# solvePartridge3924 posted a question Jun 18, 2014 at 9:05am Q 1.value: 1.00 points Mesa…

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solvePartridge3924 posted a question Jun 18, 2014 at 9:05am Q 1.value: 1.00 points Mesa… 1 answer below » solvePartridge3924 posted a question Jun 18, 2014 at 9:05am Q 1.value: 1.00 points Mesa Company’s fixed budget for the first quarter of calendar year 2011 reveals the following. Sales (16,500 units) \$ 3,366,000 Cost of goods sold Direct materials \$ 392,205 Direct labor 700,755 Production supplies 435,105 Plant manager salary 192,205 1,720,270 Gross profit 1,645,730 Selling expenses Sales commissions 132,165 Packaging 263,010 Advertising 100,000 495,175 Document Preview: View complete question » solvePartridge3924 posted a question Jun 18, 2014 at 9:05am Q 1.value: 1.00 points Mesa Company’s fixed budget for the first quarter of calendar year 2011 reveals the following. Sales (16,500 units) \$ 3,366,000 Cost of goods sold Direct materials \$ 392,205 Direct labor 700,755 Production supplies 435,105 Plant manager salary 192,205 1,720,270 Gross profit 1,645,730 Selling expenses Sales commissions 132,165 Packaging 263,010 Advertising 100,000 495,175 Document Preview: 1.value: 1.00 points  Mesa Company’s fixed budget for the first quarter of calendar year 2011 reveals the following. Sales (16,500 units) \$ 3,366,000 Cost of goods sold Direct materials \$ 392,205 Direct labor 700,755 Production supplies 435,105 Plant manager salary 192,205 1,720,270 Gross profit 1,645,730 Selling expenses Sales commissions 132,165 Packaging 263,010 Advertising 100,000 495,175 Administrative expenses Administrative salaries 242,205 Depreciation—office equip. 212,205 Insurance 182,205 Office rent 192,205 828,820 Income from operations \$ 321,735 Prepare flexible budgets that show variable costs per unit, fixed costs, and three different flexible budgets for sales volumes of 14,500, 16,500, and 19,500 units. (Input all amounts as positive values. Round your “Variable amount per unit” to 2 decimal places. Omit the “\$” sign in your response.) MESA COMPANY Flexible Budgets For Quarter Ended March 31, 2011 Flexible Budget Variable Amount per Unit Total Fixed Cost Flexible Budget for Unit Sales of 14,500 Flexible Budget for Unit Sales of 16,500 Flexible Budget for Unit Sales of 19,500 \$ \$ \$ \$  Variable costs Total variable costs \$  Fixed costs \$  Total fixed costs \$  \$ \$ \$  2.value: 1.00 points  Cimarron Company’s fixed budget performance report for July follows. The \$630,000 budgeted expenses include \$592,200 variable expenses and \$37,800 fixed expenses. Actual expenses include \$49,800 fixed expenses. Fixed Budget Actual Results Variances Sales (in units) 8,400 10,800 Sales (in dollars) \$ 840,000 \$ 1,080,000 \$ 240,000 F Total expenses 630,000 756,000 126,000 U Income from operations \$ 210,000 \$ 324,000 \$ 114,000 F Prepare a flexible budget performance report showing any variances between budgeted results and actual results. List fixed and variable expenses separately. (Input all amounts as a positive value. Indicate the effect of each variance by selecting “F” for favorable, “U” for unfavorable, and “None” for no effect (i.e., zero… Attachments: Q-Attachment…..docx Q-Attachment-….png Q-Attachemnt-….png Q-Attachment-….png Q-Attachment-….png View less » Aug 03 2015 11:37 AM