Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help plz with accounting for these 5 questions Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture
need help plz with accounting for these 5 questions
Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Prepare a flexible budget for 8,000,10,000, and 12,000 filing cabinets for the month ending February 28 in the Assembly Department similar to Exhibit 5. Round your final answers to the whole dollar, if required. Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,400 and 2,200 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 1,000 and 2,400 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended March 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash poyments. b. Are the four monthly budgets that are presented prepared as stabe budpets or ferible budgets? Natic- - c. What are the budget implications for Craig Kovar? budget but went ahead with the original plan, he would be 1 ent at the end of December, with no time left to adjust. Static Budoet versus Plexible Budget: The production supervisor of the Machining Department for Hogentomen Company bereed to the following monthly static budpet for the upcoming vear: The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: The Machining Department supervibor has been very pleased wich this performance because actuat txpenditures for May-July have been significantly less than the monthly static budget of 850,000. Howevec, the plant manager believes that the bodget should not remain foced for every month but sould "flex" or adjust to the volume of work that. is produced in the Machining Department. Additional budget information for the Nechining Desortment is as follows: a. Prepare a Fexible budget for the actual units produced for May, June, and July in the Machining Department. Assume depreciation is a foxed cost. If required, use per unt amounts carried out to twe decimal places. b. Compare the firevile budget with the actual expenditures for the frst three monehs. The Machining Oesartment kas performed better than onginaly thought. The desartment is speading more than would be expected. Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: a. Prepare a sales budget. Feedback * Creok by wak Once sales quantities are estimated, the expected sales revenue can be determined. b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign 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