Exercise Adaptable Budgets Essay

ACC 3515 – SUPERVISION ACCOUNTING

SEARCH ENGINE OPTIMIZATION 1 2014/2015

FLEXIBLE COST MANAGEMENT

1 . The subsequent overhead info are for the department within a large organization.

Actual Costs Incurred

Static Budget

Activity level (in units)

two hundred

220

Adjustable costs:

Supplies

$4, 050

$4, 906

Power

$1, 690

$1, 892

Set costs:

Administration

$6, 240

$6, 2 hundred

Depreciation

$6, 280

$6, 200

Required:

Prepare a statement that would be within assessing how well costs were handled in this division.

installment payments on your Hempstead Company plans to manufacture 8, 000 devices over the the following month at the subsequent costs: direct materials, $480, 000; immediate labor, $60, 000; adjustable manufacturing cost to do business, $150, 1000; straight-line downgrading, $24, 000, and other set manufacturing over head, $272, 000. The result is total budgeted expense of $990, 500. Shortly after the final outcome of the month, Hempstead reported the following costs:

Howard Krueger and his deck hands turned out six, 200 units—a remarkable feat given that the company's manufacturing plant was closed for a number of days as a result of blizzards and impassable tracks. Krueger was especially thrilled with the fact that total real costs were less than finances. He was hence very shocked when Hempstead's general director expressed unhappiness about the plant's financial performance. Required:

i. Make a performance statement that fairly compares budgeted and real costs intended for the period only ended—namely, the report that the general administrator likely applied when examining performance. 2. Should Krueger be praised for " having met the budget" or is a general manager's unhappiness validated? Explain, citing any apparent problems for the company. В

a few. В Midwestern University or college operates a motor pool area for the convenience of their faculty and staff. The next budget was prepared for an upcoming period:

The budget was depending on the assumptions of twenty vehicles, with each car being influenced 8, 1000 miles. Midwestern acquired two...

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