Please i request to answer all the the questions i have last question on my subscription it will again renew on 14th aug.

11 Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $735,000 and cost of goods sold is 40% of sales. The expected selling expenses are $81,500 and the expected general and administrative expenses are $90,500, which includes $23,500 of depreciation. The company's income tax rate is 30%. The budgeted net income for 2018 is: Multiple Choice $441,000. $188,300. $269,000. $84,800. o $80,700. 10 Flagstaff Company has budgeted production units of 8,800 for July and 9,000 for August. The direct materials requirement per unit is 3 ounces (oz.). The company requires to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. There was 5,280 ounces of direct material in inventory at the start of July. The total ounces of direct materials to be purchased in July is: Multiple Choice 26,400 oz. 27,000 oz. 31.800 oz. O 26,520 oz. 26,280 oz. U7 A company's history indicates that 30% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale, 40% in the next month, and 25% the following month. Projected sales for January, February, and March are $62,000, $87,000 and $97,000, respectively. The March expected cash receipts from current and prior credit sales is: Multiple Choice $50,730 $60,430 $55,580 $79,400 O $73,600 5 Product A has a sales price of $14 per unit. Based on a 14,000-unit production level, the variable costs are $9 per unit and the fixed costs are $3 per unit. Using a flexible budget for 16,500 units, what is the budgeted operating income from Product A? Skipped Multiple Choice $40,500. $35,000. O $16,500. $92,500. $42,000. O 10 The standard materials cost to produce 1 unit of Product R is 5 pounds of material at a standard price of $48 per pound. In manufacturing 8,000 units, 39,000 pounds of material were used at a cost of $49 per pound. What is the total direct materials cost variance? Skipped Multiple Choice $9,000 unfavorable. $9,000 favorable. $49,000 unfavorable. $40,000 unfavorable. $49,000 favorable. 11 The standard materials cost to produce 1 unit of Product R is 5 pounds of material at a standard price of $42 per pound. In manufacturing 7,600 units, 35,000 pounds of material were used at a cost of $43 per pound. What is the direct materials price variance? Skipped Multiple Choice $35,000 unfavorable. $35,000 favorable. $126.000 unfavorable. $126,000 favorable. $91,000 favorable. 12 Cavern Company's output for the current period results in a $5,600 unfavorable direct material price variance. The actual price per pound is $62.00 and the standard price per pound is $60.00. How many pounds of material are used in the current period? Skipped Multiple Choice 5,600. O O 8,400. O 2.800. 2,710. O 8,310. O m. Required information The following information applies to the questions displayed below.) Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. 10 points eBook Print References PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2019 Sales $3,150,000 Cost of goods sold Direct materials $ 960,000 Direct labor 210,000 Machinery repairs (variable cost) ) 45,000 Depreciation-Plant equipment (straight-line) 315,000 Utilities ($60,000 is variable) 210,000 Plant management salaries 190,000 1,930,000 Gross profit 1,220,000 Selling expenses Packaging 90,000 Shipping 105,000 Sales salary (fixed annual amount) 235,000 430,000 General and administrative expenses Advertising expense 125,000 Salaries 230,000 Entertainment expense 85,000 440,000 Income from operations $ 350,000 Required: 1&2. Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed. PHOENIX COMPANY Flexible Budgets For Year Ended December 31, 2019 Flexible Budget Variable Amount Total Fixed per Unit Cost $ 210.00 Flexible Budget for: nits Sales Unit Sales of of 14,000 16,000 $ 2,940,000 $3,360,000 896.000 64.00 14.00 1,024,000 224,000 Sales Variable costs Direct materials Direct labor Machinery repairs Utilities Packaging Shipping 196,000 42,000 56,000 3.00 4.00 6.00 7.00 48,000 64,000 96,000 112,000 r 84,000 98,000 98.00 1,372,000 1,568,000 1,568,000 1,792,000 112.00 315,000 150.000 Total variable costs Contribution margin Fixed costs Depreciation-Plant equipment (straight-line) Utilities Plant management salaries Sales salary Advertising expense Salaries Entertainment expense 17 315,000 150,000 190,000 235,000 125,000 230,000 85,000 190,000 235,000 315,000 150,000 190,000 235,000 125,000 230,000 85,000 125,000 230,000 85,000 Total fixed costs $ 1,330,000 $1,330,000 $ 238,000 $1,330,000 $ 462,000 Income from operations