cES Exercise 22-8 (Part Level Submission) 017 Rensing Groomers is in the dog-gro

Question

cES Exercise 22-8 (Part Level Submission) 017 Rensing Groomers is in the dog-grooming business. Its operating costs are described by the following formulas: Grooming supplies (variable) y = y = y = $0 +$4x $0 + $12x $9,000+ $2x Direct labor (variable) Overhead (mixed) Milo, the owner, has determined that direct labor is the cost driver for all three categories of costs. (a) Prepare a flexible budget for activity levels of 510, 580, and 690 direct labor hours. (List variable costs before fixe RENSING GROOMERS Flexible Budget Activity Level 14 .20 26 .30 .34 Privacy Policy 1 2000-2017 John Wiley & Sons, Inc, All Rights Reserved. A Division of John W

Explanation / Answer

RENSING GROMMERS Flexible Budget         Amount in $ Activity level 510 580 690 variable costs   grooming Supplies (Y=$0 +$4 X) 2040 2320 2760 $4*510 $4*580 $4*690 Direct labour    (Y=$0 +$12 X) 6120 6960 8280 $12*510 $12*580 $12*690 Variable over head   ($2X) 1020 1160 1380 $2*510 $2*580 $2*690 Total variable costs 9180 10440 12420 Fixed cost Over head 9000 9000 9000 Total Cost 18180 19440 21420

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