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1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a...
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Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
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The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for August: (Click the icon to view the performance report in contribution margin format.) 0 Requirements Read the requirements. i Data Table - X Requirement 1. What is the budgeted sal The budgeted sales price per unit is $ U The Lively Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 Master...
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Requirement 2. Comment on the results in requirement 1. Please
help with choosing the comments based on the answer above
The total static-budget variance in operating income is $
(number)
There is a(n) (Favorable/Unfavorable)
total flexible-budget
variance and a(n) (Favorable/Unfavorable)
sales-volume variance. The sales-volume variance arises solely
because actual units
manufactured and sold were (less/more)
than the budgeted 3,700 units. The flexible-budget variance in
operating income is due
primarily to the (increase/decrease)
in unit variable costs.
Anderson Enterprises manufactures tires...
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ses. To follow is the company's performance report in contribution margin format for August: Data Table The Outrageous Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 Master Budget Master Budget Variance Actual Sales volume (number of cases sold) Sales revenue 60,000 57,000 Less: Variable expenses Contribution margin 217,800 $ 124,500 93,300 $ 66,200 193,800 114,000 79,800 65,000 Less: Fixed expenses Operating income $ 27,100 $ 14.800 PR 7 of 9 (1 complete) ulti-pack cases. To...
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Req. 4,5, 6
A Data Table Actual vs. Budget Performance Report For the Month Ended August 31 Master Budget Master Budget Actual Variance 53,000 Sales volume (number of cases sold) Sales revenue 155,800 $ 137 800 68.900 Less: Variable expenses Contribution margin $ 76 400 $ 68.200 8 200 S 68.900 67 000 Less: Fixed expenses Operating income 1.900 Done 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management...
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The Outrageous Balloon Company produces party balloons that
are sold in multi-pack cases. To follow is the company's
performance report in contribution margin format for July:
Data Table X 0 Requirements The Outrageous Balloon Company Actual vs Budget Performance Report For the Month Ended July 31 Master Budget Master Budget Variance Actual Sales volume number of cases sold) Sales revendo Less: Variable expenses Contribution margin 62,600 $ 218,700 $ 84.300 60,000 104,700 70.800 1. What is the budgeted sales price...
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Complete the following Flexible Budget Performance Report. Interpret your results. Remember on the variances to put Favorable (F) or Unfavorable (U) Flexible i e Flexible Volume Master Actual Budget B. Budget Variance Budget Variance Sales 57,500 57,500 53,000 Volume Sales Revenue $206,500 ($3.50 per unit) Less: Variable Expenses $83,200 ($1.40 per unit) Contribution $123,300 Margin Less: Fixed $65,500 $64,000 Expenses Operating $57,800 Income
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Melton Enterprises manufactures tires for the Formula 1 motor
racing circuit. For August 2017, it budgeted to manufacture and
sell 3,300 tires at a variable cost of $75 per tire and total fixed
costs of $54,500. The budgeted selling price was $111 per tire.
Actual results in August 2017 were 3,200 tires manufactured and
sold at a selling price of $113 per tire. The actual total variable
costs were $265,600. And the actual total fixed costs were
$51,000.
Requirement 1....
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Garbera Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,100 tires at a variable cost of $77 per tire and total fixed costs of $53,000. The budgeted selling price was $107 per tire. Actual results in August 2017 were 2,900 tires manufactured and sold at a selling price of $109 per tire. The actual total variable costs were $240,700, and the actual total fixed costs were $49,500. Read the...
1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for August: (Click the icon to view the performance report in contribution margin format.) 0 Requirements Read the requirements. i Data Table - X Requirement 1. What is the budgeted sal The budgeted sales price per unit is $ U The Lively Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 Master...
Requirement 2. Comment on the results in requirement 1. Please
help with choosing the comments based on the answer above
The total static-budget variance in operating income is $
(number)
There is a(n) (Favorable/Unfavorable)
total flexible-budget
variance and a(n) (Favorable/Unfavorable)
sales-volume variance. The sales-volume variance arises solely
because actual units
manufactured and sold were (less/more)
than the budgeted 3,700 units. The flexible-budget variance in
operating income is due
primarily to the (increase/decrease)
in unit variable costs.
Anderson Enterprises manufactures tires...
ses. To follow is the company's performance report in contribution margin format for August: Data Table The Outrageous Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 Master Budget Master Budget Variance Actual Sales volume (number of cases sold) Sales revenue 60,000 57,000 Less: Variable expenses Contribution margin 217,800 $ 124,500 93,300 $ 66,200 193,800 114,000 79,800 65,000 Less: Fixed expenses Operating income $ 27,100 $ 14.800 PR 7 of 9 (1 complete) ulti-pack cases. To...
Req. 4,5, 6
A Data Table Actual vs. Budget Performance Report For the Month Ended August 31 Master Budget Master Budget Actual Variance 53,000 Sales volume (number of cases sold) Sales revenue 155,800 $ 137 800 68.900 Less: Variable expenses Contribution margin $ 76 400 $ 68.200 8 200 S 68.900 67 000 Less: Fixed expenses Operating income 1.900 Done 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management...
The Outrageous Balloon Company produces party balloons that
are sold in multi-pack cases. To follow is the company's
performance report in contribution margin format for July:
Data Table X 0 Requirements The Outrageous Balloon Company Actual vs Budget Performance Report For the Month Ended July 31 Master Budget Master Budget Variance Actual Sales volume number of cases sold) Sales revendo Less: Variable expenses Contribution margin 62,600 $ 218,700 $ 84.300 60,000 104,700 70.800 1. What is the budgeted sales price...
Complete the following Flexible Budget Performance Report. Interpret your results. Remember on the variances to put Favorable (F) or Unfavorable (U) Flexible i e Flexible Volume Master Actual Budget B. Budget Variance Budget Variance Sales 57,500 57,500 53,000 Volume Sales Revenue $206,500 ($3.50 per unit) Less: Variable Expenses $83,200 ($1.40 per unit) Contribution $123,300 Margin Less: Fixed $65,500 $64,000 Expenses Operating $57,800 Income
Melton Enterprises manufactures tires for the Formula 1 motor
racing circuit. For August 2017, it budgeted to manufacture and
sell 3,300 tires at a variable cost of $75 per tire and total fixed
costs of $54,500. The budgeted selling price was $111 per tire.
Actual results in August 2017 were 3,200 tires manufactured and
sold at a selling price of $113 per tire. The actual total variable
costs were $265,600. And the actual total fixed costs were
$51,000.
Requirement 1....
Garbera Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,100 tires at a variable cost of $77 per tire and total fixed costs of $53,000. The budgeted selling price was $107 per tire. Actual results in August 2017 were 2,900 tires manufactured and sold at a selling price of $109 per tire. The actual total variable costs were $240,700, and the actual total fixed costs were $49,500. Read the...