Santiago Homework

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  • Topic: Costs
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  • Published : October 2, 2012
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Problem P1-1 Budgets in Managerial Accounting | |
|Santiago's Salsa is in the process of preparing a production cost budget for May. Actual costs in April were: | | | | |Santiago's Salsa | | | |Production Cost Budget | | | |April 2011 | | | |Production - Jars of salsa |25,000 | | | |Ingredient cost (variable) |$20,000 | | | |Labor cost (variable) |12,000 | | | |Rent (fixed) |5,000 | | | |Depreciation (fixed) |6,000 | | | |Other (fixed) |1,000 | | |...
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