Actual
Results
Flexible
Budget
Variance
Flexible
Budget
Sales
Activity
Variance
Master
Budget
Units
13,000
?
2000U...
Actual
Results
Flexible
Budget
Variance
Flexible
Budget
Sales
Activity
Variance
Master
Budget
Units
13,000
?
2000U
?
Sales
revenue
?
13,000F
?
?
?
Less:
<Variable mfg. Costs>
$87,750
$91,000
?
$105,000
<Variable mktg/adm.costs>
?
$3,250U
?
$4,000F
30,000
Contribution margin
$52,000
?
?
$6,000U
?
What is the master budget contribution margin?
Select one:
A. $52,000.
B. $45,000.
C. $47,500.
D. $39,000.
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...
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 results for July for Brahms & Sons follow:
Actual (based on actual sales of...
The results for July for Brahms & Sons follow:
Actual (based on actual sales of 61,600 units)
Master Budget (based on budgeted sales of 56,000
units)
Sales revenues
$
448,000
$
460,000
Less
Variable costs
Direct material
56,700
46,000
Direct labor
50,600
60,000
Variable overhead
59,250
60,000
Marketing
18,450
18,000
Administration
17,000
18,000
Total variable costs
$
202,000
$
202,000
Contribution margin
$
246,000
$
258,000
Less
Fixed costs
Manufacturing
103,200
100,800
Marketing
25,100
22,400
Administration
79,700
$
78,400...
You are given the following static budget report:
Budget Actual Variance
Unit
Sales  
You are given the following static budget report:
Budget Actual Variance
Unit
Sales 10,000 15,000 5,000
F
Variable Expenses:
Commissions $30,000
$33,000 $3,000 U
Advertising $1,000
$1,200 $200 U
Travel $10,000
$11,000 $1,000 U
Samples $2,500
$2,300 $200 F
Total
Variable $43,500
47,500 $4,000 U
Fixed Expenses
Rent $5,000
$5,000 0
Salaries –
Sales $2,000
$2,000 0
Salaries –
Office $1,200
$1,200 0
Depreciation $1,500
$1,500 0
Total
Fixed $9,700
$9,700 0
Total Expenses $53,200 $57,200 $4,000 U
Prepare a flexible budget analysis and explain whether you
believe that costs were controlled. How do the results
of...
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...
Below is data for Jewelry by Jessica for the month of
October.
Master
Budget
Flexible
Budget...
Below is data for Jewelry by Jessica for the month of
October.
Master
Budget
Flexible
Budget
Actual
Results
Revenue
$60,000
$64,000
$76,800
Variable costs
$24,000
$38,400
$44,800
Contribution margin
$36,000
$25,600
$32,000
Fixed costs
$5,000
$5,000
$7,500
Profit before taxes
$31,000
$20,600
$24,500
What statement below is true?
Group of answer choices
Fixed costs spending variance is $2,500 U and the sales price
variance is $10,400 F
Sales volume variance is $10,400 U and the variable cost
spending variance is...
Listed below is the budget and actual results. What is the
contribution margin variance?
Static Budget...
Listed below is the budget and actual results. What is the
contribution margin variance?
Static Budget
Actual
Units sold
300
310
Sales
$6,000
$6,200
Variable expenses
$3,800
$3,900
Contribution margin
$2,200
$2,300
Fixed expenses
$700
$680
Operating income
$1,500
$1,620
XYZ Company's budgeted and actual results for last year are as
follows:
Master budget
Actual results...
XYZ Company's budgeted and actual results for last year are as
follows:
Master budget
Actual results
Price
$600
$700
Sales volume (units)
7,000
5,000
Unit VC
$200
$200
Fixed costs
$200,000
$200,000
Required:
(a) Compute budgeted and actual revenue, costs and profits:
Master budget
Actual
Sales volume (units)
Revenue
$
$
Variable costs
$
$
Contribution margin
$
$
Fixed costs
$
$
Profit
$
$
In (b)-(d) below, enter favorable and unfavorable variances as
positive and negative numbers, without...
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.)
Reported Income Statement (2500 units)
Manufacturing Variance
Marketing and Admin Variance
Sales price variance
Flexible budget (2500 units)
Sales Activity Variance
Master Budget (2700 units)
Sales Revenue...