Flexible Budget with Different Levels of Production Bowling Company budgeted the following amounts: Variable costs of production:        Direct materials 3 pounds @ $0.60 per pound      Direct labor 0.5 hr. @ $16.00 per hour      VOH 0.5 hr. @ $2.20 FOH:        Materials handling $6,200      Depreciation $2,600 Required: Prepare a flexible budget for 2,500 units, 3,000 units, and 3,500 units. Bowling Company Flexible Budget     2,500 units 3,000 units 3,500 units Direct materials $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Direct labor fill in the blank 4 fill in the blank 5 fill in the blank 6 Variable overhead fill in the blank 7 fill in the blank 8 fill in the blank 9 Fixed overhead:       Materials handling fill in the blank 10 fill in the blank 11 fill in the blank 12 Depreciation fill in the blank 13 fill in the blank 14 fill in the blank 15 Total $fill in the blank 16 $fill in the blank 17 $fill in the blank 18

Ch. 8 Total Budgeted Cost of Goods Sold Problem. Please solve the following problem and explain each step.  S&P's direct material cost is $6.50 per unit.  The direct laboer is $30 per hour and each unit takes 1/2 hour to produce.  Variablel Manufacturing Overhead is $2.75 per unit and total fixed  overhead is $63,000.  A sales commission of $5 is paid on each unit.  If S&P expects to produce 9,000 units and sell 7,000 units, the total budgeted cost of goods sold for the year is?

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

Flexible budgets; predetermined OH ratesThe Splash makes large fiberglass swimming pools and uses machine hours and direct labor hours to apply overhead in the Production and Installation departments, respectively. The monthly cost formula for overhead in Production is y = $7,950 + $4.05 MH; the overhead cost formula in Installation is y = $6,150 + $14.25 DLH.These formulas are valid for a relevant range of activity up to 3,600 machine hours in Production and 5,400 direct labor hours in Installation.Each pool is estimated to require 15 machine hours in Production and 36 hours of direct labor in Installation. Expected capacity for the year is 72 pools. c. Prepare a budget for next month’s variable, fixed, and total overhead costs for each department assuming that expected production is 5 pools. d. Calculate the total overhead cost to be applied to each pool scheduled for production in the coming month if expected capacity is used to calculate the predetermined OH rates.

Direct Labor Cost Budget MatchPoint Racket Company manufactures two types tennis rackets, the Junior and Pro Striker models. The production budget for March for the two rackets is as follows: Pro Striker Junior Production budget 7,800 units 18,400 units Both rackets are produced in two departmentts, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Assembly Department Forming Department 0.25 hour per unit 0.5 hour per unit Junior 0.65 hour per unit Pro Striker 0.35 hour per unit The direct labor rate for each department is as follows: $14 per hour Forming Department $8 per hour Assembly Department Prepare the direct labor cost budget for March MatchPoint Racket Company Direct Labor Cost Budget For the Month Ending March 31 Forming Assembly Department Department Hours required for production: Junior Pro Striker Total hours required xS xS Hourly rate Total direct labor cost

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Direct Labor Cost Budget Donner Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for March for the two rackets is as follows: Junior Pro Striker Production budget 9,100 units 19,900 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.25 hour per unit 0.40 hour per unit Pro Striker 0.35 hour per unit 0.65 hour per unit The direct labor rate for each department is as follows: Forming Department $19.00 per hour Assembly Department $8.00 per hour Prepare the direct labor cost budget for March. Enter all amounts as positive numbers. DONNER RACKET COMPANY Direct Labor Cost Budget For the Month Ending March 31 Forming Department Assembly Department Houre rouirod for nrr Previous Next Check My Work Sign out O O 12:47

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Activity-Based Flexible Budgeting Foy Company has a welding activity and wants to develop a flexible budget formula for the activity. The following resources are used by the activity: • Four welding units, with a lease cost of $15,000 per year per unit • Six welding employees each paid a salary of $58,000 per year (A total of 12,000 welding hours are supplied by the six workers.) • Welding supplies: $400 per job • Welding hours: 4 hours used per job During the year, the activity operated at 95 percent of capacity and incurred the following actual activity and resource costs. • Lease cost: $60,000 • Salaries: $365,400 • Parts and supplies: $1,134,200 Required: 1. Prepare a flexible budget formula for the welding activity using welding hours as the driver. Welding cost  =  $fill in the blank e95687f99006fa4_1  +  $fill in the blank e95687f99006fa4_2 X 2. Prepare a performance report for the welding activity. In the last column of Foy Company Activity-Based…

Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 8,100 units 20,700 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.25 hour per unit 0.5 hour per unit Pro Striker 0.35 hour per unit 0.65 hour per unit The direct labor rate for each department is as follows: Forming Department $16 per hour Assembly Department $12 per hour Prepare the direct labor cost budget for July. Ace Racket Company Direct Labor Cost Budget For the Month Ending July 31 Forming Department Assembly Department Hours required for production: Junior Pro Striker Total x$ Hourly rate Total direct labor cost