How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Bizhelp Your Own Question
Bizhelp, CPA
Category: Homework
Satisfied Customers: 5884
Experience:  Bachelors Degree and CPA with Accounting work experience
Type Your Homework Question Here...
Bizhelp is online now
A new question is answered every 9 seconds

calculate the budgeted profit for May and ... Smithton, Inc.

This answer was rated:

calculate the budgeted profit for May and ...
Smithton, Inc. makes and sells one product, the standard costs of which are as follows:
Direct materials (2 kg at £3.00/kg) 6.00
Direct labour (30 minutes at £10.00/hr) 5.00
Fixed overheads 2.50
Total 13.50
Selling price 20.00
Standard profit margin 6.50
The monthly production and sales are planned to be 1,300 units.The actual results for May were as follows:
Sales revenue 20,000
Less: Direct materials (6,500) (2,100 kg)
Direct labour (5,250) (510 hr)
Fixed overheads (3,100)
Operating profit 5,150
There were no inventories at the start or end of May.Your supervisor has asked you to calculate the budgeted profit for May and then reconcile it to the actual profit through variances, going into as much detail as possible from the information available.Once you have the figures computed, prepare a detailed report for your supervisor that includes a discussion of the following information:
A listing of the variances that occurred within the month of May.
An analysis of the standards developed and utilised by the organisation.
An analysis of each variance with regards XXXXX XXXXX possible explanations of why it occurred.
An analysis of the business/strategic implications that exist for your organisation in light of the new information.

You need to spend $3 to view this post. Add Funds to your account and buy credits.
Bizhelp and 2 other Homework Specialists are ready to help you
Customer: replied 4 years ago.


i believe your answer is okay, i want to ask. can i submit this directly or will i be charged for plagarism.

must i add more views on the differnce


The solutions I provide are for comparison with your own. To ensure originality, it is always best to re-work the solutions in your own words.

Adding more views on the variances would also help. Let me know if you have any questions.
Customer: replied 4 years ago.


does it take awhile before some questions are answered?


Yes, the response time mostly depends on the question and which experts are able to answer it, so it may take longer for a more complicated question. If you have a certain deadline for a question, please include the deadline in your post.

Related Homework Questions