Homework Answers
| WESTERN COMPANY | |||||||||
| Profit Variance Analysis | |||||||||
| Actual budget | Manufacturing variances | Sales price variance | Flexible budget | Sales activity variance | Master budget | ||||
| Sales revenue | (230000*$9.10)= $2093000 | (2093000-2070000)= 23000 | F | (230000*$9)= $2070000 | (2070000-2025000)= 45000 | F | (225000*$9)= $2025000 | ||
| Less: | |||||||||
| Variable costs | (230000*$4.50)= 1035000 | (1035000-862500)= 172500 | U | (230000*$3.75)= 862500 | (862500-843750)= 18750 | U | (225000*$3.75)= 843750 | ||
| Contribution margin | 1058000 | 172500 | U | 23000 | F | 1207500 | 26250 | F | 1181250 |
| Less: | |||||||||
| Fixed costs | 225000 | (225000-225000)= 0 | - | 225000 | (225000-225000)= 0 | - | 225000 | ||
| Operating profits | $833000 | 172500 | U | 23000 | F | $982500 | 26250 | F | $956250 |
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The master budget at Western Company last period called for sales of 225,000 units at $9...
The master budget at Western Company last period called for sales of 225,000 units at $9...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. 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 225,000 units at $9...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. Required: Prepare a flexible budget for Western. Answer is not complete. WESTERN COMPANY Flexible Budget Sales revenue Variable costs Contribution margin...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estim...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230.000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225.000. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
The master budget at Western Company last period called for sales of 225,700 units at $9.70...
The master budget at Western Company last period called for sales of 225,700 units at $9.70 each. The costs were estimated to be $3.82 variable per unit and $225,700 fixed. During the period, actual production and actual sales were 230,700 units. The selling price was $9.80 per unit. Variable costs were $5.20 per unit. Actual fixed costs were $225,700. 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 226,000 units at $10.00...
The master budget at Western Company last period called for sales of 226,000 units at $10.00 each. The costs were estimated to be $3.85 variable per unit and $226,000 fixed. During the period, actual production and actual sales were 231,000 units. The selling price was $10.10 per unit. Variable costs were $5.50 per unit. Actual fixed costs were $226,000. 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 225,900 units at $9.90...
The master budget at Western Company last period called for sales of 225,900 units at $9.90 each. The costs were estimated to be $3.84 variable per unit and $225,900 fixed. During the period, actual production and actual sales were 230,900 units. The selling price was $10.00 per unit. Variable costs were $5.40 per unit. Actual fixed costs were $225,900. 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 226,800 units at $10.80...
The master budget at Western Company last period called for sales of 226,800 units at $10.80 each. The costs were estimated to be $3.93 variable per unit and $226,800 fixed. During the period, actual production and actual sales were 231,800 units. The selling price was $10.90 per unit. Variable costs were $6.30 per unit. Actual fixed costs were $226,800. Required: Prepare a profit variance analysis. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for 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...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. 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 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. Required: Prepare a flexible budget for Western. Answer is not complete. WESTERN COMPANY Flexible Budget Sales revenue Variable costs Contribution margin...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230.000 units. The selling price was $9.10 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225.000. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
The master budget at Western Company last period called for sales of 225,700 units at $9.70 each. The costs were estimated to be $3.82 variable per unit and $225,700 fixed. During the period, actual production and actual sales were 230,700 units. The selling price was $9.80 per unit. Variable costs were $5.20 per unit. Actual fixed costs were $225,700. 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 225,900 units at $9.90 each. The costs were estimated to be $3.84 variable per unit and $225,900 fixed. During the period, actual production and actual sales were 230,900 units. The selling price was $10.00 per unit. Variable costs were $5.40 per unit. Actual fixed costs were $225,900. 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 226,800 units at $10.80 each. The costs were estimated to be $3.93 variable per unit and $226,800 fixed. During the period, actual production and actual sales were 231,800 units. The selling price was $10.90 per unit. Variable costs were $6.30 per unit. Actual fixed costs were $226,800. Required: Prepare a profit variance analysis. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for 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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