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3 years ago

The type of budget that budgets standard costs for the actual volume of production is a

1 answer:

6 0

The type of budget that budgets standard costs for the actual volume of production is a flexible budget. In addition, a flexible budget is a specific kind of budget wherein it is heavily dependednt to the actual volume of an activity. In contrary to a static budget, it is considered to be more dynamic.

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Lagle Corporation has provided the following information:

mezya [45]

Answer:

b.$20,550

Explanation:

The period costs are those costs which include costs for a particular period. The calculation for these costs differ under the two methods absorption and variable. Under absorption Costing the Period costs include Variable selling and administrative + Fixed selling and administrative expenses.

Lagle Corporation

Absorption Costing

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70 * 7000= $ 25900

Variable manufacturing overhead $ 1.45 * 7000= $ 10150

Fixed manufacturing overhead $ 18,200

Total Product costs $ 87,500

Sales commissions $ 1.70 * 7000=$ 11900

Variable administrative expense $ 0.55 * 7000= $ 3850

Fixed selling and administrative expense $ 4,800

Total Period Costs $ 20550

Mostly Absorption costing is used for daily basis. Therefore Choice b is the best option.

Under variable costing the Period costs include Fixed manufacturing overheads + Fixed selling and administrative expenses.

Lagle Corporation

Variable Costing

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70 * 7000= $ 25900

Variable manufacturing overhead $ 1.45 * 7000= $ 10150

Sales commissions $ 1.70 * 7000=$ 11900

Variable administrative expense $ 0.55 * 7000= $ 3850

Total Product costs $ 85,050

Fixed selling and administrative expense $ 4,800

Fixed manufacturing overhead $ 18,200

Total Period Costs $ 23000

7 0

3 years ago

The __________ is a graphical representation of the term structure of interest rates.

omeli [17]

This is a yield curve

6 0

3 years ago

The additional unit of happiness that you receive from a decision is called the _____

Amanda [17]

The additional unit of happiness that you receive from a decision is called the utility. Utility is a term used by economists to describe the measurement of "useful-ness" that a consumer obtains from any good. Hope this answers the question. Have a nice day.

8 0

3 years ago

Read 2 more answers

A spurious relationship occurs between two variables when:

Solnce55 [7]

Bovin and bogus are the 2 variablez used in a spurious relationship

6 0

3 years ago

g Cabal Products is a division of a major corporation. Last year the division had total sales of $10,333,500, net operating inco

timama [110]

Answer:

2.49

Explanation:

The division’s turnover is computed using the formula of turnover ratio. Divide the total sales portion of the division with the average operating assets that gives the division’s turnover.

Division Turnover= Sales / Average Operating Cost

DT= $10,333,500 / $4,150,000

DT= 2.49

The division's turnover is closest to 2.49

6 0

3 years ago