ACC 561 help A Guide to career/uophelp.com ACC 561 help A Guide to career/uophelp.com | Page 53

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.
---------------------------------------------------------------------------
ACC 561 Week 5 Wileyplus Practice Quiz
For more course tutorials visit
www.uophelp.com
1. Why are budgets useful in the planning process?
2. A common starting point in the budgeting process is
3. Which of the following statements about budget acceptance in an
organization is true?