Hanno had the following static budget for March, when it expected to sell 4,000 sandwiches: Sales...
Hanno had the following static budget for March, when it expected to sell 4,000 sandwiches:
Sales revenue $ 48,000
Variable costs $ 28,000
Fixed costs $ 5,000
Net income $15,000
Hanno actually sold 5,000 sandwiches during March at $12 each. Variable costs were $37,500 and fixed costs were $4,800.
A. Prepare a flexible budget at for March that will help Hanno separate the volume variance from the flexible budget variance. Make your income statement match my format and compute net income.
B. What is the volume variance for variable costs?
C. What is the flexible budget variance for variable costs?
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Hanno had the following static budget for March, when it
expected to sell 4,000 sandwiches:
Sales...
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please help asap
Rooney Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost $ 36.90 8.70 Labor cost 4.00 Overhead cost 6.00 Selling, general, and administrative costs Planned fixed costs 6.40 Manufacturing overhead Selling, general, and administrative $126,000 48,000 Rooney planned to make and sell 27,000 copies of the book. Required: a. d. Prepare the pro forma income statement that would appear in...
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please help asap
Rooney Publications established the following standard price and costs for a hardcover picture book that the company produces $ Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative 36.90 8.70 4.00 6.00 6.40 $126.000 48,000 Rooney planned to make and sell 27,000 copies of the book. Required: a.-d. Prepare the pro forma income statement that would appear in the...
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