Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribedimage text in transcribed

Please help with the following: image text in transcribed

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

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

Health Economics And Financing

Authors: Thomas E. Getzen, Michael S. Kobernick

6th Edition

1119815681, 9781119815686

More Books

Students also viewed these Accounting questions

Question

Why do some people resist change?

Answered: 1 week ago

Question

Discuss the various types of policies ?

Answered: 1 week ago

Question

Briefly explain the various types of leadership ?

Answered: 1 week ago

Question

Explain the need for and importance of co-ordination?

Answered: 1 week ago

Question

Explain the contribution of Peter F. Drucker to Management .

Answered: 1 week ago