ACC 410 : ACC410 Solution Chapter 10
19 Apr 2012
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10-2 cost management (2) direct labour budget (hours) March = 59,500 (3) direct materials budget (dollars) 10. 20: total flexible budget variance = $ 1,098 unfavourable, foregone profit = $ 1,075. 10. 21: cost of goods sold = $ 1,360,000, july beginning inventory = $ 434,400, july purchases = $ 1,474,400, july cash collections = $ 1,600,000. 10. 23 ending cash balance, february 28 = 172,185. 10. 24: total variance = $ 245 unfavourable. 10. 25: brad could allow the collection agency to keep 100% of collections. 10. 28: total variance = $ 6,948 unfavourable. Chapter 10: static and flexible budgets 10-3: total visits = 5,419 visits. 10. 29 part 1: total revenues = $ 6,000,000, total production units = 80,200, total purchases = $ 1,365,800, total direct labour costs = $ 1,323,300. 10. 29 part 2: variable overhead rate = $ 6. 00. Fixed overhead rate = 12. 00: ending finished goods inventory = $ 113,300, cost of goods sold = $ 4,114,850.
