Homework Answers
A. $200,000
Flexible budget for variable costs = 10,000 units × $180,000/9,000
Flexible budget for variable costs = $200,000
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The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decay Department o...
The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flex
The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results.ActualResultsFlexibleBudgetStaticBudgetSales volume (in units)20,000 ________18,000Sales revenues$238,000$ $230,000Variable costs140,000$ ________185,000Contribution margin$98,000$ $45,000Fixed costs41,000$ ________33,000Operating profit$57,000$ ________$12,000The flexible budget will report ________ for variable costs.
udgeted Operating Profit (30 points) The actual information pertains to the third quarter. As part of the budgeting...
udgeted Operating Profit (30 points) The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Dec- is in the process of preparing the flexible budget and understanding the results. Actual Flexible Static Results 11,000 Budget Budget 12,000 Sales volume (in units) Sales revenues Variable costs $242,000 $ $240,000 180,000 198,000 60,000 44,000 Contribution margin 45.000 40,000 Fixed costs...
The actual information pertains to the month of June. As a part of the budgeting process,...
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Flexible Budget ActualResults 19,000 $988,000 418,000 $570,000 276,400 $293,600 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit A to StaticBudget 21,000 $1,092,000 465,150 $626,850 270,500 $356,350 s to os The flexible budget will...
The actual information pertains to the month of June. As a part of the budgeting process,...
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. FlexibleBudget A Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs ActualResults 11,000 $561,000 275,000 $286,000 274,300 StaticBudget 13,000 $663,000 327,080 $335,920 271,900 A A A Operating profit $11,700 $ $64,020 The flexible budget will report...
The actual information pertains to the month of June As part of the budgeting process. Colonial...
The actual information pertains to the month of June As part of the budgeting process. Colonial Fencing Company developed the following static budget for September Colonial is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Budget Static Budget Sales volume (in units) 11 000 21,500 Sales revenues $670,000 5559 000 Variable costs 256.000 300.000 Contribution margin $414000 $259.000 Fixed costs 237,000 236 000 Operating profit $177 000 $23.000 The flexible budget for sales...
7.2-21a Question Help The actual information pertains to the month of June. As a part of...
7.2-21a Question Help The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Flexible Budget ActualResults 18,000 $936,000 414,000 $522,000 274,100 $247,900 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit to to StaticBudget 23,000 $1,196,000 531,300 $664,700 271,000 $393,700 A A A The...
Panther Corporation appeared to be experiencing a good vear. Sales in the first quarter were one-third ahead of last ye...
Panther Corporation appeared to be experiencing a good vear. Sales in the first quarter were one-third ahead of last year, and the sales department predicted that this rate would continue throughout the entire year. The controller asked Janet Nomura, a sumener accounting intern, ta prepare a draft forecast for the year and to analyze the differences from last year's results. She based the forecast on actual results obtained in the first quarter plus the expected costs af production to be...
udgeted Operating Profit (30 points) The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Dec- is in the process of preparing the flexible budget and understanding the results. Actual Flexible Static Results 11,000 Budget Budget 12,000 Sales volume (in units) Sales revenues Variable costs $242,000 $ $240,000 180,000 198,000 60,000 44,000 Contribution margin 45.000 40,000 Fixed costs...
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Flexible Budget ActualResults 19,000 $988,000 418,000 $570,000 276,400 $293,600 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit A to StaticBudget 21,000 $1,092,000 465,150 $626,850 270,500 $356,350 s to os The flexible budget will...
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. FlexibleBudget A Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs ActualResults 11,000 $561,000 275,000 $286,000 274,300 StaticBudget 13,000 $663,000 327,080 $335,920 271,900 A A A Operating profit $11,700 $ $64,020 The flexible budget will report...
The actual information pertains to the month of June As part of the budgeting process. Colonial Fencing Company developed the following static budget for September Colonial is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Budget Static Budget Sales volume (in units) 11 000 21,500 Sales revenues $670,000 5559 000 Variable costs 256.000 300.000 Contribution margin $414000 $259.000 Fixed costs 237,000 236 000 Operating profit $177 000 $23.000 The flexible budget for sales...
7.2-21a Question Help The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Flexible Budget ActualResults 18,000 $936,000 414,000 $522,000 274,100 $247,900 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit to to StaticBudget 23,000 $1,196,000 531,300 $664,700 271,000 $393,700 A A A The...
Panther Corporation appeared to be experiencing a good vear. Sales in the first quarter were one-third ahead of last year, and the sales department predicted that this rate would continue throughout the entire year. The controller asked Janet Nomura, a sumener accounting intern, ta prepare a draft forecast for the year and to analyze the differences from last year's results. She based the forecast on actual results obtained in the first quarter plus the expected costs af production to be...
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