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FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of...
Top managers of Juda Industries predicted 2018 sales of 15,200 units of its product at a...
Top managers of Juda Industries predicted 2018 sales of 15,200 units of its product at a unit price of $7.00. Actual sales for the year were 14,400 units at $8.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $2,500. Prepare Juda's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible...
Top managers of White Industries predicted 2018 sales of 14,700 units of its product at a...
Top managers of White Industries predicted 2018 sales of 14,700 units of its product at a unit price of $6.00. Actual sales for the year were 14,200 units at $11.50 each. Variable costs were budgeted at $2.80 per unit, and achual variable costs were $2.90 per unit Actual fixed costs of $50,000 exceeded budgeted foxed costs by $4,500 Prepare White's Bexible budget performance report. What variance contributed most to the year's tavorable results? What caused this variance? Prepare a flexible...
Top managers of Root Industries predicted 2018 sales of 14,500 units of its product at a...
Top managers of Root Industries predicted 2018 sales of 14,500 units of its product at a unit price of $7.00. Actual sales for the year were 14, 100 units at $11.00 each. Variable costs were budgeted at $2.80 per unit, and actual variable costs were $2.90 per unit. Actual fixed costs of $50,000 exceeded budgeted fixed costs by $3,000. Prepare Root's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a...
Top managers of Stenback Industries predicted 2018 sales of 14,900 units of its product at a unit price of $9.00. A...
Top managers of Stenback Industries predicted 2018 sales of 14,900 units of its product at a unit price of $9.00. Actual sales for the year were 14,700 units at $10.50 each. Variable costs were budgeted at $2.20 per unit, and actual variable costs were $2.30 per unit Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5,500. Prepare Stenback's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? REPERATE EE Prepare...
Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a...
Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June, the company produced and sold 10,800 units and incurred actual variable costs of $351,000 and actual fixed costs of $285,000. Actual sales for June were $885,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately....
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $333,750 budgeted expenses include $293,700 variable expenses and $40,050 fixed expenses. Actual expenses include $46,350 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Fixed Budget Results 8,900 11,300 $445,000 $ 565,000 333,750 395,500 $111,250 $ 169,500 $120,000 F 61,750 U $ 58,250 F es Prepare a flexible budget performance report showing any variances...
Nanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30...
Nanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 28,000 30,500 $ 252,000 $ Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 5,600 F 204,400 189,100 16,500 21,000
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance rep...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $326,250 budgeted expenses include $278,400 variable expenses and $47,850 fixed expenses. Actual expenses include $56,750 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,700 $435,000 326,250 $108,750 Actual Results 11,100 $555,000 388,500 $166,500 $120,000 62,250U $ 57,750 F Prepare a flexible budget performance report showing any variances between budgeted and actual results....
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted an...
Lewis Co. reports the following results for May.
Prepare a flexible
budget report showing variances between budgeted and actual
results.
please help
Lewis Co. reports the following results for May Prepare a flexible budget report showing variar results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 1,250 per unit $ 500 per unit $153,500 1,390 Actual $2,836,000 5 831,000 $ 141,000 1,590 List variable and fixed expenses separately (Indicate the effect of each variance by selecting...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $167,240...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $167,240 budgeted expenses include $114,240 in variable expenses for desks and $21,000 in variable expenses for chairs, as well as $32,000 fixed expenses. The actual expenses include $33,600 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 136 142 60 68 $170,000 $176,080 $6,080...
Top managers of Juda Industries predicted 2018 sales of 15,200 units of its product at a unit price of $7.00. Actual sales for the year were 14,400 units at $8.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $2,500. Prepare Juda's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible...
Top managers of White Industries predicted 2018 sales of 14,700 units of its product at a unit price of $6.00. Actual sales for the year were 14,200 units at $11.50 each. Variable costs were budgeted at $2.80 per unit, and achual variable costs were $2.90 per unit Actual fixed costs of $50,000 exceeded budgeted foxed costs by $4,500 Prepare White's Bexible budget performance report. What variance contributed most to the year's tavorable results? What caused this variance? Prepare a flexible...
Top managers of Root Industries predicted 2018 sales of 14,500 units of its product at a unit price of $7.00. Actual sales for the year were 14, 100 units at $11.00 each. Variable costs were budgeted at $2.80 per unit, and actual variable costs were $2.90 per unit. Actual fixed costs of $50,000 exceeded budgeted fixed costs by $3,000. Prepare Root's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a...
Top managers of Stenback Industries predicted 2018 sales of 14,900 units of its product at a unit price of $9.00. Actual sales for the year were 14,700 units at $10.50 each. Variable costs were budgeted at $2.20 per unit, and actual variable costs were $2.30 per unit Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5,500. Prepare Stenback's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? REPERATE EE Prepare...
Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June, the company produced and sold 10,800 units and incurred actual variable costs of $351,000 and actual fixed costs of $285,000. Actual sales for June were $885,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately....
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $333,750 budgeted expenses include $293,700 variable expenses and $40,050 fixed expenses. Actual expenses include $46,350 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Fixed Budget Results 8,900 11,300 $445,000 $ 565,000 333,750 395,500 $111,250 $ 169,500 $120,000 F 61,750 U $ 58,250 F es Prepare a flexible budget performance report showing any variances...
Nanco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Variance Master Budget Output units 28,000 30,500 $ 252,000 $ Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 5,600 F 204,400 189,100 16,500 21,000
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $326,250 budgeted expenses include $278,400 variable expenses and $47,850 fixed expenses. Actual expenses include $56,750 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Fixed Budget 8,700 $435,000 326,250 $108,750 Actual Results 11,100 $555,000 388,500 $166,500 $120,000 62,250U $ 57,750 F Prepare a flexible budget performance report showing any variances between budgeted and actual results....
Lewis Co. reports the following results for May.
Prepare a flexible
budget report showing variances between budgeted and actual
results.
please help
Lewis Co. reports the following results for May Prepare a flexible budget report showing variar results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 1,250 per unit $ 500 per unit $153,500 1,390 Actual $2,836,000 5 831,000 $ 141,000 1,590 List variable and fixed expenses separately (Indicate the effect of each variance by selecting...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $167,240 budgeted expenses include $114,240 in variable expenses for desks and $21,000 in variable expenses for chairs, as well as $32,000 fixed expenses. The actual expenses include $33,600 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 136 142 60 68 $170,000 $176,080 $6,080...
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