James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...

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James Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...

James Manufacturing had the following information available for July:

	Actual Results		Flexible Budget Variance			Flexible Budget		Sales Activity Variance			Master Budget
Units		11,500					?		4,000	U		?
Sales revenue		?	$	14,000	F		?		?			?
Less:
Variable manufacturing costs	$	88,750				$	93,000		?		$	113,000
Variable marketing and administrative		?	$	6,250	U		?	$	7,000	F	$	34,000
Contribution margin	$	53,000		?			?	$	6,400	U		?

What was James’s activity variance for variable manufacturing costs?

Multiple Choice

$40,600
$33,400
$4,250
$20,000

business accounting

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Answer 1

Answer #1

$20,000

Activity variance for Variable manufacturing cost = Variable manufacturing cost for actual units - Variable manufacturing cost at budgeted units

Activity variance for Variable manufacturing cost = $93,000 - $113,000 = $20,000

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Answer 2

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