Question
Please answer with the correct response and a brief explanation of the answers please. Thank you! Question #4 If fixed costs are $300,000, variable costs
Please answer with the correct response and a brief explanation of the answers please. Thank you!
Question #4
If fixed costs are $300,000, variable costs were 55% of sales, and sales were $1,000,000.Operating profit would be:
$200,000
$210,000-----Incorrect
$140,000
$150,000
Question #12
McCabe Manufacturing Co.'s budget at 8,000 units of production includes $40,000 for direct labor and $4,000 for electric power.Total fixed costs are $23,000.At 9,000 units of production, a flexible budget would show:
variable costs of $44,000 and $23,000 of fixed costs-----Incorrect
variable costs of $49,500 and $25,875 of fixed costs
variable and fixed costs totaling $75,375
variable costs of $49,500 and $23,000 of fixed costs
Question #15
Which of the following budgetsis based on the number of products to be made and provides the starting point for the preparation of the direct labor cost budget?
Cash budget
Sales budget
Production budget
Direct materials purchases budget----Incorrect
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