Project #49119 - Acct

     

 


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a.  Prepare a flexible budget for the actual units produced for January, February, and March in the Machining Department. Assume depreciation is a fixed cost. Enter all amounts as positive numbers. If required, use per unit amounts carried out to two decimal places.



Nell Company-Machining Department
Flexible Production Budget
For the Three Months Ending March 31, 2014
   
January
 
February
 
March
Units of production
 
 
 
Wages
 
$
 
$
 
$
Utilities
 
 
 
Depreciation
 
 
 
Total
 
$
 
$
 
$

 

 

b.  Compare the flexible budget with the actual expenditures for the first three months.

  January February March
Total flexible budget $ $ $
Actual cost
Excess of actual cost over budget $ $ $

What does this comparison suggest?

The Machining Department has performed better than originally thought.   YES OR NO  
The department is spending more than would be expected.      YES OR NO
Steel per filing cabinet 48 pounds
Direct labor per filing cabinet 30 minutes
Supervisor salaries $147,000 per month
Depreciation $24,000 per month
Direct labor rate $12 per hour
Steel cost $1.53 per pound

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Prepare a flexible budget for 15,000, 19,000, and 23,000 filing cabinets for the month of October 2014, similar to Exhibit 5, assuming that inventories are not significant. Enter all amounts as positive numbers.



Cabinaire Inc-Fabrication Department
Flexible Production Budget
October 2014 (assumed data)
Units of production
 
15,000
 
19,000
 
23,000
Variable cost:
           
Direct labor
 
$
 
$
 
$
Direct materials
 
 
 
Total variable cost
 
$
 
$
 
$
Fixed cost:
           
Supervisor salaries
 
$
 
$
 
$
Depreciation
 
 
 
Total fixed cost
 
$
 
$
 
$
Total department cost
 
$
 
$
 
$

 

 

 

 

 

Subject Business
Due By (Pacific Time) 11/30/2014 11:00 pm
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