ACC202-Ch1-Prob1

ACC202-Ch1-Prob1 - Name Date Instructor Course Managerial...

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FileName: f81a14b6ab1c83809d6c78192b75a7ecc9d26542.xls, Tab: Problem P1-1, Page 1 of 3, 06/07/2009, Name: Date: Instructor: Course: Problem P1-1 Budgets in Managerial Accounting Marie's Pie Company Production Cost Budget April 2006 Production (in pies) 15,000 Ingredient cost (variable) $18,750 Labor cost (variable) 22,500 Rent (fixed) 5,000 Depreciation (fixed) 6,000 Other (fixed) 1,000 Total $53,250 Required: Marie's Pie Company Production Cost Budget May 2006 Production (in pies) Number Ingredient cost (variable) Amount Labor cost (variable) Amount Rent (fixed) Amount Depreciation (fixed) Amount Other (fixed) Amount Total Formula Labor hours used in April: Amount Labor hours used in April per pie: Amount Labor hours required in May: Amount Additional labor hours needed: Formula Managerial Accounting , Second Edition by James Jiambalvo Solving Managerial Accounting Problems Using Microsoft Excel for Windows Templates by Rex A Schildhouse Marie's Pie Company is in the process of preparing a production cost budget for May. Actual costs in April were: Part a . Using this information, prepare a budget for May. Assume that production will increase to
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ACC202-Ch1-Prob1 - Name Date Instructor Course Managerial...

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