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3 years ago

Reviewing the Budget

Business

2 answers:

professor190 [17]3 years ago

8 0

Answer:

564943

2355872-1790929

vekshin13 years ago

4 0

Answer:

For each month we calculate the variance by finding the difference between the Actual numbers and Budget numbers.

Then we indicate if the practice was "Overbudget" or "Underbudget".

If the actual numbers are less than the budget numbers, the budget is we say that the budget is under budget.

If the actual numbers are more than the budget numbers, the budget is we say that the budget is over budget.

Month Budget Actual Variance Under/ over

(Actual -Budget) Budget

January 23,55,872 17,90,929 -5,64,943 Under Budget

February 26,54,031 28,27,606 1,73,575 Over Budget

March 22,39,980 29,24,180 6,84,200 Over Budget

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3 years ago

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3 years ago

A business owner makes 1,000 items a day. Each day she contributes eight hours to produce those items. If hired, elsewhere she c

Olin [163]

Answer:

Accounting profit=$300,000

Explanation:

Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred.

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3 years ago

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FrozenT [24]

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3 years ago

Smith Fabricating uses job costing and applies overhead using a normal costing system and uses direct labour cost as the allocat

SSSSS [86.1K]

Answer: C. $950

Explanation:

Hello.

Your question was missing a few details so I threw them in. You'll find it in attachments.

To calculate the total Manufacturing costs for Job 201 we would need to calculate the overhead cost allocation rate first to find out how much Overhead to allocate to Job 201.

Using a normal costing system with direct labour cost as the allocation base,

Overhead allocation rate = (Overheads/Direct Labor Cost)*100

= (100,000/50,000)*100

=200%

Overhead allocation rate is 200% or 2x direct labor cost.

Now to calculate the total Manufacturing costs of Job 201,

Total manufacturing cost for Job 201 = Direct Material + Direct Labor + Manufacturing Overheads

= 350 + 200 + (200*2 for manufacturing overhead)

= 350 + 200 + 400

= $950

$950 is the total manufacturing cost for Job 201 making option C correct.

7 0

3 years ago