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Lina20 [59]
2 years ago
15

Flexible Budget for Assembly Department Steelcase Inc. (SCS) is one of the largest manufacturers of office furniture in the Unit

ed States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet 18 minutes Supervisor salaries $250,000 per month Depreciation $18,500 per month Direct labor rate $28 per hour Prepare a flexible budget for 70,000, 80,000, and 90,000 filing cabinets for the month ending February 28 in the Assembly Department, similar to Exhibit 5.
Business
1 answer:
DochEvi [55]2 years ago
3 0

Answer:

Results are below.

Explanation:

Giving the following formula:

Direct labor per filing cabinet=  18/60= 0.3

Direct labor rate $28 per hour

<u>The supervisor salary and depreciation will remain constant, we will not take them into account.</u>

70,000 units:

Direct labor hours= (0.3*70,000)= 21,000

Direct labor cost= 21,000*28= $588,000

80,000 units:

Direct labor hours= (0.3*80,000)= 24,000

Direct labor cost= 24,000*28= $672,000

90,000 units:

Direct labor hours= (0.3*90,000)= 27,000

Direct labor cost= 27,000*28= $756,000

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Answer:

a.budget

Explanation:

The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.

It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms

Hence, the correct option is a. budget

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Detailing's cost formula for its materials and supplies is $2,060 per month plus $12 per vehicle. For the month of August, the c
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Answer:

Planning budget amount = $3,052.00

Explanation:

<em>The planning budget is als0 known as the </em><em>fixed budge</em><em>t . It is the budget prepared for the original level of activity intended or  planned for. As it's name implies, it is used for  planning purpose.</em>

For the month of August, the planning budget

= $2060 + ($12 × 86)

=  $3,052.00

Planning budget amount = $3,052.00

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________ involves defining the firm's marketing mix variables so that target customers have a clear, distinctive, desirable unde
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Answer: Positioning

Explanation: Positioning is a marketing strategy which is aimed at defining a brand's quality and offering in a distinctive manner. Positioning is used to set the boundary and establish the differences in the offerings and services by a firm which sets it apart from that offered by competing firms producing similar products or rendering similar services. Positioning defines the stand of a company's product or services in relation to that it's competitors by stating unique offerings of the firm's product. Therefore, giving customers a distinctive knowledge or understanding of the product from that of its competitors.

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Suppose i would like to prevent a line break in word from splitting apart my customer's title and name, "mr. jones", should it h
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What is the future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discou
leva [86]

According to Formula:- AFV=PV(1+i)

<h3>How do you calculate the future value of an investment?</h3><h3>The future value formula</h3>

future value = present value x (1+ interest rate)n Condensed into math lingo, the formula looks like this:

FV=PV(1+i)n In this formula, the superscript n refers to the number of interest-compounding periods that will occur during the time period you're calculating for.

FV = $1,000 x (1 + 0.1)5

<h3>What will the future value be at the year's end?</h3>

If the proper interest (discount) rate is 5.34 percent annually, what will the investment be worth at the end of year five?

The present value ($100) plus the value of the interest at the set interest rate (5% of $100, or $5) equal the future value (FV) at the end of a year.

<h3>How is future value compounded annually determined?</h3>

The number of compound periods is exponentiated in formula 9.3, FV=PV(1+i)N. Over the course of five years, the 8% compounded monthly investment generates 60 periods of compound interest, whereas the 8% compounded annual investment generates only five periods.

<h3>How are present and future values determined?</h3>

Main Points

PV = FV/(1 + I n, where PV = present value, FV = future value, I = decimalized interest rate, and n = number of periods, is the formula for calculating present value.

The formula for future value is FV = PV (1 + i)n.

To Know more about future value (FV)

brainly.com/question/15071193

#SPJ4

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2 years ago
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