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PIT_PIT [208]
3 years ago
11

Timothy, LLC, originally budgeted $10,000 of costs to produce 100 toy cars. $5,000 of these costs consisted of direct labor, $1,

000 consisted of raw materials, and $3,000 consisted of fixed licensing and rental costs. Timothy, LLC also budgeted $30,000 of revenue from the sale of these cars. Timothy, LLC actually produced and sold 160 toy cars (no beginning or ending FG or WIP inventory). What is the flexible budget amount of raw materials?
Business
1 answer:
dolphi86 [110]3 years ago
3 0

Answer:

$1,600

Explanation:

Budgeted raw material cost per toy car:

= Total budgeted raw material cost ÷ Budgeted production(in units)

= $1,000 ÷ 100 toy cars

= $10 per toy car

Flexible budget of raw material:

= Actual number of toy cars sold × Budgeted raw material cost per toy car

= 160 × $10 per toy car

= $1,600

Therefore, the flexible budget amount of raw materials is $1,600.

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ExtremeBDS [4]

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2 years ago
"Division A, which is operating at capacity, produces a component that currently sells in a competitive market for $25 per unit.
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Answer:

$25 per unit

Explanation:

Data provided in the question

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Based on the above information, the price that division A should charged from Division B is equal to the selling price per unit i.e $25 because Division A currently sells and operates in a competitive market so it should be same for division B

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3 years ago
During a visit to new york city, noah is approached by steve guttenburg, who asks noah if will accept a free button from him. no
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7 0
2 years ago
Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea
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Explanation:

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From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.

6 0
3 years ago
1. ______control environment risk assessment control procedures monitoring information and communication.2. ______provides reaso
Yuki888 [10]

Answer:

  1. Five internal controls
  2. Control procedures.
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Explanation:

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