Omni VR Treadmill. CodeCombat Lear The 7% Body Fat Di. Illusions Continuous ·Old

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Omni VR Treadmill. CodeCombat Lear The 7% Body Fat Di. Illusions Continuous ·Old School Runes ya ubspot in und Compan Needing AG, 22 C. WleyPLUS: MyWileyPLUS H Contact Us I Log Out Weygandt, Financial & Managerial Accounting, 2e Financial and Managerial Accounting (ACCTG 10 and 11) Gradebook ORION Downloadable eTextbook nt MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION4 BACK NEXT Exercise 24-7 (Part Level Submission) Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants to begin using a flexible budgeting system, rather than use only the current master budget. The following data are available for AP's expected costs at production levels of 90,000, 100,000, and 110,000 units. Variable costs Manufacturing Administrative Selling $6 per unit $4 per unit $3 per unit Fixed costs facturing Administrative $160,000 $80,000 (a) Prepare a flexible budget for each of the possible production levels: 90,000, 100,000, and 110,000 units. (List variable costs before fixed costs.) APPLIANCE POSSIBLE INC. Flexible Production Cost Budget Variable Costs Total Variable Costs Total Costs Production Levels Activity Level Fixed Costs Manufacturing Administrative Selling Total Fixed Costs Show All x IMG 6148.jpg

Explanation / Answer

Answer

IN Flexible Production Budge :

Variable cost varie with Production

But Fixed cost will remain Same. Also Administration And Selling expense are not part of production budget since only cost related to production i.e. Manufacturing is to be taken.

So Flexible Budget will be

Production Units ....> 90000 Units 100000 Units 110000 Units Variable Manufacturing Cost 540000 600000 660000 Variable Administrative Cost 360000 400000 440000 Variable Selling expense 270000 300000 330000 Total Variable Cost 1170000 1300000 1430000 Fixed Manufacturing Cost 160000 160000 160000 Fixed Administration Cost 80000 80000 80000 Total Fixed Cost 240000 240000 240000 Total Budget Cost 1410000 1540000 1670000

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