Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
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Find the values of the missing items. Assume that the actual
sales volume equals actual production...
Find the values of the missing items. Assume that the actual sales volume equals actual productio...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" or favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Reported Income Statement (2,400 units) Flexible Budget (2,400 units) Marketing and Administrative Variance Master Budget Sales Activity Sales Price Variance Manufacturing Variance Variance(2,600 units) S 129,600 Sales...
Find the values of the missing items. Assume that the actual sales volume equals actual production...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of ench variance by selecting "F" for favorable, or "U for unfavorable. If there is no effect, do not select either option.) oints etbook Reported Fiexible Marketing and Administrative Variance Master Budget (2,700 units) Part Income Statement (2,500 units) Manufacturing Variance Sales Price Variance Budget (2.500 units) Sales Activity...
Find the values of the missing items.
Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
blem 16-52 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4) | the values of...
blem 16-52 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4) | the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory I changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" Infavorable. If there is no effect, do not select either option.) Reported Income Statement (2,250 units) $ 117,000 Marketing and Manufacturing Variance Administrative Variance Sales Price Variance...
please explain how to do IN ind the values of the missing items (a) through (q)....
please explain how to do
IN ind the values of the missing items (a) through (q). that the actual sales voltume equals actual production vokume. (There are no inventory level changes ) Reported StatementVariance Marketing Income Manufacturing & Admin Sales Price Sales Flexible Activity Master VarianceVarianceBudget Variance Budget Provided Information Units 2,400 s 121,500 $ 117,000 Sales revenue S 2,280 F Variable manufacturing costs Variable marketing& admin costs Contribution margin 3,600 F S 14,400 $74,400 Sales Marketing Sales Price Reported...
Comparison of Actual and Budgeted Operating Income EXHIBIT 14.1 SCHMIDT MACHINERY COMPANY Analysis of Operating Income...
Comparison of Actual and Budgeted Operating Income EXHIBIT 14.1 SCHMIDT MACHINERY COMPANY Analysis of Operating Income For October 2019 (1) (2) (3) Variances Actual Operating Income Master (Static) Budget 220U Units 780 1,000 $ 160,400U 100% $639,600 100% Sales $800,000 Variable costs 99.050F 350,950 55 450.000 56 $350,000 Contribution margin $288,650 45% 44% $ 61,350U 150.000 *** 160.650 Fixed costs 25 19 10.650U $128,000 20% $ Operating income $200,000 25% 72,000U *U denotes an unfavorable effect on operating income. *F...
The following information is available for Brownstone Products Company for the month of July: Units Sales...
The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Actual Budget 3,900 3,200 $55,800 $60,000 10,900 16,000 12,800 13,800 7,400 8,000 8,800 10,450 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or unfavorable...
The master budget at Western Company last period called for sales of 226,100 units at $10.10...
The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
The master budget at Western Company last period called for sales of 225,400 units at $9.40...
The master budget at Western Company last period called for sales of 225,400 units at $9.40 each. The costs were estimated to be $3.79 variable per unit and $225,400 fixed. During the period, actual production and actual sales were 230,400 units. The selling price was $9.50 per unit. Variable costs were $4.90 per unit. Actual fixed costs were $225,400. Required: Prepare a profit variance analysis (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable....
The master budget at Western Company last period called for sales of 225,800 units at $9.8...
The master budget at Western Company last period called for sales of 225,800 units at $9.8 each. The costs were estimated to be $3.83 variable per unit and $225,800 fixed. During the period, actual production and actual sales were 230,800 units. The selling price was $9.90 per unit. Variable costs were $5.30 per unit. Actual fixed costs were $225,800. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" or favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Reported Income Statement (2,400 units) Flexible Budget (2,400 units) Marketing and Administrative Variance Master Budget Sales Activity Sales Price Variance Manufacturing Variance Variance(2,600 units) S 129,600 Sales...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of ench variance by selecting "F" for favorable, or "U for unfavorable. If there is no effect, do not select either option.) oints etbook Reported Fiexible Marketing and Administrative Variance Master Budget (2,700 units) Part Income Statement (2,500 units) Manufacturing Variance Sales Price Variance Budget (2.500 units) Sales Activity...
Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
blem 16-52 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4) | the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory I changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" Infavorable. If there is no effect, do not select either option.) Reported Income Statement (2,250 units) $ 117,000 Marketing and Manufacturing Variance Administrative Variance Sales Price Variance...
please explain how to do
IN ind the values of the missing items (a) through (q). that the actual sales voltume equals actual production vokume. (There are no inventory level changes ) Reported StatementVariance Marketing Income Manufacturing & Admin Sales Price Sales Flexible Activity Master VarianceVarianceBudget Variance Budget Provided Information Units 2,400 s 121,500 $ 117,000 Sales revenue S 2,280 F Variable manufacturing costs Variable marketing& admin costs Contribution margin 3,600 F S 14,400 $74,400 Sales Marketing Sales Price Reported...
Comparison of Actual and Budgeted Operating Income EXHIBIT 14.1 SCHMIDT MACHINERY COMPANY Analysis of Operating Income For October 2019 (1) (2) (3) Variances Actual Operating Income Master (Static) Budget 220U Units 780 1,000 $ 160,400U 100% $639,600 100% Sales $800,000 Variable costs 99.050F 350,950 55 450.000 56 $350,000 Contribution margin $288,650 45% 44% $ 61,350U 150.000 *** 160.650 Fixed costs 25 19 10.650U $128,000 20% $ Operating income $200,000 25% 72,000U *U denotes an unfavorable effect on operating income. *F...
The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Actual Budget 3,900 3,200 $55,800 $60,000 10,900 16,000 12,800 13,800 7,400 8,000 8,800 10,450 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or unfavorable...
The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
The master budget at Western Company last period called for sales of 225,400 units at $9.40 each. The costs were estimated to be $3.79 variable per unit and $225,400 fixed. During the period, actual production and actual sales were 230,400 units. The selling price was $9.50 per unit. Variable costs were $4.90 per unit. Actual fixed costs were $225,400. Required: Prepare a profit variance analysis (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable....
The master budget at Western Company last period called for sales of 225,800 units at $9.8 each. The costs were estimated to be $3.83 variable per unit and $225,800 fixed. During the period, actual production and actual sales were 230,800 units. The selling price was $9.90 per unit. Variable costs were $5.30 per unit. Actual fixed costs were $225,800. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
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