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		14,000					?		4,000	U		?
Sales revenue		?	$	21,250	F		?		?			?
Less:
Variable manufacturing costs	$	89,750				$	97,000		?		$	121,000
Variable marketing and administrative		?	$	9,250	U		?	$	4,750	F	$	38,000
Contribution margin	$	57,000		?			?	$	6,800	U		?

What was James’s master budget contribution margin?

Multiple Choice

$57,000
$57,000
$72,700
$37,750

business accounting

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Answer 1

Answer #1

Answer is $57,000

Working is given below in the required format

Sales Volume Sales Revenue Variable manufacturing Variable marketing and administration Contribution Margin Actual Results 14

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Answer 2

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