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inn [45]
3 years ago
14

Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $22,000

after deducting variable costs of $90,000 and fixed costs of $8,000. Based on this information, the budgeted amounts of fixed and variable costs for 18,000 units would be:_______a.$8,000 of fixed costs and $90,000 of variable costs.b.$8,000 of fixed costs and $102,000 of variable costs.c.$9,600 of fixed costs and $90,000 of variable costs.d.$9,600 of fixed costs and $108,000 of variable costs.e.$8,000 of fixed costs and $108,000 of variable costs.
Business
1 answer:
jarptica [38.1K]3 years ago
8 0

Answer:

e.$8,000 of fixed costs and $108,000 of variable costs.

Explanation:

Fixed costs don't change with a change in production volume, therefore, fixed costs remain $8,000.

The cost per unit to produce 15,000 units is:

C =\frac{\$90,000}{15,000}\\C=\$6/unit

Assuming a new production volume of 18,000 units, budgeted variable costs are:

V_c=\$6*18,000= \$108,000

The budgeted amounts are: e.$8,000 of fixed costs and $108,000 of variable costs.

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Answer:

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Explanation:

Given the following:

Retained earnings at the end of Year 2 = $3,350

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Dividends paid during the period = $1,300

Retained earning for year 2 = Revenue earned by the company in Year 2 - Expenses paid during the period - Dividends paid during the period = $3,600 - $1,900 - $1,300 = $400

Retained earnings at the beginning of Year 2 can be using the following formula:

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$3,350 = Retained earnings at the beginning of Year 2 + $400

Retained earnings at the beginning of Year 2 = $3,350 - $400 = $2,950

Therefore, retained earnings at the beginning of Year 2 is $2,950.

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