Homework Answers
answer 1.
contribution margin income statement
| particular | amount | amount |
| sales 10000 *22 | 220000 | |
| variable cost | (200000) | |
| material cost 6 * 10000 | 60000 | |
| labor cost 2* 10000 | 20000 | |
| variable overhead 8* 10000 | 80000 | |
| administration and selling exp 4 *10000 | 40000 | |
| contribution margin | 20000 | |
| fixed overhead | 60000 | |
| admin exp | 15000 |
| net loss | 55000 |
contribution margin = 20000
answer 2.
sales volume variance
actual unit sold = 10000
budgeted unit sales = 12000
actual unit sold - budgeted unit = 2000
2000 * 24 =48000
sales volume variance = 48000 it is unfavorable
actual production < budgeted production so it is unfavorable
answer 3.
flexible budget variance
flexible budget = production * selling price
240000 =10000 * 24
actual = production * selling price
220000= 10000 * 22
variance is 20000 unfavorable
selling price flexible budget >actual budget so it is unfavorable
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