Calculate the following variances for Customer X of Easy Speed Printing Services. Mark each variance as favorable
Question:
Calculate the following variances for Customer X of Easy Speed Printing Services. Mark each variance as favorable or unfavorable. Remember that if the variance of actual minus budget is negative for revenues, it is unfavorable, but would be favorable for expenses. If need be, just think through the relationship.
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Customer X Profit Analysis Line Item Budget Actual Revenue $10,000.00 $9,500.00 Less: Cost of goods sold $4,800.00 $4,465.00 Gross margin $5,200.00 $5,035.00 Selling costs $750.00 $600.00 Support services $1,200.00 $1,000.00 Invoicing $250.00 $350.00 General overhead $1,800.00 $1,750.00 Total SGRA costs $4,000.00 $3,700.00 Customer profitability $1,200.00 $1,335.00
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Related Book For
Managerial Accounting An Integrative Approach
ISBN: 9780999500491
2nd Edition
Authors: C J Mcnair Connoly, Kenneth Merchant
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