Homework Answers
| Actual Data | ||||
| Particulars | Amount | |||
| Sales | $ 380,000.00 | |||
| Less: | Variable Costs | $(210,000.00) | ||
| Contribution Margin | $ 170,000.00 | |||
| Less: | Fixed Costs | $(145,000.00) | ||
| Operating Income | $ 25,000.00 | |||
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14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co.,...
#3 only. 14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen...
#3 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual Master (Static) Budget 40,000 45.000 $380,000 $450,000 210,000 270.000 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations, round...
#2 only. 14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen...
#2 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual Master (Static) Budget 40,000 45,000 $380,000 $450.000 210,000 270.000 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations; round...
#4 only. 14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen...
#4 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Actual Master (Static) Budget Units sold 40,000 45.000 Sales $350,000 $450.000 Variable costs 210,000 270.000 Fixed costs 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations, round...
#5 only. 14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen...
#5 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual Master (Static) Budget 40,000 45,000 $380,000 $450.000 210,000 270.000 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations; round...
As the new accountant for Cohen & Co., you have been asked to provide a succinct...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct analysis of financial performance for the
year just ended. You obtain the following information that pertains
to the company’s sole product:
Actual
Master (Static) Budget
Units sold
40,000
45,000
Sales
$
380,000
$
450,000
Variable costs
210,000
270,000
Fixed costs
145,000
135,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master (static) budget operating
income for...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual 45,000 $390,000 214,000 150,000 Master (Static) Budget 50,000 $ 450,000 270,000 136,000 Required: 1. What was the actual operating income for the period? 2. What was the company's master (static) budget operating income for the...
As the new accountant for Cohen & Co., you have been asked to provide a succinct...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct analysis of financial performance for the
year just ended. You obtain the following information that pertains
to the company’s sole product:
Actual
Master (Static) Budget
Units sold
25,000
30,000
Sales
$
402,000
$
456,000
Variable costs
232,000
276,000
Fixed costs
161,000
141,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master (static) budget operating
income for...
As the new accountant for Cohen & Co., you have been asked to provide a succinct...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Master (Static) Budget 50,000 $458,000 278,000 143,000 Actual 45,000 $412,000 242,000 Units sold Sales Variable costs Fixed costs 151,000 Required: 1. What was the actual operating income for the period? 2. What was the company's master (static) budget operating income for the period?...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual 25,000 $ 408,000 238,000 161,000 Master (Static) Budget 30,000 $ 456,000 276,000 141,000 Required: 1. What was the actual operating income for the period? 2. What was the company's master (static) budget operating income for...
The Beekman Company produces engine parts for car manufacturers. A new accountant intern at Beekman has...
The Beekman Company produces engine parts for car manufacturers. A new accountant intern at Beekman has accidentally deleted the calculations on the company's variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data. Performance Report Year Ended December 31, 2017 Actual Flexible-Budget Flexible Sales-Volume Static Results Variances Budget Variances Budget Units sold 103,000 97,000 Revenues (sales) $695,250 $412,250 Variable costs 450,000 218,250 Contribution margin 245,250 194,000 Fixed costs 156,250 105,000 Operating...
#3 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual Master (Static) Budget 40,000 45.000 $380,000 $450,000 210,000 270.000 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations, round...
#2 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual Master (Static) Budget 40,000 45,000 $380,000 $450.000 210,000 270.000 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations; round...
#4 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Actual Master (Static) Budget Units sold 40,000 45.000 Sales $350,000 $450.000 Variable costs 210,000 270.000 Fixed costs 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations, round...
#5 only.
14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual Master (Static) Budget 40,000 45,000 $380,000 $450.000 210,000 270.000 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations; round...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct analysis of financial performance for the
year just ended. You obtain the following information that pertains
to the company’s sole product:
Actual
Master (Static) Budget
Units sold
40,000
45,000
Sales
$
380,000
$
450,000
Variable costs
210,000
270,000
Fixed costs
145,000
135,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master (static) budget operating
income for...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual 45,000 $390,000 214,000 150,000 Master (Static) Budget 50,000 $ 450,000 270,000 136,000 Required: 1. What was the actual operating income for the period? 2. What was the company's master (static) budget operating income for the...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct analysis of financial performance for the
year just ended. You obtain the following information that pertains
to the company’s sole product:
Actual
Master (Static) Budget
Units sold
25,000
30,000
Sales
$
402,000
$
456,000
Variable costs
232,000
276,000
Fixed costs
161,000
141,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master (static) budget operating
income for...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Master (Static) Budget 50,000 $458,000 278,000 143,000 Actual 45,000 $412,000 242,000 Units sold Sales Variable costs Fixed costs 151,000 Required: 1. What was the actual operating income for the period? 2. What was the company's master (static) budget operating income for the period?...
As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Units sold Sales Variable costs Fixed costs Actual 25,000 $ 408,000 238,000 161,000 Master (Static) Budget 30,000 $ 456,000 276,000 141,000 Required: 1. What was the actual operating income for the period? 2. What was the company's master (static) budget operating income for...
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