Survey of Accounting (Available Titles Cengagenow)

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Exercise 13-3 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the row immediately to the right of an incorrect answer. STEELCASE INC.—FABRICATION DEPARTMENT Flexible Production Budget October 2010 (assumed data) Units of production Variable cost: Direct labor Direct materials Total variable cost Fixed cost: Supervisor salaries Depreciation Total fixed cost Total department cost Instructions
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Exercise 13-3 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) wil appear in the row immediately to the right of an incorrect answer. STEELCASE INC.FABRICATION DEPARTMENT Flexible Production Budget October 2010 (assumed data) Units of production 12,000 15,000 18,000 Variable cost: Direct labor $84,000 $105,000 $126,000 Direct materials 783,000 978,750 1,174,500 Total variable cost $867,000 $1,083,750 $1,300,500 Fixed cost: Supervisor salaries $140,000 $140,000 $140,000 Depreciation 22,000 22,000 22,000 Total fixed cost $162,000 $162,000 $162,000 Total department cost $1,029,000 $1,245,750 $1,462,500 83999.916 Instructions...
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