Exercise 19-17 (Part Level Submission)
Siren Company builds custom fishing lures for sporting goods
stores. In its first year of operations, 2017, the company incurred
the following costs.
Siren Company sells the fishing lures for $25.25. During 2017, the
company sold 79,000 lures and produced 88,000 lures.
Brief Exercise 22-1
For the quarter ended March 31, 2017, Croix Company
accumulates the following sales data for its newest guitar, The
Edge: $326,100 budget; $334,100 actual.
Prepare a static budget report for the quarter.
Brief Exercise 22-4
Gundy Company expects to produce 1,281,600 units of Product
XX in 2017. Monthly production is expected to range from 81,500
to 113,700 units. Budgeted variable manufacturing costs per unit
are direct materials $4, direct labor $7, and overhead $11.
Budgeted fixed manufacturing costs per unit for depreciation are
$5 and for supervision are $3.
Prepare a flexible manufacturing budget for the relevant range
value using 16,100 unit increments.
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ACC 561 Week 5 Wileyplus Practice Quiz