Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ques no. 19-20 both please wwebapps/assessment/take/launch.jsp?course_assessment_id=_70978_18.course_id=_144029_1&content_id=_4694247_1&step=null Show Timer Question Completion Status: QUESTION 19 Thai Connection Ltd is a travel agency. They budget for monthly costs

ques no. 19-20 both please image text in transcribed
wwebapps/assessment/take/launch.jsp?course_assessment_id=_70978_18.course_id=_144029_1&content_id=_4694247_1&step=null Show Timer Question Completion Status: QUESTION 19 Thai Connection Ltd is a travel agency. They budget for monthly costs of $50 000 plus $125 per customer served. They plan to serve 550 customers per month. During June they served 580 customers. Actual costs for June were $53 000 fixed costs and $65 000 variable costs. The static budget for June is: o Forced costs $50 000, Variable Costs $65 000 Forced costs $50 000 Variable costs $125 Fixed costs $53000, Variable costs $65 000 Fixed Corts $50 000, Variable costs $6875 QUESTION 20 Fickle Factory Ltd produces unique large ceramic frogs. The accountant has collected the following information regarding standard costs Production input Standard cost Direct materials 2 kilos of raw material Each - 35 Direct labour 1 hour Direct Labour is charged at $10 per hour Variable overhead 32 per direct labour hour Fixed overhead $4 per frog Totalfixed overhead for the year is estimated to be 10 000. The selling price for each frog is 145 Calculate the standard cost for one frog 522 $26 Chek Save and submit to save and submit Chart to cala

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

Students also viewed these Accounting questions