Gundy Company expects to produce 1,246,800 units of Product XX in 2017. Monthly production is expected to range from 84,400 to 117,600 units. Budgeted variable manufacturing costs per unit are: direct materials $3, direct labor $7, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision are $3. In March 2020, the company incurs the following costs in producing 101,000 units: direct materials $327,000, direct labor $702,000, and variable overhead $1,119,000. Actual fixed costs were equal to budgeted fixed costs.
Prepare a flexible budget report for March. (List variable costs before fixed costs.)

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

Which of the following is not an example of one of the four mail advantages of prices on a free market economy