Homework Answers
| 12 | ||
| Net Operating income in flexible budget | 128000 | =12000*(90-69)-124000 |
| Less: Net Operating income in planning budget | 93350 | =10350*(90-69)-124000 |
| Activity variance in Net Operating income | 34650 | favorable |
| Option A $34,650 favorable is correct | ||
| 13 | ||
| Total actual expenses | 989400 | =(12000*72)+125400 |
| Less; Expenses in flexible budget | 952000 | =(12000*69)+124000 |
| Total spending variance | 37400 | Unfavorable |
| Option C $37,400 unfavorable is correct |
Add Answer to:
For the month of July, Monroe Company, a maker of erhorepared the table below that shows...
For the month of July, Monroe Company, a maker of erobot, prepared the table below that...
For the month of July, Monroe Company, a maker of erobot, prepared the table below that shows their master budget (planning or static budget) and their nexible budget Actual Master Results Budget 10.350 s90 Seo $124,000 12,000 $87 $72 $125,400 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs 12 What is the activity variance in net operating income? A. в. C. $34,650 favorable $38,750 favorable $73,400 favorable $54,600 favorable D. E. None of the...
For the month of July, Monroe Company, a ma (planning or static budget) and their flexible...
For the month of July, Monroe Company, a ma (planning or static budget) and their flexible budget. their master budget S. Monroe Company, a maker of erobot prepared the table below that shows the man Master Budget 10,350 $90 $69 $124,000 - Actual Results 11,000 $87 $72 $125.400 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs 12 What is the activity variance in net operating income? $13,650 favorable $53,750 favorable $67,400 favorable $39,600 favorable...
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...
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...
Help Sa Saved Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs $ 36.3e 8.90 3.60 5.40...
Help Sa Saved Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs $ 36.3e 8.90 3.60 5.40 Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs 6.50 Planned fixed costsS $131,00e 53,000 Manufacturing overhead Selling, general, and administrative Campbell planned to make and sell 36,000 copies of the book Required a. - d. Prepare the pro forma income statement that would appear...
The following information is available for Brownstone Products Company for the month of July: Master Budget...
The following information is available for Brownstone Products Company for the month of July: Master Budget Actual Units 4,000 $60, 200 $60,000 16,000 13,900 3,900 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 20,000 14,900 8,700 8,000 10,100 10,000 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...
↵ Perez Manufacturing Comp any established the following standard price and cost data: Sales price $...
↵
Perez Manufacturing Comp
any established the following standard price and cost data:
Sales price
$
8.20
per unit
Variable manufacturing cost
$
3.50
per unit
Fixed manufacturing cost
$
2,500
total
Fixed selling and administrative cost
$
600
total
Perez planned to produce and sell 2,600 units. Actual production
and sales amounted to 2,800 units.
Required
Determine the sales and variable cost volume variances.
Classify the variances as favorable (F) or unfavorable (U).
Determine the amount of fixed cost...
Complete the following Flexible Budget Performance Report. Interpret your results. Remember on the variances to put...
Complete the following Flexible Budget Performance Report. Interpret your results. Remember on the variances to put Favorable (F) or Unfavorable (U) Flexible i e Flexible Volume Master Actual Budget B. Budget Variance Budget Variance Sales 57,500 57,500 53,000 Volume Sales Revenue $206,500 ($3.50 per unit) Less: Variable Expenses $83,200 ($1.40 per unit) Contribution $123,300 Margin Less: Fixed $65,500 $64,000 Expenses Operating $57,800 Income
For the month of July, Monroe Company, a maker of erobot, prepared the table below that shows their master budget (planning or static budget) and their nexible budget Actual Master Results Budget 10.350 s90 Seo $124,000 12,000 $87 $72 $125,400 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs 12 What is the activity variance in net operating income? A. в. C. $34,650 favorable $38,750 favorable $73,400 favorable $54,600 favorable D. E. None of the...
For the month of July, Monroe Company, a ma (planning or static budget) and their flexible budget. their master budget S. Monroe Company, a maker of erobot prepared the table below that shows the man Master Budget 10,350 $90 $69 $124,000 - Actual Results 11,000 $87 $72 $125.400 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs 12 What is the activity variance in net operating income? $13,650 favorable $53,750 favorable $67,400 favorable $39,600 favorable...
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...
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...
Help Sa Saved Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces Standard price and variable costs $ 36.3e 8.90 3.60 5.40 Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs 6.50 Planned fixed costsS $131,00e 53,000 Manufacturing overhead Selling, general, and administrative Campbell planned to make and sell 36,000 copies of the book Required a. - d. Prepare the pro forma income statement that would appear...
The following information is available for Brownstone Products Company for the month of July: Master Budget Actual Units 4,000 $60, 200 $60,000 16,000 13,900 3,900 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 20,000 14,900 8,700 8,000 10,100 10,000 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...
↵
Perez Manufacturing Comp
any established the following standard price and cost data:
Sales price
$
8.20
per unit
Variable manufacturing cost
$
3.50
per unit
Fixed manufacturing cost
$
2,500
total
Fixed selling and administrative cost
$
600
total
Perez planned to produce and sell 2,600 units. Actual production
and sales amounted to 2,800 units.
Required
Determine the sales and variable cost volume variances.
Classify the variances as favorable (F) or unfavorable (U).
Determine the amount of fixed cost...
Complete the following Flexible Budget Performance Report. Interpret your results. Remember on the variances to put Favorable (F) or Unfavorable (U) Flexible i e Flexible Volume Master Actual Budget B. Budget Variance Budget Variance Sales 57,500 57,500 53,000 Volume Sales Revenue $206,500 ($3.50 per unit) Less: Variable Expenses $83,200 ($1.40 per unit) Contribution $123,300 Margin Less: Fixed $65,500 $64,000 Expenses Operating $57,800 Income
Most questions answered within 3 hours.
-
The x component of the velocity of an object vibrating
along the x-axis obeys the equation...
asked 19 minutes ago -
A junction box contains two trade size 2 raceways on the left
side, and two trade...
asked 52 minutes ago -
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 1 hour ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 2 hours ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 4 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 5 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 6 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 6 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 8 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 8 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 9 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 9 hours ago