Mighty Muffler Manufacturing, Inc. developed its annual manufacturing overhead budget for its master budget for 2022 as follows: Expected annual operating capacity 120,000 Direct Labor Hours Variable overhead costs Indirect labor $840,000 Indirect materials 72,000 Factory supplies 48,000 Total variable 960,000 Fixed overhead costs Depreciation 120,000 Supervision 108,000 Property taxes 96,000 Total fixed 324,000 Total costs $1,284,000 The relevant range for monthly activity is expected to be between 8,000 and 12,000 direct labor hours.
Instructions Prepare a flexible budget for a monthly activity level of 8,000 and 9,000 direct labor hours.

Answers

Answer 1

Flexible budgeting refers to an accounting strategy that prepares a range of budgets using different estimated production or sales volumes. A flexible budget is a budget that adapts to changes in production or sales levels.

This implies that the costs are variable and fixed and can be adjusted. It means that a flexible budget will include variable costs that alter based on the level of production or sales. Flexible funding for a monthly activity level of 8,000 direct labor hours: Direct Labor Hours Variable overhead costs Indirect labor $560,000 Indirect materials $48,000Factory supplies $32,000Total variable $640,000Fixed overhead costs Depreciation $80,000Supervision $72,000Property taxes $64,000 Total fixed $216,000. Total costs $856,000Flexible budget for a monthly activity level of 9,000 direct labor hours: Direct Labor Hours Variable overhead costs Indirect labor $630,000. Indirect materials $54,000.. Factory supplies $ 36,000 Total variable $720,000. Fixed overhead costs Depreciation $90,000Supervision $81,000Property taxes $72,000. Total fixed $ 243,000 Total costs $963,000. Therefore, the flexible budget for a monthly activity level of 8,000 direct labor hours and 9,000 direct labor hours are: Flexible budget for a monthly activity level of 8,000 direct labor hours is $856,000 Flexible budget for a monthly activity level of 9,000 direct labor hours is $963,000

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Related Questions

what is true about taxes?

a. most citizens want to pay the highest amount possible?
b. Taxes benefit the government, but they do not benefit the citizens.
c. Traces benefit the citizens, but they do not benefit the government.
d. The tax money comes out of the citizens income and overall wealth​

Answers

the answer is b because that’s how the government get paid.

Answer: D) the tax money comes out of the citizen’s earned income and overall wealth.

Explanation:

Just took the test.

According to the OOH, what educational, training, certification, or licensing requirements do Physicians and Surgeons need? Check all that apply.

medical school
volunteer work
internship and residency program
a public-speaking certification
license

Answers

Answer:

There are actually 3 answers to this question.

A. medical work

C. internship and residency program

E. license

Hope this helps :)

Explanation:

The U.S. Bureau of Labor Statistics, the educational, training, certification, or licensing requirements for Physicians and Surgeons include:

Medical school:

Internship and residency program

License

The correct options are A, C, and E.

What is the difference between being a licensed and certified PA?

Even while some jurisdictions define certification as having governmental authorization to perform a profession, the distinction between licensing and certification really only refers to the difference between governmental regulation and self-regulation of a field.

Physicians and Surgeons typically need a Doctor of Medicine (M.D.) or Doctor of Osteopathic Medicine (D.O.) degree from an accredited medical school.  After completing medical school, physicians and surgeons typically complete an internship and residency program that lasts 3 to 7 years, depending on the specialty.

Physicians and Surgeons must be licensed in the state where they practice medicine. To obtain a license, they must pass a state-specific exam and meet other requirements, such as completing continuing education courses.

Thus, the ideal selections are options A, C, and E.

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18. a supply curve that is a vertical straight line indicates that: a. production costs for this product cannot be calculated. b. the relationship between price and quantity supplied is inverse. c. a change in price will have no effect on the quantity supplied. d. an unlimited amount of the product will be supplied at a constant price.

Answers

The right response is c. The amount provided will not fluctuate in response to a change in price, according to a vertical straight line supply curve. In other words, regardless of price, the quantity delivered is set.

This circumstance could arise when a good's supply is entirely fixed, as it would be with an antique or limited-edition item, or when a good's manufacture calls on a set number of resources that cannot be increased.

The answer is indeed c. A vertical supply curve indicates that the quantity supplied is fixed and does not change in response to a change in price. This may happen in cases where the supply of a product is limited and cannot be increased, such as with limited edition items, or when the production of a good requires a fixed amount of resources that cannot be expanded. Thank you for the correction.

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sport directs and British Heart Foundation: mission, vision, and values.

Answers

Our British goal is to create a world without the worry of cardiovascular and Foundation circulation conditions. These illnesses destroy the hearts mission of millions of families and claim the lives of 1 in 4 people.

We intend to alter that. In order to permanently defeat sadness, we raise money for research into treatments and Foundation cures. According to the BBC's Royal Charter, its purpose is to act in the public interest mission while providing all audiences with objective, outstanding, and distinctive products and services that inform, educate, and amuse them. The British Heart Foundation Society seeks to promote the charity and raise funds for it.

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What is an example of a musical work?
A musical theater script
The playlist used for a pop radio station
The design of a particular musical instrument
The sheet music of a popular movie soundtrack

Answers

Answer:

sheet music of a popular movie soundtrack

Answer:

nhd wdbbdbdbdhduwdhbdubdjkdn9uwdhdbddknd

Explanation:

The jobs that support medical imaging require specific types of education. Which field discussed requires the least amount of training? Which field requires the most amount of training?

Answers

The transcriptionist field discussed requires the least amount of training. The radiologists field requires the most amount of training.

Radiologists are scientific doctors focusing on diagnosing and treating accidents and sicknesses the usage of clinical imaging (radiology) tactics (assessments/tests) including X-rays, computed tomography (CT), magnetic resonance imaging (MRI), nuclear medicinal drug, positron emission tomography (pet), and ultrasound.

Radiologists are medical docs (MDs) or doctors of osteopathic medicinal drugs (DOs) who have completed a 4-year residency in radiology. A radiologist may also act as a consultant to every other physician who's worrying for the patient, or act as the affected person's number one medical doctor in treating a disease.

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When you receive a loan, the money the lender gives you is called the ____________. a. interest b. line of credit c. principal d. collateral

Answers

Answer:

c : principal

Explanation:

What do you need to provide in order to get secured credit?

An asset.

When the loan is received by the person and the money which lenders give to the person is the principle. The principle is the money that needs to give back after a certain period.

What is a loan?

A loan is a quantity of the money borrowed from a bank or other financial institution. One or more persons or businesses to finance scheduled or unanticipated occurrences. The borrower thereby incurs a debt, which he must repay with interest and within a specified time frame.

Thus, option C is correct.

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Which of the following could help determine a job candidate's trustworthiness?
A) A credit check
B) A recorded oral test
C) An in-person interview
D) Closed-ended interview questions

Answers

Answer:

C) An in-person interview

Explanation:

All the options listed, the best choice to determine a candidate's trusworthiness is the in-person interview. An in person-interview allows the interviewer to get to know the candidate better, because open-ended questions can be made about the candidate's proffesional and personal life.

In this type of interview, it is the job of the interviewer to analyze the answers, and reach a conclusion that can determine whether the person is to be trusted or not.

1. What is a business plan?​

Answers

Answer:

It's simple, what you want to do with your business. Or what your planning to do with it.

company z has a cross purchase buy-sell agreement in place among its three founding partners. if the agreement is funded with individual life insurance, what would it require?

Answers

Since, Company Z has a cross purchase buy-sell agreement, and it is funded with individual life insurance then Each partner must own a policy on the other partners.

Using a cross-purchase agreement, a company's stakeholders or other owners can procure the preferences or securities of a partner who eventually died, has become disabled, or resigned. In order to ease that transfer of value, the method frequently varies depending on a policy of life insurance in the occasion of a death.

A cross-purchase agreement is generally used during business continuity plans to clarify how share capital can be dispersed or obtained by the remaining survivor's partners, such as a fractional distribution based on each partner's shareholding portion of the company.

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Beth needs to multiply the values of two cells in her worksheet. What should she enter into the formula bar?

=CD/D4
=CD+D4
=CD*D4
=(CD)(D4)

Answers

Answer:

C4*D4

must be the correct one but its not mentioned there

Answer:

I would say =(CD)(D4) it makes the most sense

Explanation:

what budgetary considerations would you anticipate the project requiring? what timeline do you recommend?

Answers

The purchase of furniture is a known financial adjustment that necessitates budgetary Attention.When you do this, you are examining the project using the worst-case scenario.

This is a risk management idea where the individual planner prepares for the worst possible catastrophe they can think of, taking into account all the most dire scenarios that could arise from a specific event.This is done to lessen the effects of a poor choice.This is an individual’s projected income and the method by which they want to acquire a portion of a household good.This would be a strategy to accumulate funds in order to buy something that is deemed to be essential.You can set financial goals by using a technique called budgetary consideration. Comparable to having a forecast for best, middle, and worst case situations is a budgetary issue. In this case, buying furniture necessitates a prediction to determine whether the buyer has the income and financial resources necessary to pay for the furniture without running into any short- or long-term financial difficulties.

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What is the structure of Public corporation

Answers

Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.

19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio

Answers

Answer:

Internet

Explanation:

Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.

Your uncle the banker offers to lend you $25,000 to start a new business. You will have to make a payment of $7,000 at the end of each of the next 3 years plus a final payment of $10,000 at the end of Year 4. What annual interest rate is built into this loan?

Answers

Answer:

Annual interest rate = 6%

Explanation:

Amount of loan = $25,000

The total amount repaid:

($7,000 × 3 years) + ($10,000 balloon payment)

= (7,000 × 3) + (10,000)

21,000 + 10,000 = $31,000

Interest on payment = repayed amount - loaned amoun

Interest on payment = 31,000 - 25,000 = $6,000

Let the total percentage on the loaned amount be x

Therefore we are looking for what percentage rate of the loaned amount ($25,000) will give the interest of $6,000

x % of 25,000 = 6,000

\(\frac{x}{100} \times\ 25,000 = 6,000\\\frac{25,000x}{100} = 6,000\\25,000x = 600,000\\x = \frac{600,000}{25,000}\\x = 24\)

Therefore the total percentage interest rate = 24%

Annual interest rate = Total interest rate ÷ number of years

Annual interest rate = 24 ÷ 4 = 6%

∴ Annual interest rate = 6%

The main characteristics of a pure _____ are a single seller, no close substitutes, a price maker, blocked entry, and non-price competition.

Answers

The main characteristics of a pure monopoly are a single seller, no close substitutes, a price maker, blocked entry, and non-price competition.

What are the prices and examples?

A price is the amount of money that is (often not adversely) exchanged from one party to the other in exchange for their goods or services. The cost of manufacturing may go by another name in some situations.

What is an example of a basic price?

The basic price is the amount that the relevant sources from the buyer for each unit of a thing or services delivered as output, less any taxes that are due and any subsidies that the producer is eligible to as a result of the good or service's production or sale. Any transportation fees that the producer separately invoiced are not included.

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Receivables not expected to be collected should Multiple choice question. not be counted in assets of the company. always be counted in assets of the company. initially be included as assets and then be written off when the customer does not pay.

Answers

Receivables not expected to be collected should not be counted in assets of the company.

Accounts Not Receivable

For bookkeeping purposes, When a company confirms that it is likely not to receive payment,  it should be written off in the journal entries as a debit to allowance for doubtful accounts and then credited to accounts receivable.

Account Not Receivable or collected is regarded as bad debt expense.

Therefore Receivables not expected to be collected are not  to be counted in assets of the company.

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If you are unhappy about the current transportation system, which of the following politicians will you vote for?

A. Politicians who advocates going to war abroad

B. Politicians who wants to improve roads and highways

C. Politicians who aim to improve the educational system

D. Politicians who suggest increasing the sales tax

Answers

Answer:

It would be B because these politicians would improve the roads and the means of transportation

Answer : B) Politicians who wants to improve roads and highways.

This answer is most associated with the topic of the transportation system. The improvement roads and highways would also improve on transportation.

All of the following are true about health insurance except:

Answers

The option that's not true about health insurance is that A. People with health insurance can skip lines in emergency rooms.

What is health insurance?

It should be noted that health insurance is a contract that requires a company to pay healthcare costs in exchange for a premium.

In this case, the option that's not true about health insurance is people with health insurance can skip lines in emergency rooms.

In conclusion, the correct option is A.

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Complete question:

All of the following are true about health insurance except:

a. People with health insurance can skip lines in emergency rooms

b. Health insurance protects you financially from medical emergencies.

c. Health insurance lowers your risk of acquiring medical debt.

d. Health insurance allows some medical procedures to be covered by a low-cost co-pay.

Which of the following are examples of capital resources? (Check all that apply)

Display case

Employee

Iron ore

Computer

Answers

Display cases, irons, and Computers are examples of capital resources. A vital part of the production system is played by capital resources. A, C, and D are the appropriate selections.

What type of resource is capital?

All of the resources created by humans are referred to as capital resources. These resources include things like equipment, machinery, structures, and tools. A capital resource is any device or resource used by a company during the creation of products or services.

Money to launch a new company, as well as tools, structures, equipment, and whatever else individuals create to produce things and render services, are all considered capital resources. Capital resources are the things that Communityville's residents generated.

Thus, the correct options are A, C, and D.

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Discuss different trade policies that are currently enacted and if they should be updated in some way.
Then create your own policy about an area in the economy is currently not addressed in current trade policies.
Select the link to access the Trade Discussion.

Answers

U.S. trade policy promotes economic growth through regulations and agreements that control imports and exports with other countries.

Trade allows countries to specialize in the production of the goods and services that align with their comparative advantage.

What are trade barriers?

A trade barrier refers to a natural barrier or imposed restraint by government on the flow of international goods or services.

Some examples of trade barrier include import quotas, embargoes, buy-national regulations, distance, language etc.

In conclusion, a trade barrier reducing policy is the policies that the Melanie's country has adopted to reduce international trade barriers.

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do this document and I will give you 100 points send it back to me completed all the directions are on here.

Answers

Answer:

I like chicken

Explanation:

Type the correct answer in the box. Spell all words correctly.
Which pricing strategy involves setting a high price for an exclusive, high-end product?
The
pricing strategy involves setting a high price for an exclusive, high-end product.

Answers

It could be branding...

Answer:

premium pricing strategy

Explanation:

plato

What are the 3 psychological states reviewed in class that may improve engagement in the workplace?
Acceptance, Belonging, Contribution
Acceptance, Contribution, Teamwork
Acceptance, Compensation, Rewards
Belonging, Compensation, Teamwork

What are the 3 psychological states reviewed in class that may improve engagement in the workplace?Acceptance,

Answers

Answer:

Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.

You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?

Answers

Answer:

$245 per participant

Explanation:

total number of participants = 200

total costs for 200 participants:

$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for meals

total costs = $33,000

if you want to earn $16,000 in profits ($8,000 each),

price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245

Why is a brand important to a business?

Answers

good branding increases the value of a company, provides employees with direction and motivation, and makes acquiring new customers easier.

Which of the following parts of a business plan include the cash flow projection and profit and loss projection?

Answers

Executive summary. This is your five-minute elevator pitch. ...
Business description and structure. This is where you explain why you're in business and what you're selling. ...
Market research and strategies. ...
Management and personnel. ...
Financial documents.

Demand is not the same as quantity demanded. What factors will change the demand for a good?

Answers

Answer:

Other factors that shift demand curves. Income is not the only factor that causes a shift in demand. Other things that change demand include tastes and preferences, the composition or size of the population, the prices of related goods, and even expectations.

One way to characterize the difference between positive statements and normative statements is as follows:
Positive statements tend to reflect optimism about the economy and its future, whereas normative statements
tend to reflect pessimism about the economy and its future.
Positive statements offer descriptions of the way things are, whereas normative statements offer opinions on how things ought to be.
Positive statements involve advice on policy matters, whereas normative statements are supported by scientific theory and observation.
Economists outside of government tend to make normative statements, whereas government-employed economists tend to make positive statements.

Answers

One way to characterize the difference between positive statements and normative statements is as follows: Positive statements offer descriptions of the way things are, whereas normative statements offer opinions on how things ought to be.

Firstly, positive statements tend to reflect optimism about the economy and its future, while normative statements tend to reflect pessimism. Secondly, positive statements offer descriptions of the way things are, while normative statements offer opinions on how things ought to be.

Thirdly, positive statements involve advice on policy matters, while normative statements are supported by scientific theory and observation. Lastly, economists outside of government tend to make normative statements, while government-employed economists tend to make positive statements.

Positive statements are based on factual information and can be tested for accuracy, while normative statements involve value judgments and cannot be proven true or false through data analysis.

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What are some common spreadsheets applications?​

Answers

USES ( APPLICATIONS) of spreadsheet are;

1) to create budgets : Excel can be used in creation of budget s which is the estimation of revenue as well as expenses which covers specified future period of time.

2)produce graphs and charts: it's application is helpful in creating graphs in mathematics as well as statistics

3 for storing and sorting data: Data sorting can be done using spreadsheet. It involves arrangements of data into an order in order to make analysis of the data easier.

SPREADSHEET APPLICATION

1)Microsoft Excel : This is used in data

crunching , it can handle large data sets.

2)LibreOffice : it's applicable in Calc for a free as well as native spreadsheet app.

4) Smartsheet: is useful when handling

task involving non-spreadsheet and can be used for project management.

5)Quip : it's useful for integration of

spreadsheets into shared documents.

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