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If possible. Please answer questions 1-6 on the picture and show work please. Thanks in advance. 1. Thomas & Smith Manufacturing Co.'s static budget at
If possible. Please answer questions 1-6 on the picture and show work please. Thanks in advance. 1. Thomas & Smith Manufacturing Co.'s static budget at 10,000 units ofproduction includes S40,000 for direct materials and $4,000 for direct labor. Total fixed costs are $16,700. At 9,000 units of production, a flexible budget would show variable costs of $39,600, and fixed costs would be 2. The budget procedure that requires all levels of management to start from zero in estimating sales, production, and other operating data is called 3. A formal written statement of management's plans for the future, expressed in financial terms, is called a 4. A budget procedure that provides for the maintenance at all times of a a twelve-month projection into the future is called.......... 5-6. Below is budgeted production and sales information for Foster Company for the month of October: Product AAA Product BBB Estimated beginning inventory 30,000 units 18,000 units Desired ending inventory 32,000 units. 15,000 units Region I, anticipated sales 320,000 units. 260,000 units Region II, anticipated sales 190,000 units 130,000 units The unit selling price for product AAA is $12 and for product BBB is $18. 5. Total Budgeted sales for Product AAA for the month are s 6. Budgeted production for Product AAA uring the is units month
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