Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 06, 2024

Aarons chairs is in the process of preparing a production cost budget for august actual cost in july for 120 chairs : material cost 4770

Aarons chairs is in the process of preparing a production cost budget for august

actual cost in july for 120 chairs :

material cost 4770

labor cost 2630

rent 1500

depreciation 2500

other fixed cost 3600

materials and labor are the only variable cost . If production sales are budgeted to change to 130 in august , how much is the expected total variable cost on the august budget ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Essentials of Managerial Finance

Authors: Scott Besley, Eugene F. Brigham

14th edition

324422709, 324422702, 978-0324422702

More Books

Students also viewed these Finance questions

Question

★★★★★

Abercrombie, like Deckers Outdoor and Wolverine, operates in the apparel industry. Selected financial data for Abercrombie is provided as follows: Required: 1. Calculate the return on equity for...

Answered: 1 week ago

Question

★★★★★

1.17 LO7 In relation to recent corporate crashes, what have been the main lessons in relation to the accounting process (recording and reporting procedures)?

Answered: 1 week ago

Question

★★★★★

=+c) Whether the decision you made to out-source manufacturing last year turned out to be the cost-saver you thought it would be. Section 23.2

Answered: 1 week ago

Question

★★★★★

Overnight Laundry is considering the purchase of a new pressing machine that would cost $100,000 and would produce incremental cash flows of $25,000 annually for 6 years. The machine has a terminal...

Answered: 1 week ago

Question

★★★★★

The Row Boat Cafe has operating cash flow of $ 3 6 , 4 0 7 . Depreciation is $ 4 , 6 0 9 and interest paid is $ 1 , 1 0 5 . A net total of $ 3 , 7 8 0 was paid on long - term debt. The firm spent $ 1...

Answered: 1 week ago

Question

★★★★★

Grouper Corporation needs to set a target price for its newly designed product M 1 4 - M 1 6 . The following data relate to this new product. \ table [ [ , Per Unit,Total ] , [ Direct materials,$ 2 4...

Answered: 1 week ago

Question

★★★★★

Calculate a 90% confidence level. What is the T-Confidence level? Column1 Mean 29347.5 Standard Error 5974.512153 Median 25325 Mode #N/A Standard Deviati 18893.06631 Sample Variance 356947954.7...

Answered: 1 week ago

Question

★★★★★

Accounting break-even Unit price Unit variable cost 18,980 $103 ? Fixed costs Depreciation $425,860 $372,118 What is the Unit Variable Cost? Note: Do not put the $ sign and only use two decimal...

Answered: 1 week ago

Question

★★★★★

A commercial building that has a value of $600,000 is insured on a Broad Perils policy with a coverage limit of $400,000. and a deductible of $1,000. 1. If a new building has a replacement cost of...

Answered: 1 week ago

Question

★★★★★

The reading and videos for this week bring to light some of the ethical and business-related issues in collecting and using data gathered about customer behaviors and using it to target advertising....

Answered: 1 week ago

Question

★★★★★

You are a large customer of a major Wall Street investment bank. They believe the price of oil will be going up over the next year and they are willing to enter an unlimited number of long positions...

Answered: 1 week ago

Question

★★★★★

Entries for Costs in a Job Order Cost System a. Materials purchased on account, $636,560. b. Materials requisitioned, $534,710, of which $69,510 was for general factory use. c. Factory labor used,...

Answered: 1 week ago

Question

★★★★★

ATs Auto Supply ("Everything you need for your car") carries a variety of auto parts in cluding oil filters. The sales budget for oil filters for the first six months of the year is pre sented below....

Answered: 1 week ago

Question

★★★★★

Refer to 8-6. Rick thinks that it may be time to refuse to accept checks and to start accept ing credit cards. He is negotiating with VISA/MasterCard and American Express, and he would start the new...

Answered: 1 week ago

Question

★★★★★

Brickman Manufacturing, Inc., has developed the following flexible budget for overhead for the coming year. Activity level is measured in direct labor hours. Brickman produces two different styles of...

Answered: 1 week ago

Previous Question Next Question