Higgins Company produced 50,000 units, 10,000 more than budgeted. Production data are as follows. Except for physical

Question:

Higgins Company produced 50,000 units, 10,000 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: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

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Question Posted: Nov 19, 2014 06:22 AM

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Higgins Company produced 50,000 units, 10,000 more than budgeted. Production data are as follows. Except for physical

Question:

Sales- Actual Results at Flexible Budget Flexible Avity Static Actual Prices Variances Budget Variances Budget 40,000 520,000 Physical units Sales Variable costs Contribution margin Fixed costs 50,000 5,500 F 315,000 300,000 8,000 U 60,000

Step by Step Answer:

1 2 Sales were 10000 units higher than originally budgeted The flexible budget shows that th...View the full answer

Introduction to Management Accounting

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