and total overhead to the nearest dollar. Overhead: January February March Total Total direct labor hrs fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 Variable overhead rate $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 Total variable overhead $fill in the blank 9 $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 Add: Fixed overhead fill in the blank 13 fill in the…

Flexible Budget for Assembly Department Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet 12 minutes Supervisor salaries $150,000 per month Depreciation $24,500 per month Direct labor rate $22 per hour Prepare a flexible budget for 18,000, 20,000, and 22,000 filing cabinets for the month of August in the Assembly Department, similar to Exhibit 5. Steelcase Inc.-Assembly Department Flexible Production Budget For the Month Ending August 31 (assumed data) Units of production 18,000 20,000 22,000 Variable cost: Direct labor Fixed cost: Supervisor salaries $4 $4 Depreciation Total fixed cost $4 $ Total department cost $4 $ $4

Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: a. Estimated sales for March by sales territory: Maine:   Backyard Chef 350 units at $800 per unit   Master Chef 200 units at $1,400 per unit Vermont:   Backyard Chef 400 units at $825 per unit   Master Chef 240 units at $1,500 per unit New Hampshire:   Backyard Chef 320 units at $850 per unit   Master Chef 200 units at $1,600 per unit b. Estimated inventories at March 1: Direct materials:   Grates 320 units   Stainless steel   1,700 lb.     Burner subassemblies 190 units   Shelves 350 units Finished products:   Backyard Chef 30 units   Master Chef 36 units c. Desired inventories at March 31: Direct materials:…

Flexible Budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $64,800 and property tax of $36,000 for 3,600 hours of production. The department actually completed 4,300 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 120,400 X Feedback Check My Wirk Remember that a flexible budget is constructed by first identifying the relevant activity levels, secondly identifying the fixed and variable cost components of the costs being budgeted, and then preparing the budget for each activity level.