Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help with the following: Part A. Break-even Analysis Part B. Budgets Finished Goods Inventory Materials Inventory Instructions 1. Determine the fixed and variable portion
Please help with the following:
Part A. Break-even Analysis Part B. Budgets Finished Goods Inventory Materials Inventory Instructions 1. Determine the fixed and variable portion of the utility cost using the high-low 2. Determine the contrinution margin per case. 3. Determine the fixed costs per month, including the utility fixed cost from question (1). 4.Determine the break-even num ber of cases per month There was negligible work in process inventory assumed for either the beginning or end of the month: thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operatina data from Januarv. Instructions 5.Prepare the August production budget. 6.Prepare the August direct materials purchases budget. Part C. August Variance Analysis During September of the current year, Robin was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities per case. There were 1,500 actual cases produced during August, which was 250 more cases than planned at the beginning of the month. Actual data for August were as follows: Requirement \#6: Develop the direct materials purchases budget
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