# At the beginning of the period, the Fabricating Department budgeted direct labor of \$51,000 and equipment depreciation of \$59,000 for 3,400 hours of production. The department actually completed 4,100 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. \$

=  \$120,500.00

Explanation:

Flexible budget is that which  is that which recognizes the cost behavior and is used for control purpose. It is prepared based on the actual level of activity achieved.

Kindly note that the \$59,000 depreciation is a fixed cost which do not vary with the hours of production.

The flexible budget for the department will be

Direct Labour budget = ( 51000/3400) × 4,100

=  \$61,500.00

Equipment depreciation= \$59,000

Total flexible budget = \$61,500.00 + \$59,000

=  \$120,500.00

## Related Questions

erekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 3,200 machine-hours Variable overhead costs: Supplies \$ 16,640 Indirect labor 29,120 Fixed overhead costs: Supervision 15,400 Utilities 6,600 Depreciation 7,600 Total overhead cost \$ 75,360 The company's variable overhead costs are driven by machine-hours. What would be the total budgeted overhead cost for next month if the activity level is 3,100 machine-hours rather than 3,200 machine-hours

Explanation:

Giving the following information:

First, we need to calculate the  variable predetermined overhead rate:

Variable predetermined overhead rate= 45,760/3,200= \$14.3 per machine hour

Now, for 3,100 hours:

Ryder Supplies has its stock currently selling at \$63.25. The company is expected to grow at a constant rate of 7 percent. If the appropriate discount rate is 17 percent, what is the expected dividend, a year from now?a) 4.43 b) 3.25 c) 10.75 d) 6.33

d) 6.33

Explanation:

The computation of the expected dividend a year from now is shown below:

As we know that

Price of the stock =  Expected dividend ÷ (Required rate of return - growth rate)

Expected dividend = Price of the stock ×  (Required rate of return - growth rate)

= \$63.25 × (0.17 – 0.07)

= \$6.325

hence, the correct option is d. \$6.33

We simply applied the above formula so that the correct value could come

And, the same is to be considered

g Twins Jane and Hal each inherited \$150,000 exactly ten years ago. Jane invested the entire amount in a brokerage account to fund her retirement. Her account has been earning 8% per year since she invested it, and she expects it to earn 5% per year for the next 20 years. Hal spent all of his inheritance and has not saved anything for retirement. Assume there are no taxes. a. How much is Jane expected to have in her account at retirement (20 years from now)? b. Due to sibling rivalry, Hal wants to have at least \$100,000 more saved at retirement (20 years from now) than Jane is expected to have at that time. He plans to make an equal deposit each year in an account earning the same annual interest rate as Jane’s, i.e., 5%, with the first deposit occurring one year from today and the last occurring 20 years from today. How much must Hal deposit each year in order to achieve his goal?

a) Jane currently has \$150,000 x (1 + 8%)¹⁰ = \$323,838.75 in her account

in 20 years, she will have \$323,838.75 x (1 + 5%)²⁰ = \$859,240.61

b) we can use the future value of an annuity formula to calculate Hal's annual contribution.

future value = annual contribution x annuity factor

annual contribution = future value / annuity factor

• future value = \$959,240.61
• FV annuity factor, 5%, 20 periods = 33.066

annual contribution = \$959,240.61 / 33.066 = \$29,009.88

Last year, DJ's Soda Fountains, Inc. reported an ROE = 27 percent. The firm's debt ratio was 50 percent, sales were \$9 million, and the capital intensity ratio was 1.5 times. What is the net income for DJ's last year? Multiple Choice a. \$1.22m b. \$1.82m c. \$2.43m d. \$2.84m

b. \$1.82m

Explanation:

Capital Intensity ratio = Total aasets / sales

1.5 = Total Assets / 9m

Total Assets = 9m x 1.5 = 13.5

ROE = Total Income / Shareholders equity

27% = Total Income / (13.5 x 50%)

27% = Total Income / 6.75

Total Income = 27% x 6.75

Total Income = 1.8225

Total Income = 1.82 (Rounded)

The correct option is b. \$1.82m.

The term __________ refers to the supplemental information provided in a proposal. It often includes examples of past projects, client testimonials, and technical specifications.A. overview
B. references
C. executive summary
D. appendices

D. appendices

Explanation:

The term appendices refers to the supplemental information provided in a proposal. It often includes examples of past projects, client testimonials, and technical specifications. Appendices basically provide the readers with the additional information which help them in better understanding the proposal in a greater detail. It is combination of additional and supplementary materials which includes the results of the past projects, testimonials, supportive data  and other technical specification of the project, which can't be included in the main body of the proposal.

The term for supplemental information in a proposal, including examples of past projects, client testimonials, and technical specifications, is appendices. These provide detailed information that could distract if included in the main proposal.

### Explanation:

The term that refers to the supplemental information provided in a proposal, often including examples of past projects, client testimonials, and technical specifications, is D. appendices. An appendix serves to provide detailed information that might be diverting if it was included in the general proposal. For instance, complex diagrams, in-depth market research, or technical specifications might be better situated in the appendix. This allows a proposal to remain simultaneously detailed yet focused, and maximises its efficacy in persuading readers. An appendix serves to provide detailed information that might be diverting if it was included in the general proposal. For instance, complex diagrams, in-depth market research, or technical specifications might be better situated in the appendix. This allows a proposal to remain simultaneously detailed yet focused, and maximises its efficacy in persuading readers.

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44,000 shares of common stock outstanding at a market price of \$32 a share. The common stock will pay a \$1.50 annual dividend and has a dividend growth rate of 3.5 percent. There are 7,500 shares of 9% preferred stock outstanding at a market price of \$92 a share. The outstanding bonds mature in 11 years, have a total face value of \$825,000, a coupon rate of 6.5 percent, a face value per bond of \$1,000, and a market price of \$989 each. The tax rate is 35 percent. What is the weight of equity in to be use to calculate the firm's WACC?

The weight of equity in to be use to calculate the firm's WACC is 0.48 or 48%

Explanation:

The weight of equity to be used in firm's WACC computation is market value of equity divided by the sum of market value of equity ,preferred stock and bonds.

Market value of equity=44,000*\$32                   =\$1,408,000.00

Market value of preferred stock=7,500*\$92      =\$690,000

Market value of bonds=\$825,000*\$989/\$1000=\$815,925.00

Sum of market values                                           =\$ 2,913,925.00

Weight of equity=market value of equity/Sum of market values=\$1,408,000.00/\$2,913,925.00= 0.48 =48%