Jasper Ltd produced its budgets for November 2017 as follows: Units Material Wages Depreciation Power Salaries...
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Jasper Ltd produced its budgets for November 2017 as follows: Units Material Wages Depreciation Power Salaries Transport Materials Wages Depreciation 10 000 $ 30 000 25 000 8 000 17 000 17 000 16 000 Power Salaries Transport 11 000 $ 33 000 27 500 8 000 18 000 17 000 17500 The actual units produced during November were 11,600 units. Required: a) Prepare a budget for the actual activity level for November 2017. b) If the actual costs for November 2017 were: 12 000 $ 36 000 30 000 8000 19 000 17 000 19 000 $ 35 000 33 000 8 000 17 800 17 200 17 600 (10 marks) Prepare a statement showing the variances from the budget for the month. (10 marks) (c) Briefly distinguish between fixed and flexible budgets. (5 marks) Jasper Ltd produced its budgets for November 2017 as follows: Units Material Wages Depreciation Power Salaries Transport Materials Wages Depreciation 10 000 $ 30 000 25 000 8 000 17 000 17 000 16 000 Power Salaries Transport 11 000 $ 33 000 27 500 8 000 18 000 17 000 17500 The actual units produced during November were 11,600 units. Required: a) Prepare a budget for the actual activity level for November 2017. b) If the actual costs for November 2017 were: 12 000 $ 36 000 30 000 8000 19 000 17 000 19 000 $ 35 000 33 000 8 000 17 800 17 200 17 600 (10 marks) Prepare a statement showing the variances from the budget for the month. (10 marks) (c) Briefly distinguish between fixed and flexible budgets. (5 marks)
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Answer rating: 100% (QA)
a Budget for Actual Activity Level 11600 units Units 11600 Material 11600 units x 3 34800 Wages 1160... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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