The master budget at
Western Company last period called for sales of 225,000 units at $9...
The master budget at
Western Company last period called for sales of 225,000 units at $9
each. The costs were estimated to be $3.75 variable per unit and
$225,000 fixed. During the period, actual production and actual
sales were 230,000 units. The selling price was $9.10 per unit.
Variable costs were $4.50 per unit. Actual fixed costs were
$225,000.
Required:
Prepare a sales
activity variance analysis. (Indicate the effect of each
variance by selecting "F" for favorable, or "U"...
Gleason Guitars produces acoustic guitars. The table below
contains budget and actual information for the month...
Gleason Guitars produces acoustic guitars. The table below
contains budget and actual information for the month of June:
(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance).)
Actual Costs 405 units
Spending Variance
Flexible Budget 405 units
Volume Variance
Master Budget 200 units
Direct Material
$17,300
$15,800
Direct Labor
28,000
23,800
Variable Overhead
10,050
9,800
Fixed Overhead
13,300
11,900
Total Manufacturing Costs
$68,650
$61,300
Gleason Guitars produces acoustic guitars. The table below
contains budget and actual information for the month...
Gleason Guitars produces acoustic guitars. The table below
contains budget and actual information for the month of June:
(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance).)
Actual costs 245 units spending variance flexible
budget 245 units volume variance Master budget 200
units
direct material 15,700 14,200
direct labor 26400 22,200
variable overhead 8450 8,200
fixed overhead 11,700 11,100
total manufacturing overhead 62250 55,700
The master budget at Western Company last period called for
sales of 226,300 units at $10.3...
The master budget at Western Company last period called for
sales of 226,300 units at $10.3 each. The costs were estimated to
be $3.88 variable per unit and $226,300 fixed. During the period,
actual production and actual sales were 231,300 units. The selling
price was $10.40 per unit. Variable costs were $5.80 per unit.
Actual fixed costs were $226,300. Required: Prepare a sales
activity variance analysis. (Indicate the effect of each variance
by selecting "F" for favorable, or "U" for...
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...
The master budget at
Western Company last period called for sales of 225,000 units at $9...
The master budget at
Western Company last period called for sales of 225,000 units at $9
each. The costs were estimated to be $3.75 variable per unit and
$225,000 fixed. During the period, actual production and actual
sales were 230,000 units. The selling price was $9.10 per unit.
Variable costs were $4.50 per unit. Actual fixed costs were
$225,000.
Required:
Prepare a sales
activity variance analysis. (Indicate the effect of each
variance by selecting "F" for favorable, or "U"...
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...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct...
As the new accountant for Cohen & Co., you have been asked
to provide a succinct analysis of financial performance for the
year just ended. You obtain the following information that pertains
to the company’s sole product:
Actual
Master (Static) Budget
Units sold
35,000
40,000
Sales
$
384,000
$
470,000
Variable costs
214,000
278,000
Fixed costs
137,000
135,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master (static) budget operating
income for...
RTI company’s master budget calls for production and sale of
18,000 units for $81,000; variable costs...
RTI company’s master budget calls for production and sale of
18,000 units for $81,000; variable costs of $30,600; and fixed
costs of $20,000. During the most recent period, the company
incurred $32,000 of variable costs and $28,000 of fixed costs to
produce and sell 20,000 units for $85,000.
What is the sales volume variance for operating income?
Group of answer choices
$3,400 favorable
$64,000 unfavorable
$5,600 favorable
$9,000 unfavorable
What is the flexible budget variance for operating income?
Group of...