Cost Accounting , chapter 14 Write the answers in the space provided from A to S...
Cost Accounting , chapter 14
Write the answers in the space provided from A to S
| Actual Results | A? | Flexible budget | B? | Master Budget | |
| Units | 225000 | C? | D? | E? | 260250 |
| Sales Revenue | 126240 | F? | 135000 | G? | h? |
| Variable Costs | j? | $ 600 U | I? | K? | $66,000 |
| Fixed Costs | 16560 | L? | 18280 | M? | N? |
| Operating Income | o? | P? | Q? | R? | S? |
Please , provide step by step solution
Homework Answers
Solution:
| Particulars | Actual Results | Revenue and Spending Variance | Flexible budget | Activity Variance | Master Budget | ||
| Units | 225000 | 0 | None | 225000 | 35250 | U | 260250 |
| Sales Revenue | $126,240 | $8,760 | U | $135,000 | $21,150 | U | $156,150 |
| Variable Costs | $57,661 | $600 | U | $57,061 | $8,939 | F | $66,000 |
| Fixed Costs | $16,560 | $1,720 | F | $18,280 | $0 | None | $18,280 |
| Operating Income | $52,019 | $7,640 | U | $59,659 | $12,211 | U | $71,870 |
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Cost Accounting , chapter 14
Write the answers in the space provided from A to S...
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