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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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Koch Medical Equipment Company makes a blood pressure measuring kit. Albert Kaiser is the production manager. The production departmentAc€?cs static budget and actual results for 2015 follow. |
| Static Budget | Actual Results | |||||
| Production in units | 21,000 | kits | 23,900 | kits | ||
| Direct materials | $ | 165,900 | $ | 226,010 | ||
| Direct labor | 144,900 | 158,010 | ||||
| Variable manufacturing overhead | 31,500 | 39,650 | ||||
| Total variable costs | 342,300 | 423,670 | ||||
| Fixed manufacturing overhead | 208,000 | 204,000 | ||||
| Total manufacturing cost | $ | 550,300 | $ | 627,670 | ||
| Required |
| a. |
Convert the static budget into a flexible budget. (Do not round intermediate calculations.) |
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