The results for July for Brahms & Sons
follow:
Actual (based on actual sales of 76,000...
The results for July for Brahms & Sons
follow:
Actual (based on actual sales of 76,000 units)
Master Budget (based on budgeted sales 74,000 units)
Sales revenue
$
560,000
$
629,000
Less
Variable costs
Direct material
76,000
62,900
Direct labor
87,000
111,000
Variable overhead
94,000
111,000
Marketing
17,800
18,500
Administrative
14,700
18,500
Total variable costs
$
289,500
$
321,900
Contribution margin
$
270,500
$
307,100
Less
Fixed costs
Manufacturing
121,500
116,000
Marketing
26,600
18,500
Administrative
90,000
88,000
Total fixed costs...
Odessa, Inc., reports the following information concerning
operations for the most recent month:
Actual (based...
Odessa, Inc., reports the following information concerning
operations for the most recent month:
Actual (based on actual of 585 units)
Master Budget (based on budgeted 650 units)
Sales revenue
$
102,870
$
110,500
Less
Manufacturing costs
Direct labor
14,172
14,950
Materials
13,650
15,600
Variable overhead
9,930
11,700
Marketing
5,495
6,175
Administrative
5,200
5,200
Total variable costs
$
48,447
$
53,625
Contribution margin
$
54,423
$
56,875
Fixed costs
Manufacturing
5,070
5,200
Marketing
10,788
10,400
Administrative
10,356
10,400
Total fixed...
ames Manufacturing had the following information available for
July:
Actual Results
Flexible Budget Variance
Flexible Budget...
ames Manufacturing had the following information available for
July:
Actual Results
Flexible Budget Variance
Flexible Budget
Sales Activity Variance
Master Budget
Units
12,000
?
3,000
U
?
Sales revenue
?
$
16,800
F
?
?
?
Less:
Variable manufacturing costs
$
88,500
$
92,000
?
$
111,000
Variable marketing and administrative
?
$
5,500
U
?
$
6,200
F
$
33,000
Contribution margin
$
52,000
?
?
$
6,300
U
?
What was James’s master budget contribution margin?
Hyson Inc. manufactures and sells
produces. The master budget and the actual results for July are...
Hyson Inc. manufactures and sells
produces. The master budget and the actual results for July are as
follows:
Actual July
Sales
Master Budget
Un it sales
12,000
10,000
Sales
$132,000
$100,000
Variable costs
$70,800
$60,000
Contribution margin
$61,200
$40,000
Fixed costs
$30,000
$25,000
Operating income
$31,200
$15,000
If flexible budgeting is used, how much is contribution margin
per unit based on actual sales of 12,000 units?
(A)
$4.00
(B)
$5.10
(C)
$4.55
(D)
None of the above
How much is...
The following information is available for the Gabriel Products
Company for the month of July:
Static...
The following information is available for the Gabriel Products
Company for the month of July:
Static Budget Actual
Units
5,000
5,100
Sales revenue
$60,000
$58,650
Variable manufacturing costs
$15,000
$16,320
Fixed manufacturing costs
$18,000
$17,000
Variable marketing and administrative expense $10,000
$10,500
Fixed marketing and administrative expense
$12,000
$11,000
The total static-budget variance for operating income for the
month of July would be
Blossom, Inc. prepared the following master budget items for
July:
Production and sales
28,000
units...
Blossom, Inc. prepared the following master budget items for
July:
Production and sales
28,000
units
Variable manufacturing costs:
Direct materials
$
28,000
Direct labor
$
61,000
Variable manufacturing
overhead
$
42,000
Fixed manufacturing costs
$
130,000
Total manufacturing costs
$
261,600
During July, Blossom actually sold 34,000 units. Prepare a
flexible budget for Blossom based on actual sales. (Do not
round your intermediate calculations.)
Production and Sales
UNITS
Variable manufacturing costs
Direct materials
Direct labor
Variable manufacturing overhead...
The following information is available for the Gabriel Products
Company for the month of July:
Static...
The following information is available for the Gabriel Products
Company for the month of July:
Static Budget Actual
Units
5,000
5,100
Sales
revenue
$60,000
$58,650
Variable manufacturing
costs
$15,000
$16,320
Fixed manufacturing
costs
$18,000
$17,000
Variable marketing and administrative expense $10,000
$10,500
Fixed marketing and administrative expense
$12,000
$11,000
The total sales-volume for operating income for the month of
July would be
Osage, Inc., manufactures and sells lamps. The company produces
only when it receives orders and, therefore,...
Osage, Inc., manufactures and sells lamps. The company produces
only when it receives orders and, therefore, has no inventories.
The following information is available for the current
month:
Actual (based on actual orders for 450,000 units)
Master Budget (based on budgeted orders for 480,000 units)
Sales revenue
$
4,970,000
$
4,800,000
Less
Variable costs
Materials
1,536,000
1,536,000
Direct labor
226,000
288,000
Variable overhead
627,900
576,000
Variable marketing and
administrative
444,000
456,000
Total variable costs
$
2,833,900
$
2,856,000
Contribution margin...
A company’s flexible budget for 25,000 units of production
showed sales, $82,500; variable costs, $25,000; and...
A company’s flexible budget for 25,000 units of production
showed sales, $82,500; variable costs, $25,000; and fixed costs,
$20,000. The contribution margin expected if the company produces
and sells 20,000 units is:
Multiple Choice
$82,500.
$102,500.
$46,000.
$20,000.
$25,000.
The budgeted income statement presented below is for Burkett
Corporation for the coming fiscal year. If Burkett Corporation is
able to achieve the budgeted level of sales, its margin of safety
in dollars would be (Do not round intermediate
calculations.):
Sales...
Question 2 : Sharqiya Company estimates sales of 15,000 units
for the upcoming period. At this...
Question 2 : Sharqiya Company estimates sales of 15,000 units
for the upcoming period. At this sales volume its budgeted income
is as follows:
Per Unit Total
Sales $ 60
$ 900,000
Less variable costs:
Manufacturing costs 30
450,000
Selling and administrative costs
10
150,000
Contribution margin $ 20
$ 300,000
Less fixed costs: ...