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Assume Princeton Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours: View the standard costs. During the month of September, Princeton Computer Company incurred the following costs while manufacturing 900 PCC model tablets: View the actual costs. Read the requirements. Requirement 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. Princeton Computer Company Units Sales Revenue Variable Costs: Direct Materials Direct Labor Variable Overhead Total Variable Costs Contribution Margin Fixed Costs Operating Income Flexible Budget For the Month Ended September 30 Budget Amounts per Unit 700 800 900 Standard Costs Direct materials Direct labor Variable overhead Fixed overhead Actual Costs $270 per tablet 3 hours per tablet at $29 per hour 3 hours per tablet at $12 per hour $52,000 per month Print Print Direct materials Direct labor Variable overhead Fixed overhead Done $ 250,200 80.460 33,480 53,890 Done - X X Requirements 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. 2. Using 800 PCC model tablets for the static budget, prepare a flexible budget performance report for September. Total sales revenue for the month was $666,000. The company sold 900 tablets. 3. What insights can the management of Princeton Computer Company draw from the performance report? [0 Print Done X

Assume Princeton Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours: View the standard costs. During the month of September, Princeton Computer Company incurred the following costs while manufacturing 900 PCC model tablets: View the actual costs. Read the requirements. Requirement 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. Princeton Computer Company Units Sales Revenue Variable Costs: Direct Materials Direct Labor Variable Overhead Total Variable Costs Contribution Margin Fixed Costs Operating Income Flexible Budget For the Month Ended September 30 Budget Amounts per Unit 700 800 900 Standard Costs Direct materials Direct labor Variable overhead Fixed overhead Actual Costs $270 per tablet 3 hours per tablet at $29 per hour 3 hours per tablet at $12 per hour $52,000 per month Print Print Direct materials Direct labor Variable overhead Fixed overhead Done $ 250,200 80.460 33,480 53,890 Done - X X Requirements 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. 2. Using 800 PCC model tablets for the static budget, prepare a flexible budget performance report for September. Total sales revenue for the month was $666,000. The company sold 900 tablets. 3. What insights can the management of Princeton Computer Company draw from the performance report? [0 Print Done X

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter23: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 4CMA: JoyT Company manufactures Maxi Dolls for sale in toy stores. In planning for this year, JoyT...
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Assume Princeton Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours: View the standard costs. During the month of September, Princeton Computer Company incurred the following costs while manufacturing 900 PCC model tablets: View the actual costs. Read the requirements. Requirement 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. Princeton Computer Company Units Sales Revenue Variable Costs: Direct Materials Direct Labor Variable Overhead Total Variable Costs Contribution Margin Fixed Costs Operating Income Flexible Budget For the Month Ended September 30 Budget Amounts per Unit 700 800 900 Standard Costs Direct materials Direct labor Variable overhead Fixed overhead Actual Costs $270 per tablet 3 hours per tablet at $29 per hour 3 hours per tablet at $12 per hour $52,000 per month Print Print Direct materials Direct labor Variable overhead Fixed overhead Done $ 250,200 80,460 33,480 53,890 Done X X Requirements 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. 2. Using 800 PCC model tablets for the static budget, prepare a flexible budget performance report for September. Total sales revenue for the month was $666,000. The company sold 900 tablets. 3. What insights can the management of Princeton Computer Company draw from the performance report? Print Done Clear all I X Check answer
Transcribed Image Text:Assume Princeton Computer Company has created a standard cost card for the PCC model tablet computer, with overhead allocated based on direct labor hours: View the standard costs. During the month of September, Princeton Computer Company incurred the following costs while manufacturing 900 PCC model tablets: View the actual costs. Read the requirements. Requirement 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. Princeton Computer Company Units Sales Revenue Variable Costs: Direct Materials Direct Labor Variable Overhead Total Variable Costs Contribution Margin Fixed Costs Operating Income Flexible Budget For the Month Ended September 30 Budget Amounts per Unit 700 800 900 Standard Costs Direct materials Direct labor Variable overhead Fixed overhead Actual Costs $270 per tablet 3 hours per tablet at $29 per hour 3 hours per tablet at $12 per hour $52,000 per month Print Print Direct materials Direct labor Variable overhead Fixed overhead Done $ 250,200 80,460 33,480 53,890 Done X X Requirements 1. Prepare a flexible budget for September for 700, 800, and 900 PCC model tablets. The tablet has a standard sales price of $720. List variable costs separately. 2. Using 800 PCC model tablets for the static budget, prepare a flexible budget performance report for September. Total sales revenue for the month was $666,000. The company sold 900 tablets. 3. What insights can the management of Princeton Computer Company draw from the performance report? Print Done Clear all I X Check answer
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