Homework Answers
| Reported | Mfg | Marketing | Sales Price | Flexible | Sales Activity | Mastere budget | ||||
| Income (2400) | Variance | admin variance | variance | Budget | variance | (2600 units) | ||||
| Sales revenue | 120000 | 9600 U | 129600 | 10800 U | 140400 | |||||
| Variable Mfg cost | 32880 | 4320 F | 37200 | 3100 F | 40300 | |||||
| variable marketing and admin cost | 12200 | 2200 F | 14400 | 1200 F | 15600 | |||||
| Contribution | 74920 | 4320 F | 2200 F | 9600 U | 78000 | 6500 U | 84500 | |||
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Find the values of the missing items. Assume that the actual sales volume equals actual productio...
Find the values of the missing items. Assume that the actual sales volume equals actual production...
Find the values of the missing items. Assume that the actual
sales volume equals actual production volume. (There are no
inventory level changes.) (Do not round intermediate
calculations. Indicate the effect of each variance by selecting "F"
for favorable, or "U" for unfavorable. If there is no effect, do
not select either option.)
Problem 16-52 (Algo) Find Missing Data for Profit Variance Analysis (LO 16-4) Find the values of the missing items. Assume that the actual sales volume equals actual...
Find the values of the missing items. Assume that the actual sales volume equals actual production...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of ench variance by selecting "F" for favorable, or "U for unfavorable. If there is no effect, do not select either option.) oints etbook Reported Fiexible Marketing and Administrative Variance Master Budget (2,700 units) Part Income Statement (2,500 units) Manufacturing Variance Sales Price Variance Budget (2.500 units) Sales Activity...
blem 16-52 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4) | the values of...
blem 16-52 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4) | the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory I changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" Infavorable. If there is no effect, do not select either option.) Reported Income Statement (2,250 units) $ 117,000 Marketing and Manufacturing Variance Administrative Variance Sales Price Variance...
please explain how to do IN ind the values of the missing items (a) through (q)....
please explain how to do
IN ind the values of the missing items (a) through (q). that the actual sales voltume equals actual production vokume. (There are no inventory level changes ) Reported StatementVariance Marketing Income Manufacturing & Admin Sales Price Sales Flexible Activity Master VarianceVarianceBudget Variance Budget Provided Information Units 2,400 s 121,500 $ 117,000 Sales revenue S 2,280 F Variable manufacturing costs Variable marketing& admin costs Contribution margin 3,600 F S 14,400 $74,400 Sales Marketing Sales Price Reported...
leason Guitars produces acoustic guitars. The table below contains budget and actual Information for the month...
leason Guitars produces acoustic guitars. The table below contains budget and actual Information for the month of June: (Indicate he effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Actual Costs 385 units Spending Variance Flexible Budget 385 units Volume Variance Master Budget 200 units $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 17,100 27,800 9,850 13,100 67,850 15,600 23,600 9,600 11,800 60,600 $
The following information is available for Brownstone Products Company for the month of July: Units Sales...
The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Actual Budget 3,900 3,200 $55,800 $60,000 10,900 16,000 12,800 13,800 7,400 8,000 8,800 10,450 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or unfavorable...
Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on...
Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 675 units) $112,340 Master Budget (based on budgeted 750 units) $120.000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 14,232 16,060 10,980 6,512 6.000 $ 53,784 $S1.556 15,000 18,000 12,750 7. 200 6,000 $ 58,950 $ 61,050 5,360 12,382 11.961 530,203 $ 28,353...
Campbell Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost...
Campbell Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.40 per unit $ 3.40 per unit $2,600 total $ 600 total Campbell planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Assume that the actual sales price is $8.10 per unit and that the actual variable cost is $3.70 per unit. The actual fixed manufacturing cost is $2,400,...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue...
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 master budget at Western Company last period called for sales of 225,000 units at $9...
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $910 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. Required: Prepare a profit variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable....
Find the values of the missing items. Assume that the actual
sales volume equals actual production volume. (There are no
inventory level changes.) (Do not round intermediate
calculations. Indicate the effect of each variance by selecting "F"
for favorable, or "U" for unfavorable. If there is no effect, do
not select either option.)
Problem 16-52 (Algo) Find Missing Data for Profit Variance Analysis (LO 16-4) Find the values of the missing items. Assume that the actual sales volume equals actual...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of ench variance by selecting "F" for favorable, or "U for unfavorable. If there is no effect, do not select either option.) oints etbook Reported Fiexible Marketing and Administrative Variance Master Budget (2,700 units) Part Income Statement (2,500 units) Manufacturing Variance Sales Price Variance Budget (2.500 units) Sales Activity...
blem 16-52 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4) | the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory I changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" Infavorable. If there is no effect, do not select either option.) Reported Income Statement (2,250 units) $ 117,000 Marketing and Manufacturing Variance Administrative Variance Sales Price Variance...
please explain how to do
IN ind the values of the missing items (a) through (q). that the actual sales voltume equals actual production vokume. (There are no inventory level changes ) Reported StatementVariance Marketing Income Manufacturing & Admin Sales Price Sales Flexible Activity Master VarianceVarianceBudget Variance Budget Provided Information Units 2,400 s 121,500 $ 117,000 Sales revenue S 2,280 F Variable manufacturing costs Variable marketing& admin costs Contribution margin 3,600 F S 14,400 $74,400 Sales Marketing Sales Price Reported...
leason Guitars produces acoustic guitars. The table below contains budget and actual Information for the month of June: (Indicate he effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Actual Costs 385 units Spending Variance Flexible Budget 385 units Volume Variance Master Budget 200 units $ Direct Material Direct Labor Variable Overhead Fixed Overhead Total Manufacturing Costs 17,100 27,800 9,850 13,100 67,850 15,600 23,600 9,600 11,800 60,600 $
The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Actual Budget 3,900 3,200 $55,800 $60,000 10,900 16,000 12,800 13,800 7,400 8,000 8,800 10,450 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or unfavorable...
Odessa, Inc., reports the following information concerning operations for the most recent month: Actual (based on actual of 675 units) $112,340 Master Budget (based on budgeted 750 units) $120.000 Sales revenue Less Manufacturing costs Direct labor Materials Variable overhead Marketing Administrative Total variable costs Contribution margin Fixed costs Manufacturing Marketing Administrative Total fixed costs Operating profits 14,232 16,060 10,980 6,512 6.000 $ 53,784 $S1.556 15,000 18,000 12,750 7. 200 6,000 $ 58,950 $ 61,050 5,360 12,382 11.961 530,203 $ 28,353...
Campbell Manufacturing Company established the following standard price and cost data: Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.40 per unit $ 3.40 per unit $2,600 total $ 600 total Campbell planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 units. Assume that the actual sales price is $8.10 per unit and that the actual variable cost is $3.70 per unit. The actual fixed manufacturing cost is $2,400,...
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 master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3.75 variable per unit and $225,000 fixed. During the period, actual production and actual sales were 230,000 units. The selling price was $910 per unit. Variable costs were $4.50 per unit. Actual fixed costs were $225,000. Required: Prepare a profit variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable....
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