Cedar Jeans Company Flexible Budget For the Year Ended December 31, 20-- Units o

Question

Cedar Jeans Company

Flexible Budget

For the Year Ended December 31, 20--

Units of production

Correct 5

Correct 6

Correct 7

Variable costs:

Direct labor ($6.00 per unit)

Correct 10

Correct 11

Correct 12

Direct materials ($8.00 per unit)

Correct 14

Correct 15

Correct 16

Variable costs ($2.50 per unit)

Correct 18

Correct 19

Correct 20

Total variable costs

Correct 22

Correct 23

Correct 24

Fixed costs:

Supervisor's salaries

Correct 27

Correct 28

Correct 29

Rent

Correct 31

Correct 32

Correct 33

Depreciation on equipment

Correct 35

Correct 36

Correct 37

Total fixed costs

Correct 39

Correct 40

Correct 41

Total manufacturing budget

Correct 43

Correct 44

Correct 45

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Cedar Jeans Company

Flexible Budget

For the Year Ended December 31, 20--

Units of production

Correct 5

Correct 6

Correct 7

Variable costs:

Direct labor ($6.00 per unit)

$

Correct 10

$

Correct 11

$

Correct 12

Direct materials ($8.00 per unit)

Correct 14

Correct 15

Correct 16

Variable costs ($2.50 per unit)

Correct 18

Correct 19

Correct 20

Total variable costs

$

Correct 22

$

Correct 23

$

Correct 24

Fixed costs:

Supervisor's salaries

$

Correct 27

$

Correct 28

$

Correct 29

Rent

Correct 31

Correct 32

Correct 33

Depreciation on equipment

Correct 35

Correct 36

Correct 37

Total fixed costs

$

Correct 39

$

Correct 40

$

Correct 41

Total manufacturing budget

$

Correct 43

$

Correct 44

$

Correct 45

Explanation / Answer

CEDAR JEANS COMPANY

FLEXIBLE BUDGET

FOR THE YEAR ENDED DECEMBER 31,20XX

NOTE: FIXED COST REMAINS CONSTANT IRRESPECTIVE OF NO.OF UNITS PRODUCED

Units of production 16,000 UNITS 18,000 UNITS 20,000 UNITS Variable costs: Direct labor ($6.00 per unit)($)UNITS PRODUCED *$6 96,000 1,08,000 1,20,000 Direct materials ($8.00 per unit)($)UNITS PRODUCED *$8 1,28,000 1,44,000 1,60,000 Variable Manufacturing costs ($2.50 per unit)($)UNITS PRODUCED*$2.50 40,000 45,000 50,000 Total variable costs 2,64,000 2,97,000 3,30,000 Fixed costs: Supervisor's salaries 80,000 80,000 80,000 Rent 12,000 12,000 12,000 Depreciation on equipment 24,000 24,000 24,000 Total fixed costs 1,16,000 1,16,000 1,16,000 Total manufacturing budget 3,80,000 4,13,000 4,46,000

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