Homework Answers
1.
| Actual results | Static budget | Static budget variance | % of Static budget variance | |
| Units (pounds) | 560,000 | 546,000 | 14,000 | 2.56% |
| Revenue | 2,928,800 | 2,893,800 | 35,000 | 1.21% |
| Variable manufacturing overhead | 1,831,200 | 1,747,200 | 84,000 | 4.81% |
| Contribution margin | 1,097,600 | 1,146,600 | 49,000 | 4.27% |
2.
| Actual results | Flexible budget variance | Flexible budget | Sales volume variance | Static budget | Static budget variance | |
| Units (pounds) | 560,000 | 0 | 560,000 | 14,000 | 546,000 | 14,000 |
| Revenue | 2,928,800 | (39,200) | 2,968,000 (560,000*$2,893,800/546,000) | 74,200 | 2,893,800 | 35,000 |
| Variable manufacturing overhead | 1,831,200 | (39,200) | 1,792,000 (1,747,200/546,000*560,000) | (44,800) | 1,747,200 | 84,000 |
| Contribution margin | 1,097,600 | (78,400) | 1,176,000 | 29,400 | 1,146,600 | 49,000 |
3.
Selling price variance = Actual sales units * (Budgeted price - Actual price)
Selling price variance = 560,000 * ($5.3 - 5.23) = $39,200 Unfavorable
4.
The results to Jorge Braun presented should include flexible budget apart from actual and static budget.
Jorge Braun should be concerned as results shown by flexible budget is unfavorable
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