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on shows sales of $451,000; variables THONG

on shows sales of $451,000; variables THONG

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 20MCQ: A firm comparing the actual variable costs of producing 10,000 units with the total variable costs...
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Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $451,000: variable costs of $61,500; and fixed costs of $143,000. The company's actual sales were 26,200 units at $536,400. Actual variable costs were $113,700 and actual fixed costs were $134,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results S 0 0 $ 0 Variances Favorable/ Unfavorable
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $451,000: variable costs of $61,500; and fixed costs of $143,000. The company's actual sales were 26,200 units at $536,400. Actual variable costs were $113,700 and actual fixed costs were $134,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results S 0 0 $ 0 Variances Favorable/ Unfavorable
ces Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $451,000; variable costs of $61,500; and fixed costs of $143,000. If the company actually produces and sells 26,200 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Income Flexible Budget- Variable Amount per Unit $ 0 Total Fixed Cost 20,500 units $ -Flexible Budget at ------ 26,200 units - $ 0 S 0 $ 0 0
Transcribed Image Text:ces Required information [The following information applies to the questions displayed below.] The fixed budget for 20,500 units of production shows sales of $451,000; variable costs of $61,500; and fixed costs of $143,000. If the company actually produces and sells 26,200 units, calculate the flexible budget income. Sales Variable costs Contribution margin Fixed costs Income Flexible Budget- Variable Amount per Unit $ 0 Total Fixed Cost 20,500 units $ -Flexible Budget at ------ 26,200 units - $ 0 S 0 $ 0 0
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