Crane Companybudgeted manufacturing costs for 30000 tons of steel are: Fixed manufacturing costs $50000 per month...
Crane Companybudgeted manufacturing costs for 30000 tons of
steel are:
| Fixed manufacturing costs | $50000 per month |
| Variable manufacturing costs | $12 per ton of steel |
Craneproduced 20000 tons of steel during March. How much is the
flexible budget for total manufacturing costs for March?
$410000
$240000
$290000
$280000
Homework Answers
Budgeted manufacturing costs for 30000 tons of steel are:
| Fixed manufacturing costs | $50000 per month |
| Variable manufacturing costs | $12 per ton of steel |
Actual production for March = 20000 tons
Flexible budget for total manufacturing costs for March = Variable manufacturing cost per ton x Actual production for March + Fixed manufacturing costs
= 12 x 20,000 + 50,000
= 240,000 + 50,000
= $290,000
Third option is correct.
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