Assume that a company’s revenue in its flexible budget is $76,000. Its actual amount of revenue...
Assume that a company’s revenue in its flexible budget is $76,000. Its actual amount of revenue is $70,200 and the amount of revenue in the company’s planning budget is $78,000. The amount of the revenue variance is:
Homework Answers
Revenue Variance = Budgeted Revenue - Actual Revenue
Revenue Variance = 78000 - 70200
Revenue Variance = $7800 unfavorable
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Assume that a company’s revenue in its flexible budget is
$76,000. Its actual amount of revenue...
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1.
What amount of revenue would be included in Adgers flexible
budget for May?
2.
What amount of employee salaries and wages would be included in
Adgers flexible budget for May?
3.
What amount of travel expenses would be included in Adgers
flexible budget for May?
4.
What amount of other expenses would be included in Adgers
flexible budget for May?
5. What net operating income would appear in Adgers flexible
budget for May?
6.
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61) Assume that a company’s planned level of activity was 3,500 units and its actual level...
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Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000...
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000 U ? Sales revenue ? 13,000 F ? ? ? Less: Variable mfg. costs $ 87,750 $ 91,000 ? $ 105,000 Variable mktg/adm.costs ? $ 3,250 U ? $ 4,000 F 30,000 Contribution margin $ 52,000 ? ? $ 6,000 U ? What is the actual sales revenue?
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000...
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000 U ? Sales revenue ? 13,000 F ? ? ? Less: Variable mfg. costs $ 87,750 $ 91,000 ? $ 105,000 Variable mktg/adm.costs ? $ 3,250 U ? $ 4,000 F 30,000 Contribution margin $ 52,000 ? ? $ 6,000 U ? What is the sales revenue in the flexible budget?
Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000...
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James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
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James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
James Manufacturing has the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 12,000 ? 3,000 U ? Sales revenue ? $ 10,800 F ? ? ? Less: Variable manufacturing costs $ 90,500 $ 95,000 ? $ 127,000 Variable marketing and administrative ? $ 4,500 U ? $ 5,200 F $ 41,000 Contribution margin $ 60,000 ? ? $ 7,100 U ? What was James’s actual sales revenue for July? Multiple...
ames Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget...
ames Manufacturing had the following information available for July: Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 12,000 ? 3,000 U ? Sales revenue ? $ 16,800 F ? ? ? Less: Variable manufacturing costs $ 88,500 $ 92,000 ? $ 111,000 Variable marketing and administrative ? $ 5,500 U ? $ 6,200 F $ 33,000 Contribution margin $ 52,000 ? ? $ 6,300 U ? What was James’s flexible budget contribution margin for July?...
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 13,000 ? 1,000 U ? Sales revenue ? $ 17,300 F ? ? ? Less: Variable manufacturing costs $ 90,000 $ 98,000 ? $ 123,000 Variable marketing and administrative ? $ 3,000 U ? $ 3,700 F $ 39,000 Contribution margin $ 58,000 ? ? $ 6,900 U ? What was James’s master budget contribution margin?
Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and...
Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Actual Results 8,800 Flexible Budget Planning Budget Cars washed Revenue $ 43,080 $ (40) U Expenses: Cleaning supplies Electricity Maintenance...
1.
What amount of revenue would be included in Adgers flexible
budget for May?
2.
What amount of employee salaries and wages would be included in
Adgers flexible budget for May?
3.
What amount of travel expenses would be included in Adgers
flexible budget for May?
4.
What amount of other expenses would be included in Adgers
flexible budget for May?
5. What net operating income would appear in Adgers flexible
budget for May?
6.
What is Adgers revenue variance...
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