Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs. Planned fixed costs Hanufacturing overhead Selling, general, and administrative $36.80 9.00 3.80 5.60 6.60 Number of units $132,000 52,000 Campbell planned to make and sell 39,000 copies of the book. Required: a. d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 38.000 and 40,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 40,000 units, Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i... zero variance).) Master Budget 30,000 1.435,200 S Flexible Budgets 30,000 1 300 400 Volume Variances 40,000 $1,472,000 $ 30,000,

Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs. Planned fixed costs Hanufacturing overhead Selling, general, and administrative $36.80 9.00 3.80 5.60 6.60 Number of units $132,000 52,000 Campbell planned to make and sell 39,000 copies of the book. Required: a. d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income statements, assuming production volumes of 38.000 and 40,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 40,000 units, Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i... zero variance).) Master Budget 30,000 1.435,200 S Flexible Budgets 30,000 1 300 400 Volume Variances 40,000 $1,472,000 $ 30,000,

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Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 6E: Computing materials variances D-List Calendar Co. specializes in manufacturing calendars that depict...

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