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umka2103 [35]
3 years ago
13

BE10.4 (LO 2), AP Gundy Company expects to produce 1,200,000 units of Product XX in 2020. Monthly production is expected to rang

e from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 20,000 unit increments. Prepare a flexible budget for variable costs.
Business
1 answer:
WINSTONCH [101]3 years ago
4 0

Answer:

                             80,000 units 100,000 units     120,000  units

Variable cost         $1,520,000   $1,900,000       $2,280,000

Total costs          $1,820,000     $2,200,000    $2,580,000

Explanation:

Activity Level    

Finished Units                80,000 units 100,000 units     120,000  units

Variable Costs:    

Direct Materials(Units × $5) $400,000     $500,000     $600,000

Direct Labor(Units × $6)       $480,000     $600,000     $720,000

Overhead (Units × $8)        $640,000     $800,000     $960,000

Total Variable Costs        $1,520,000   $1,900,000     $2,280,000

Fixed Costs  

Depreciation                      $200,000            $200,000     $200,000

Supervision                      $100,000            $100,000     $100,000

Total Fixed Costs              $300,000            $300,000     $300,000

So, Total costs               $1,820,000     $2,200,000    $2,580,000

( Variable + Fixed)

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Identify five entrepreneurial qualities that have contributed to the success of his/her business .justify your answer
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The entrepreneurial qualities that helps any businessman to be successful in his or her business are as follows:

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Suppose that in 2011, per-person GDP in Singapore was $53,591, and in Egypt, it was $5,547, as measured in 2005 purchasing power
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3 years ago
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Sheridan Company issued $6,500,000 of 6%, 10-year bonds for $5,614,000. The straight line method of amortization is to be used.
Mrac [35]

Answer:

The solution of the given query is explained throughout the segment below.

Explanation:

The given values are:

Company issued amount,

= $6,500,000

Rate of interest,

= 6%

Time,

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On bonds payable amortization, the discount will be:

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= 390,000+88,600

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