Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000...
| Actual Results | Flexible Budget Variance | Flexible Budget | Sales Activity Variance | Master Budget | ||||||||||||||||
| Units | 13,000 | ? | 2,000 | U | ? | |||||||||||||||
| Sales revenue | ? | 13,000 | F | ? | ? | ? | ||||||||||||||
| Less: | ||||||||||||||||||||
| Variable mfg. costs | $ | 87,750 | $ | 91,000 | ? | $ | 105,000 | |||||||||||||
| Variable mktg/adm.costs | ? | $ | 3,250 | U | ? | $ | 4,000 | F | 30,000 | |||||||||||
| Contribution margin | $ | 52,000 | ? | ? | $ | 6,000 | U | ? | ||||||||||||
What is the master budget sales revenue?
Homework Answers
| Actual Results | Flexible Budget Variance | Flexible Budget | Sales Activity Variance | Master Budget | |||||||||||||||
| Units | 13,000 | 13000 | 2,000 | U | 15000 | ||||||||||||||
| Sales revenue | 169000 | 13,000 | F | 156000 | 24000 | U | 180000 | ||||||||||||
| Less: | |||||||||||||||||||
| Variable mfg. costs | $ | 87,750 | 3250 | F | $ | 91,000 | 14000 | F | $ | 105,000 | |||||||||
| Variable mktg/adm.costs | 29250 | $ | 3,250 | U | 26000 | $ | 4,000 | F | 30,000 | ||||||||||
| Contribution margin | $ | 52,000 | 13000 | F | 39000 | $ | 6,000 | U | 45000 | ||||||||||
Master budget sales revenue = $180000
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13,000
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2,000...
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000...
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000 U ? Sales revenue ? 13,000 F ? ? ? Less: Variable mfg. costs $ 87,750 $ 91,000 ? $ 105,000 Variable mktg/adm.costs ? $ 3,250 U ? $ 4,000 F 30,000 Contribution margin $ 52,000 ? ? $ 6,000 U ? What is the actual sales revenue?
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000...
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000 U ? Sales revenue ? 13,000 F ? ? ? Less: Variable mfg. costs $ 87,750 $ 91,000 ? $ 105,000 Variable mktg/adm.costs ? $ 3,250 U ? $ 4,000 F 30,000 Contribution margin $ 52,000 ? ? $ 6,000 U ? What is the sales revenue in the flexible budget?
James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
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James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 12,000 ? 3,000 U ? Sales revenue ? $ 13,800 F ? ? ? Less: Variable manufacturing costs $ 89,500 $ 96,000 ? $ 119,000 Variable marketing and administrative ? $ 8,500 U ? $ 9,200 F $ 37,000 Contribution margin $ 56,000 ? ? $ 6,700 U ? What was James’s actual sales revenue for July?
James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
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Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue...
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James Manufacturing has the following information available for July Flexible Budget Variance Flexible Budget Sales Activity...
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Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
James Manufacturing has the following information available for July Flexible Budget Variance Flexible Budget Sales Activity Variance 3,0000 Master Budget $16,800F Actual Results Units 12,000 Sales revenue Less: Variable manufacturing costs $88,500 Variable marketing and administrative Contribution margin $52,000 $92,000 $ 5,5000 ? $6,200F $6,3000 $111,000 $ 33,000 ? What was James's flexible budget sales revenue for July? Multiple Choice $156.000 O O $195.000 O $172.800 o
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