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Xion Co. budgets a selling price of $83 per unit, variable costs of $35 per unit,...
Xion Co. budgets a selling price of $81 per unit, variable costs of $35 per unit,...
Xion Co. budgets a selling price of $81 per unit, variable costs of $35 per unit, and total fixed costs of $278,000. During June, the company produced and sold 11,600 units and incurred actual variable costs of $359,000 and actual fixed costs of $293,000. Actual sales for June were $965,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
Xion Co budgets a selling price of $81 per unit, variable costs of $35 per unit,...
Xion Co budgets a selling price of $81 per unit, variable costs of $35 per unit, and total fixed costs of $281,000. During June, the company produced and sold 11,900 units and incurred actual variable costs of $362,000 and actual fixed costs of $296,000. Actual sales for June were $995,000 Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit,...
Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $279,000 During June, the company produced and sold 11,700 units and incurred actual variable costs of $360,000 and actual fixed costs of $294,000. Actual sales for June were $975,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
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....
Solitaire Company's fixed budget performance report for June follows. The $300,000 budgeted expenses include $272,000 variable...
Solitaire Company's fixed budget performance report for June follows. The $300,000 budgeted expenses include $272,000 variable expenses and $28,000 fixed expenses. Actual expenses include $34,100 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 8,000 $400,000 300,000 $100,000 Actual Results 10.400 $520,000 364,000 $156,000 $120,000 64,000U $ 56,000 Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. SOLITAIRE COMPANY Flexible Budget Performance...
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between...
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Budgeted $ 1,150 per unit %24 Actual Sales Variable expenses Fixed expenses (total) Units produced and sold $1,828,000 $ 726,000 $ 139,000 1,570 460 per unit $150, 500 1,370 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31...
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for...
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 550 per unit $ 220 per unit $132,500 1,250 Actual $815,000 $332,000 $127,000 1,450 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance...
h Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances...
h
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 350 per unit $ 140 per unit $126,500 1,210 Actual $510,000 $ 204,000 $123,000 1,410 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Answer is not complete. LEWIS CO. Flexible Budget Performance Report Variances Fav./Unf....
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. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 300 per unit $ 120 per unit $125,000 1,200 Actual $435,000 $172,000 $122,000 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual...
Solitaire Company’s fixed budget performance report for June follows. The $311,250 budgeted expenses include $273,900 variable...
Solitaire Company’s fixed budget performance report for June follows. The $311,250 budgeted expenses include $273,900 variable expenses and $37,350 fixed expenses. Actual expenses include $43,850 fixed expenses. Fixed Budget Actual Results Variances Sales (in units) 8,300 10,700 Sales (in dollars) $ 415,000 $ 535,000 $ 120,000 F Total expenses 311,250 374,500 63,250 U Income from operations $ 103,750 $ 160,500 $ 56,750 F Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and...
Xion Co budgets a selling price of $81 per unit, variable costs of $35 per unit, and total fixed costs of $281,000. During June, the company produced and sold 11,900 units and incurred actual variable costs of $362,000 and actual fixed costs of $296,000. Actual sales for June were $995,000 Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $279,000 During June, the company produced and sold 11,700 units and incurred actual variable costs of $360,000 and actual fixed costs of $294,000. Actual sales for June were $975,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
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....
Solitaire Company's fixed budget performance report for June follows. The $300,000 budgeted expenses include $272,000 variable expenses and $28,000 fixed expenses. Actual expenses include $34,100 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 8,000 $400,000 300,000 $100,000 Actual Results 10.400 $520,000 364,000 $156,000 $120,000 64,000U $ 56,000 Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately. SOLITAIRE COMPANY Flexible Budget Performance...
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Budgeted $ 1,150 per unit %24 Actual Sales Variable expenses Fixed expenses (total) Units produced and sold $1,828,000 $ 726,000 $ 139,000 1,570 460 per unit $150, 500 1,370 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31...
Exercise 21-6 Preparing a flexible budget report LO P1 Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 550 per unit $ 220 per unit $132,500 1,250 Actual $815,000 $332,000 $127,000 1,450 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance...
h
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 350 per unit $ 140 per unit $126,500 1,210 Actual $510,000 $ 204,000 $123,000 1,410 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Answer is not complete. LEWIS CO. Flexible Budget Performance Report Variances Fav./Unf....
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 300 per unit $ 120 per unit $125,000 1,200 Actual $435,000 $172,000 $122,000 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual...
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