Question

Budgeted and actual results for Corinne's Flowers for June 2008 are as follows: od to doinwar Static Budget Actual Results Tulips Hibiscus Total 3907 Tulips Hibiscus Total Unit sales 5,250 1,750 7,000 4,299 2,315 6,614 Sales mix 75% 25% 100% toegen 65% 35% 100% Sales price $0.45 $25 $46,112.50 $0.45 $26 $62,124.55 Variable costella 0.20 18 Colau 2011 TUS 0.20 20 Contribution margin $0.25 $ 7$ 13,562.50 $0.25 $6 $14,964.75 81. What is the static budget variance? What is the static budget variance H DS 1) $ 1,402.25 favourable 2) $ 1,402.25 unfavourable mogelio loco onde s 3) $ 16,012.05 favourable 4) $ 16,012.05 unfavourable h owered vel 82. What is the flexible budget variance? 1) $ 810.25 favourable 2) $ 810.25 unfavourable 3) $ 2,314.90 favourable it an bhs in te brenovo Volosbexte 4) $2.314.90 unfavourable 00.00T DIONS DOO D nonosobolan m . resah

Answer 1

PARTICULARS SALES QTY SALES MIX SALE PRICE/UNIT SALES VALUE VARIABLE COST PER UNIT VARIABLE COST TOTAL FLEXIBLE BUDGET STATIC BUDGET STATIC BUDGET ACTUAL FLEXIBLE BUDGET (ACTUAL QTY @STANDARD) VARIANCE (ACTUAL VS VARIANCE ( STATIC VS FLEXIBLE BUDGET) ACTUAL BUDGET) TULIP HIBISCUS TOTAL TULIP HIBISCUS TOTAL T ULIP HIBISCUS TOTAL AMOUNT F/U AMOUNT F/U 5,250.00 1,750.00 7,000.00 4,299.00 2,315.00 6,614.00 4,299.00 2,315.00 6,614.00 75.00 25.00 100.00 65.00 35.00 100.00 65.00 35.00 0.45 25.00 0.45 26.00 0.45 25.00 | 2,362.50 43,750.00 46,112.50 | 1,934.55 | 60,190.00 62,124.55 1,934.55 | 57,875.00 59,809.55 2,31500 F 16,012.05F 0.20 18.00 0.20 20.00 0.20 18.00 1,050.00| 31,500.00 | 32,550.000 859.80 | 46,300.00| 47,159.804 859,80 | 41,670,00| 42,529.80 | -4,530.00 | | |-14,609.81 || -2,315.00 U 1,402.25F STATIC BUDGET VARIANCE FLEXIBLE BUDGET VARIANCE 1402.25 F 2314.90 U