Question:<">

Question Details

(Solved) (Latest ver. Aug 2020) - Lynam Company

Brief item decscription


Item details:

Question:

1. Lynam Company's fixed budget for the 1st quarter of calendar year 2007 revealed the following. Prepare flexible budgets that show variable costs per unit, fixed costs, and 3 different flexible budgets for sale volumes of 6,000, 7,000 and 8,000 units.

Sales (7,000 units) $2,800,000
Cost of Goods Sold
Direct Materials $280,000
Direct Labor 490,000
Production supplies 175,000
Plant manager supply 65,000 1,010,000
Gross Profit 1,790,000
Selling Expenses
Sales commissions 140,000
Packaging 154,000
Advertising 125,000 419,000
Administrative expenses
Administrative salaries 85,000
Depreciation- Office Equip 35,000
Insurance 20,000
Office Rent 36,000 176,000
Income from operations 1,195,000

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Sep 16, 2020

PRICE: $11.5

Solution~00010694.zip (18.37 KB)

Buy this answer for only: $11.5

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now