Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the...
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the following information to replace the lost data:
|
Actual Results |
Flexible Budget Variances |
Flexible Budget |
Salesminus−Volume Variances |
Static Budget |
|
|
Units sold |
490,000 |
490,000 |
447,950 |
||
|
Revenues |
$186,550 |
$4,400 F |
(A) |
$6,460 U |
(B) |
|
Variable costs |
(C) |
$860 U |
$70,970 |
$10,700 F |
$81,670 |
|
Fixed costs |
$36,510 |
$3,750 F |
$40,260 |
0 |
$40,260 |
|
Operating income |
$78,210 |
(D) |
$70,920 |
(E) |
$66,680 |
What is the total
salesminus−volume
variance (E)?
Homework Answers
| Total sales−volume variance = Operating income Flexible Budget-Operating income Static Budget |
| Total sales−volume variance (E) = 70920-66680= $ 4240 F |
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Classic Products Company manufactures colonial style desks. Some
of the company's data was misplaced. Use the...
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the...
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the following information to replace the lost data: Actual Results Flexible Budget Variances Flexible Budget 500,000 Sales - Volume Variances 500,000 $185,050 Static Budget 458,850 (B) $4,400 F $6,460 U Units sold Revenues Variable costs Fixed costs Operating income $800 U $3,750 F $68,740 $40,520 $10,900 F 0 $79,640 $40,520 $36,770 $78,740 (D) $71,390 (E) $66,950 What is the total static - budget variance? O...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Units Sold Sales- Actual Flexible Flexible Volume Static Results Variances Budget Variances Budget 112,500 $42,080 $1,000 F (A) $1,400 U (B) (C) $200 U $15,860 $8,280 $9,140 Revenues Variable Costs Fixed Costs Operating Income $17,740 (D) (E) Required: a. What are the respective flexible-budget revenues (A)? b. What are the static-budget revenues (B)? C. What are the actual variable...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Units Sold Sales- Actual Flexible Flexible Volume Static Results Variances Budget Variances Budget 112,500 $42,080 $1,000 F (A) $1,400 U (B) (C) $200 U $15,860 $8,280 $9,140 Revenues Variable Costs Fixed Costs Operating Income $17,740 (D) (E) Required: a. What are the respective flexible-budget revenues (A)? b. What are the static-budget revenues (B)? C. What are the actual variable...
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information...
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data. Flexible Budget Variance Actual Results 1,860 $119,040 Sales Flexible Volume Master Budget Variance Budget 1,750 A $57,750 $1,860 U Units Revenues Variable costs Fixed costs Operating income с $ 21,200 $ 45, 750 $30,000 The amount D (to the nearest dollar) is:
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information...
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data. Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Master Budget Units 2,080 1,860 Revenues $ 156,000 $ 2,080 U A B Variable costs C $ 81,840 Fixed costs $ 22,300 Operating income $ 46,850 D $ 41,000 The amount C, to nearest dollar, is: Multiple Choice $86,850. $109,150. $69,150. $133,700. Impossible to determine without further information.
Help, please. I have test Problem 5 (10 points) Answer the following questions using the information...
Help, please. I have test
Problem 5 (10 points) Answer the following questions using the information below (show calculations) Callsh Company manufactures tires. Some of the company's data was misplaced. Use the following information to replace the lost data: Sales-Volume Variances Flexible Budget 450,000 Flexible Budger Variances Static Budget Actual Results 450,000 Units sold 412,500 Revenues (B) $168,320 $5,600 U (A) $4,000 F Variable costs (C) $72,800 $63,440 $9,360 F $800 U Fixed costs $33,120 $36,560 $3,440 F $36,560 Operating...
Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost...
Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.60 per unit $2,800 total 800 total Thornton planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that...
Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing...
Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.70 per unit $2,500 total $ 700 total Adams planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost...
Benson Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost...
Benson Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.50 per unit $ 3.60 per unit $ 2,600 total $ 500 total Benson planned to produce and sell 2,600 units. Actual production and sales amounted to 2,900 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed...
Cellular Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018...
Cellular Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,500,8,000, and 10,000 units. The static budget was based on expected sales of 8,000 units. The company sold 10,000 units during July. Its flexible budget and actual operating income was as follows: (Click the icon to view the flexible budget.) : (Click the icon to view the income statement.) Read the requirements. Requirement 1. Prepare a flexible budget...
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the following information to replace the lost data: Actual Results Flexible Budget Variances Flexible Budget 500,000 Sales - Volume Variances 500,000 $185,050 Static Budget 458,850 (B) $4,400 F $6,460 U Units sold Revenues Variable costs Fixed costs Operating income $800 U $3,750 F $68,740 $40,520 $10,900 F 0 $79,640 $40,520 $36,770 $78,740 (D) $71,390 (E) $66,950 What is the total static - budget variance? O...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Units Sold Sales- Actual Flexible Flexible Volume Static Results Variances Budget Variances Budget 112,500 $42,080 $1,000 F (A) $1,400 U (B) (C) $200 U $15,860 $8,280 $9,140 Revenues Variable Costs Fixed Costs Operating Income $17,740 (D) (E) Required: a. What are the respective flexible-budget revenues (A)? b. What are the static-budget revenues (B)? C. What are the actual variable...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Units Sold Sales- Actual Flexible Flexible Volume Static Results Variances Budget Variances Budget 112,500 $42,080 $1,000 F (A) $1,400 U (B) (C) $200 U $15,860 $8,280 $9,140 Revenues Variable Costs Fixed Costs Operating Income $17,740 (D) (E) Required: a. What are the respective flexible-budget revenues (A)? b. What are the static-budget revenues (B)? C. What are the actual variable...
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data. Flexible Budget Variance Actual Results 1,860 $119,040 Sales Flexible Volume Master Budget Variance Budget 1,750 A $57,750 $1,860 U Units Revenues Variable costs Fixed costs Operating income с $ 21,200 $ 45, 750 $30,000 The amount D (to the nearest dollar) is:
Help, please. I have test
Problem 5 (10 points) Answer the following questions using the information below (show calculations) Callsh Company manufactures tires. Some of the company's data was misplaced. Use the following information to replace the lost data: Sales-Volume Variances Flexible Budget 450,000 Flexible Budger Variances Static Budget Actual Results 450,000 Units sold 412,500 Revenues (B) $168,320 $5,600 U (A) $4,000 F Variable costs (C) $72,800 $63,440 $9,360 F $800 U Fixed costs $33,120 $36,560 $3,440 F $36,560 Operating...
Thornton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $ 3.60 per unit $2,800 total 800 total Thornton planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that...
Adams Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.70 per unit $2,500 total $ 700 total Adams planned to produce and sell 2,000 units. Actual production and sales amounted to 2,200 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost...
Benson Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.50 per unit $ 3.60 per unit $ 2,600 total $ 500 total Benson planned to produce and sell 2,600 units. Actual production and sales amounted to 2,900 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed...
Cellular Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 6,500,8,000, and 10,000 units. The static budget was based on expected sales of 8,000 units. The company sold 10,000 units during July. Its flexible budget and actual operating income was as follows: (Click the icon to view the flexible budget.) : (Click the icon to view the income statement.) Read the requirements. Requirement 1. Prepare a flexible budget...
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