In 2020, Procter & Gamble produced 60,000 units of a mid-range electric toothbrush, 12,000 more than budgeted.

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In 2020, Procter & Gamble produced 60,000 units of a mid-range electric toothbrush, 12,000 more than budgeted. Production data are as follows. Except for physical units, all quantities are in dollars.

1. Fill in the unknowns.

2. Give a brief summary explanation of why the original target income was not attained.

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Introduction To Management Accounting

ISBN: 9781292412566

17th Edition, Global Edition

Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler

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Question Posted: Apr 27, 2023 07:45 AM

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In 2020, Procter & Gamble produced 60,000 units of a mid-range electric toothbrush, 12,000 more than budgeted.

Question:

Physical units Sales Variable costs Contribution margin Fixed costs Income Actual Results at Actual Prices 60,000 ? 378,000 ? do ? ? Flexible Budget Variances 6,600 F ? ? 9600 U ? Sales Flexible Activity Budget Variances ? ? ? ? 360,000 ? ? ? ? ? ? ? Static Budget 48,000 624,000 ? ? 72,000 ?

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The unknowns can be filled in using the given data as follows Actual Bu...View the full answer

Introduction To Management Accounting

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