Iota Inc. prepared its static budget for producing 10,000 units of one of its products for the next quarter using the following cost data: Cost Data Costs Amount Direct materials costs  $80,000 Direct labor costs  $50,000 Variable Manufacturing overhead costs  $40,000 Fixed costs for the quarter $28,000 A flexible budget for 15,000 units of production would show: Group of answer choices Direct material costs of $120,000, direct labor costs of $75,000, variable manufacturing costs of $60,000 and fixed costs of $28,000 Direct material costs of $80,000, direct labor costs of $50,000, variable manufacturing costs of $40,000 and fixed costs of $42,000 Direct material costs of $120,000, direct labor costs of $75,000, variable manufacturing costs of $60,000 and fixed costs of $42,000 Total variable costs of $195,000 and fixed costs of $102,000

Vishu

Prepare a flexible budget for the three sales levels under consideration. Waterway manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,900 canoes, 3,340 canoes, and 3,550 canoes. Canoes sell for $990 each. The standard variable cost information for a canoe is as follows. Direct materials   $ 297   Direct labor     112   Variable overhead           Utilities     35     Indirect material     30     Indirect labor     60   Total   $ 534   Annual fixed overhead cost is expected to be: Maintenance   $ 20,600   Depreciation     43,500   Insurance     29,500   Rent     33,690     Total   $ 127,290

Zaria Inc. provides the following budgeted data for producing 10,000 units of one of its products in its static budget for the next quarter: Sales per unit  $60 Variable costs per unit  $40 Fixed costs for the quarter $20,000 What would be the amount of operating income to be reported in the flexible budget prepared at a volume of 12,000 units? Group of answer choices $620,000 $216,000 $220,000 $300,000

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Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of variable costs for 20,000 units would be:

Perez Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative Perez planned to make and sell 25,000 copies of the book. Number of units Variable manufacturing costs Required: a.-d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 24,000 and 26,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 26,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Fixed costs $36.50 8.60 4.40 Master Budget 25,000 7.10 $ 131,000 50,000 Flexible Budgets 24,000 < Prev 4 of 4 26,000 Volume Variances…

Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per unit, direct labor of $3 per unit, and manufacturing overhead of $1 per unit. Fixed costs are $35,000. What would be the budgeted amounts for 20,000 and 25,000 units? PLEASE NOTE: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345). Cold X, Inc. Flexible Budget 20,000 Units 25,000 Units Production Costs Fixed Overhead Total Costs

MicroMatic Company's static budget for 14,000 units of production includes $56,000 for direct materials, $28,000 for direct labor, utilities of $7,000, and supervisor salaries of $18,000. A flexible budget for 16,000 units of production would show a. the same cost structure in total b. direct materials of $64,000, direct labor of $32.000, utilities of $8,000, and supervisor salaries of $18,000 Oc. direct materials of $56,000, direct labor of $42,000, utilities of $7,000, and supervisor salaries of $21,000 Od. total variable costs of $126.800

Miller and Sons' static budget for 10,100 units of production includes $44,800 for direct materials, $53,500 for direct labor, variable utilities of $6,600, and supervisor salaries of $14,100. A flexible budget for 12,300 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. O total variable costs of $119,000 Ob the same cost structure in total O direct materials of 554,558, direct labor of 565,15%, utilities of $8,038, and supervisor salaries of $16,920 Od direct materials of 354,558, direct labor of 565,153, utilities of 58038, and supervisor salaries of $14,100