The static budget for production of bicycles by Wheel Professionals is based on 3,000 units produced...
The static budget for production of bicycles by Wheel Professionals is based on 3,000 units produced per month. For this level of production, indirect materials are $75,000, indirect labor is $92,000, utilities are $26,000, depreciation is $42,000, and supervision is $6,000. What would the company’s total budget be if they produced a flexible budget for 4,000 units?
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A : $305,333
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B : $296,667
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C : $307,333
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D : $321,333
Homework Answers
Answer
--TOtal Budget = [($75000 + 92000 + 26000) x 4000 units/3000
units] Variable cost + [$42000 + 6000]Fixed Cost
= [(193000 x 4000/3000) + 48000]
= 257333 + 48000
= $ 305,333
--Correct Answer = Option 'a' $ 305333
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