Question

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?

Homework Answers

Answer #1

ames Manufacturing had the following information available for July:

Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget
Units 12,000 12000 3,000 U 15000
Sales revenue 172800 $ 16,800 F 156000 39000 U 195000
Less:
Variable manufacturing costs $ 88,500 $ 92,000 19000 F $ 111,000
Variable marketing and administrative 32300 $ 5,500 U 26800 $ 6,200 F $ 33,000
Contribution margin $ 52,000 ? ? $ 6,300 U ?

What was James’s master budget contribution margin?

Master Contribution margin = 195000-111000-33000 = 51000

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