ABCCompanymanufactureschairsfortheretailmarket. TheDecemberbudgetedamountsweretomanufacture28,000 chairs,atavariablecost

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

ABCCompanymanufactureschairsfortheretailmarket. TheDecemberbudgetedamountsweretomanufacture28,000 chairs,atavariablecost

Post by answerhappygod »

ABCCompanymanufactureschairsfortheretailmarket. TheDecemberbudgetedamountsweretomanufacture28,000 chairs,atavariablecostof$60perchair. Thebudgetedtotalfixedcostswere$575,000andthebudgetedsellingpriceper chairwas$120. Theactualsaleswere25,500chairsthatweresoldfor$125each. Theactualtotalvariablecostswere $1,912,500andtheactualfixedcostswere$525,000.
Required:
1. Prepare a performance report that uses a flexible budget and a static budget.
2. Comment on the results in #1
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”