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mash [69]
3 years ago
10

Wind Productions uses flexible budgets. Items from the budget for March in which 3,000 units were produced and sold appear below

: Direct materials$18,000 Indirect materials - variable2,000 Supervisor salaries15,000 Depreciation on factory equipment4,000 Direct labor10,000 Property taxes on factory1,000
If Wind prepares a flexible budget at 4,000 units, compute its total variable cost.
Total variable cost$
Business
1 answer:
ladessa [460]3 years ago
5 0

Answer:

$40,000

Explanation:

For computing the total variable cost, first we have to determine the variable cost per unit which is shown below:

= (Direct materials cost + Indirect materials - variable + Direct labor cost) ÷ (number of units produced and sold)

= ($18,000 + $2,000 + $10,000) ÷ (3,000 units)

= ($30,000) ÷ (3,000 units)

= $10 per unit

Now the total variable cost would be

= $4,000 units × $10 per unit

= $40,000

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At December 31, Idaho Company had the following ending account balances:
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Answer:

Balance of Stockholder's Equity at December 31 is $1,910,000.

Explanation:

This will appear as follows

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<u>Details                                                                         $      </u>

Stockholder's Equity:

Common Stock                                                       525,000

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Additional Paid-In Cap. - Preferred Stock              50,000

Treasury Stock                                                        (40,000 )

Retained Earnings                                                <u>  250,000  </u>

Balance at December 31                                    <u>   1,910,000  </u>

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A screenshot is attached to get the full solution

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