Question: Top managers of Manion Industries predicted the following year s sales
Top managers of Manion Industries predicted the following year’s sales of 145,000 units of its product at a unit price of $8. Actual sales for the year were 140,000 units at $9.50 each. Variable expenses were budgeted at $2.20 per unit and actual variable expenses were $2.30 per unit. Actual fixed expenses of $420,000 exceeded budgeted fixed expenses by $20,000. Prepare Manion Industries’ income statement performance report in a format similar to E10-20. What variance contributed most to the year’s favourable results? What caused this variance?
Answer to relevant QuestionsHanco has a relevant range extending to 30,000 units each month. The following performance report provides information about Hanco’s budget and actual performance for April. Requirement Find the missing data for letters ...Fresh-Cut processes bags of frozen organic vegetables sold at specialty grocery stores. Fresh-Cut allocates manufacturing overhead based on direct labour hours. Fresh-Cut has projected total overhead for the year to be ...Refer to the Watermate Data Set above. Requirements 1. Compute the total manufacturing overhead variance. What does this tell management? 2. Compute the overhead flexible budget variance. What does this tell management? 3. ...Graph the flexible budget total cost line for Office Plus in Exercise 10-40B. Show total cost for volume levels of 60,000, 70,000, and 90,000 pads. In Exercise Office Plus sells its main product, ergonomic mouse pads, for $8 ...Recall that Kool-Time’s relevant range is 0 to 11 pools per month. Explain whether Kool Time would have a sales volume variance for fixed expenses in Exhibit 10-7 if In exhibit a. Kool-Time installs 14 pools per month. b. ...
Post your question