Budgeted amounts for the year: Materials .......2 leather strips @ $3.00 Labor ..........0.5 hr. @ $12.00 Variable

Question:

Budgeted amounts for the year:

Materials .......2 leather strips @ $3.00

Labor ..........0.5 hr. @ $12.00

Variable overhead .....0.5 hr. @ $1.00

Fixed overhead ......$4,500

Required:

1. Prepare a flexible budget for 2,000, 3,000, and 4,000 units.

2. Calculate the unit cost at 2,000, 3,000, and 4,000 units. What happens to unit cost as the number of units produced increases?

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Cornerstones of Managerial Accounting

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Question Posted: Feb 04, 2012 12:14 AM

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Budgeted amounts for the year: Materials .......2 leather strips @ $3.00 Labor ..........0.5 hr. @ $12.00 Variable

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