Essay Available:
Pages:
3 pages/β825 words
Sources:
3 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 14.04
Topic:
Allocating Fixed Cost and Budgeting: Herrestad Company
Essay Instructions:
Please see the attached and let me know immediately if you cannot have this completed by Sunday. Please summarize subject material at the end of the paper ( provide a conclusion).
Essay Sample Content Preview:
Allocating Fixed Cost and Budgeting
Name
Institution
Date
Part 1
| Herrestad Company | |||
| Segmented Income Statement for the period ending Dec. 31, 2015 | |||
| A | B | Total | |
| Sales | $960,000 | $1,080,000 | $2,040,000 |
| Variable costs: | |||
| Direct material | 560,000 | 240,000 | 800,000 |
| Direct labor | 120,000 | 360,000 | 480,000 |
| Variable Overhead | 80000 | 120000 | 200000 |
| Variable Selling and Admin | 26000 | 54000 | 80000 |
| Total variable costs | 786,000 | 774,000 | 1,560,000 |
| Contribution | $174,000 | $306,000 | $480,000 |
| Less | |||
| Fixed Costs | |||
| Fixed Manufacturing Overhead | 130,000 | 70,000 | 200,000 |