Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $12.000 and property tax

image text in transcribed
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $12.000 and property tax of $12,000 for 7,000 hours of production. The department actually com- pleted 7,500 hours of production. that it uses flexible budgeting. OBJ. 2 Determine the budget for the department, assuming EE6-1 p 235 PE61B Flexible budgeting OBJ. 2 At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depreciation of $2,300 for 640 hours of production. The department actually completed 600 hours of production. Determine the budget for the department assuming that it uses flexible budgeting. EE6-2 p 238 PE 6-2A Production budget OBJ. 4 MyLife Chronicles Inc. projected sales of 240,000 diaries for 2016. The estimated January 2016, inventory is 19,900 units, and the desired December 31, 2016, inventory is 1 units. What is the budgeted production (in units) for 2016 8,8oo EE6-2 p 238 PE 6-2B Production budget OBJ. 4 Magnolia Candle Inc. projected sales of 75,000 candles for 2016. The estimated January 1, 2016, inventory is 3,500 units, and the desired December 31, 2016, inventory is 2,700 units. What is the budgeted production (in units) for 2016 OBJ.4 PE 6-3A MyLife Chronicles Inc. budgeted production of 238,900 diaries in 2016. Paper is required to produce a diary. Assume five square yards of paper are required for each diary. The estimated January 1, 2016, paper inventory is 32,400 square yards. The desired December 31, 2016, paper inventory is 30,800 square yards. If paper costs $0.30 per square yard, determine the direct materials purchases budget for 2016. EE 6-3 p240 Direct materials purchases budget OBJ. 4 Direct materials purchases budget PE 6-3B Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Wax is required to produce a candle. Assume eight ounces (one-half of a pound) of wax is required for each candle. The estimated January 1, 2016, wax inventory is 2,500 pounds. The desired December 31, 2016, wax inventory is 2,100 pounds. If candle wax costs $4.10 per pound determine the direct materials purchases budget for 20106. EE 6-3 p 240

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

1. Understand how verbal and nonverbal communication differ.

Answered: 1 week ago