A budget consists of $80,000 for salaries, $17,000 for supplies, and $8,500 for equipment. If actual expenditures for equipment are 11.2 percent more than was budgeted, and the department did not spend $525 of their supply budget, how much over or under budget were they?

A budget includes $64,000 for salaries, $12,000 for supplies and $4,000 for equipment. If this budget is increased proportionately until the total amount is $84,000, the amount spent on supplies will be:

A company has the following annual budget data:Beginning finished goods inventory 52,000 unitsSales 82,000 unitsEnding finished goods inventory 42,000 unitsDirect materials $ 12 per unitDirect labor $ 24 per unitVariable factory overhead $ 5 per unitSelling costs $ 2 per unitFixed factory overhead $ 92,000  What are total budgeted production costs for the year? (CIA adapted)Multiple Choice$3,116,000$2,952,000$3,208,000$3,044,000

A group of friends were working on a student film with a budget of $500, which they spent on equipment and costumes. They spent $55 on costumes. What percent did they spend on equipment?

A company has over-absorbed fixed production overheads for May 20X8 by $5,000.The month's fixed production overhead absorption rate was $7 per unit. This rate was based on the budgeted output of 5,000 units. The actual production for the month was 4,500 units.What amount of fixed production overheads did the company incur for April 20X8?*2 points$26,500$31,500$35,000$36,500

Required informationSkip to question[The following information applies to the questions displayed below.]The fixed budget for 21,900 units of production shows sales of $635,100; variable costs of $65,700; and fixed costs of $143,000.If the company actually produces and sells 26,300 units, calculate the flexible budget income.