Question

Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data from its operation for...

Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data from its operation for the year just completed.

Actual A Flexible Budget B Master Budget
Units 1,540 1,240
Sales (dollars) $ 101,000 C $ 20,400 F
Variable cost E $ 64,480
Contribution Margin $ 1,400 U D
Fixed cost F $ 5,080
Operating income $ 15,200

The amount F (to the nearest dollar) is:

Multiple Choice

$15,200.

$16,600.

$8,040.

$10,160.

$12,260.

Business   Accounting   
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Homework Answers

Answer #1

1. Flexible Budget Sales($) = (Variance / (Flexible Budget Sales - Master Budget Sales)) * Flexible Budget Sales

Flexible Budget Sales = (20400 / (1540 - 1240)) * 1540

Flexible Budget Sales = $104720 (C)

2. Flexible Budget Variable Cost = (Master Budget Variable Cost / Master Budget Units) * Flexible Budget Units

Flexible Budget Variable Cost = (64480 / 1240) * 1540

Flexible Budget Variable Cost = $80080

3. Flexible Budget Contribution Margin = $104720 - $80080 = $24640

4. Actual Contribution Margin = Flexible Budget Contribution Margin - Variance

Actual Contribution Margin = 24640 - 1400

Actual Contribution Margin = 23240

5. Actual Fixed Cost = Actual Contribution Margin - Actual Operating Income

Actual Fixed Cost = 23240 - 15200

Actual Fixed Cost = $8040 Option C

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