Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Simple sugar a supplier to Kraft Foods reported the following data: Planning quantities Estimated sales 2,100 units Sales $33Q Cost of goods sold $18Q

image text in transcribed

Simple sugar a supplier to Kraft Foods reported the following data: Planning quantities Estimated sales 2,100 units Sales $33Q Cost of goods sold $18Q Salaries expense $6,000 per month Utilities expense $250 + $4Q Rent expense $2,700 per month Misc expense $500+ $6Q Actual Results Actual Sales 2,400 units Sales $80,500 Cost of goods sold $45,600 Salaries expense $6,200 Utilities expense $10,250 Rent expense $2,700 Misc expense $14,800 What is misc. expense for the flexible budget? $500 $13,100 O $14,900 O $14,800

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

Ethical Obligations and Decision Making in Accounting Text and Cases

Authors: Steven Mintz, Roselyn Morris

3rd edition

007786221X, 978-0077862213

More Books

Students also viewed these Accounting questions