Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crede Company budgeted selling expenses of $29,000 in January, $35,200 in February, and $40,900 in March. Actual seling expenses were $30,100 in January, $34,620 in

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Crede Company budgeted selling expenses of $29,000 in January, $35,200 in February, and $40,900 in March. Actual seling expenses were $30,100 in January, $34,620 in February, and $47,700 in March. The company considers any difference that is less than 5% of the budgeted amount to be immaterial, Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. For By Month Month Budget Actual Difference $ $ January February March Crede Company budgeted selling expenses of $29,000 in January, $35,200 in February, and $40,900 in March. Actual selling expenses were $30,100 in January, $34,620 in February, and $47,700 in March. The company considers any difference that is less than 5% of the budgeted amount to be immaterial. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. CREDE COMPANY Selling Expense Report For the Quarter Ending March 31 Month Difference Budget Actual $ Gundy Company expects to produce 1,308,000 units of Product XX in 2020. Monthly production is expected to range from 73,000 to 107,000 units, Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $7, and overhead $9. Budgeted fixed manufacturing costs per unitfor depreciation are 55 and for supervision are $3. Prepare a flexible manufacturing budget for the relevant range value using 17.000 unit increments. (List variable costs before fored costs) GUNDY COMPANY Monthly Flexible Manufacturing Budget For the Year 2020 Monthly Flexible Manufacturing Budget For the Year 2020 I $ > $ 3

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

Recommended Textbook for

Financial Accounting

Authors: John Stittle, Robert Wearing

1st Edition

1412935024, 9781412935029

More Books

Students also viewed these Accounting questions

Question

What other requirements do they have for admission?

Answered: 1 week ago

Question

What does this public think about this issue?

Answered: 1 week ago

Question

What benefits can you offer this public?

Answered: 1 week ago

Question

How free does this public see itself to act on this issue?

Answered: 1 week ago