Here is the budget and results for 20X1 of the Robbin lte company. Results (26000 boxes) Budget
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Question:
Here is the budget and results for 20X1 of the Robbin lte company.
Results (26000 boxes) | Budget initial (22000botes) | |
---|---|---|
Sales | 1812200$ | 1540000$ |
Matires premieres | 315120$ | 264000$ |
Direct labor | 518700$ | 440000$ |
Variable indirect manufacturing costs | 202800$ | 176000$ |
Variable selling and administrative costs | 183300$ | 154000$ |
Margin on variable costs | 592280$ | 506000$ |
Fixed indirect manufacturing costs | 106100$ | 105000$ |
Fixed selling and administrative costs | 181725$ | 180000$ |
Profit before taxes | 304455$ | 221000$ |
Work done (35 minutes)
- Calculate the activity gap.
- Calculate the sales price and cost variance (also called budget and yield variance).
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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