Required information the foundational 15 [lo9-1, lo9-2, lo9-4, lo9-5, lo9-6] [the following information applies to the questions displayed below.] preble company manufactures one product. its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: direct material: 5 pounds at $8.00 per pound $ 40.00 direct labor: 2 hours at $14 per hour 28.00 variable overhead: 2 hours at $5 per hour 10.00 total standard variable cost per unit $ 78.00 the company also established the following cost formulas for its selling expenses: fixed cost per month variable cost per unit sold advertising $ 200,000 sales salaries and commissions $ 100,000 $ 12.00 shipping expenses $ 3.00 the planning budget for march was based on producing and selling 25,000 units. however, during march the company actually produced and sold 30,000 units and incurred the following costs: purchased 160,000 pounds of raw materials at a cost of $7.50 per pound. all of this material was used in production. direct-laborers worked 55,000 hours at a rate of $15.00 per hour. total variable manufacturing overhead for the month was $280,500. total advertising, sales salaries and commissions, and shipping expenses were $210,000, $455,000, and $115,000, respectively. foundational 9-12 12. what amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company’s flexible budget for march?

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?