Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A planning budget for Clyde's Pies is as follows: Clyde's Pies Budgeting Income Statement For Year Ended 12/31/20 p = 4,250 pies h = 5,000

image text in transcribed

A planning budget for Clyde's Pies is as follows: Clyde's Pies Budgeting Income Statement For Year Ended 12/31/20 p = 4,250 pies h = 5,000 hours $127,500 -60,000 Sales ($30p) Expenses Wages Expense ($12h) Supplies ($2.20p) Utilities ($0.20h) Selling and Admin. ($300 + $5h) -9,350 -1,000 -25,300 Net Operating Income 31,850 During 2020, Clyde's Pies actually made 5,100 pies and worked 5,900 hours. What amount would be shown for Wages Expense on the Flexible Budget? O A. $61,200 B. $70,800 C. $60,000 D. $51,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

3. Define the attributions we use to explain behavior

Answered: 1 week ago